5 Future Dividend Kings in the Next 6 Years or Less

3. Telephone and Data Systems, Inc. (NYSE:TDS)

Consecutive Years of Dividend Growth: 48

Telephone and Data Systems, Inc. (NYSE:TDS) is an American multinational telecommunications company, based in Chicago. The company’s cash position remained strong last year as its operating cash flow at the end of December 2022 came in at $832 million, compared with $802 million in 2021. It had $273 million available in cash and cash equivalents at the end of 2022, up from $156 million in the prior-year period.

Telephone and Data Systems, Inc. (NYSE:TDS), one of the best dividend kings of the future, currently pays a quarterly dividend of $0.185 per share. In 2023, the company took its dividend growth streak to 48 years. The stock has a dividend yield of 7.46%, as of March 23.

At the end of Q4 20222, 20 hedge funds tracked by Insider Monkey reported having stakes in Telephone and Data Systems, Inc. (NYSE:TDS), up from 13 in the previous quarter. These stakes have a consolidated value of over $67.8 million.