5 Dividend Kings To Invest In For Safe Dividend Growth

2. Nordson Corporation (NASDAQ:NDSN)

5-Year Average Annual Dividend Growth Rate: 14.78%

Nordson Corporation (NASDAQ:NDSN) is an Ohio-based adhesive manufacturing company that specializes in precision dispensing, fluid management, and adhesive application solutions. Over the past five years, the company has raised its dividend at an annual average rate of 14.78%, while maintaining a 60-year streak of consistent dividend growth. With a dividend yield of 1.03% as of March 11, NDSN is one of the best dividend kings on our list.

As of the end of Q4 2023, 19 hedge funds in Insider Monkey’s database reported having stakes in Nordson Corporation (NASDAQ:NDSN), compared with 21 in the previous quarter. These stakes have a collective value of over $107.5 million. Among these hedge funds, Balyasny Asset Management was the company’s leading stakeholder in Q4.

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