5 Dividend Kings To Invest In For Safe Dividend Growth

3. Parker-Hannifin Corporation (NYSE:PH)

5-Year Average Annual Dividend Growth Rate: 14.26%

Parker-Hannifin Corporation (NYSE:PH) is next on our list of the best dividend kings to invest in for dividend growth. the industrial company has raised its dividends for 66 years in a row and currently offers a quarterly dividend of $1.48 per share. The stock offers a dividend yield of 1.10%, as of March 11. The company has grown its payouts at an annual average rate of 14.26% over the past five years.

Parker-Hannifin Corporation (NYSE:PH) ended the fourth quarter of 2023 with 63 hedge fund investors, growing significantly from 52 in the previous quarter, as per Insider Monkey’s database. The stakes held by these hedge funds have a total value of more than $1.64 billion.

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