In this article, we will look at the Dividend Kings List: Top 5 Stocks. For a deeper discussion and an extended list, please see Dividend Kings List: Top 15 Stocks.
5. ABM Industries Incorporated (NYSE:ABM)
Dividend Yield as of March 6: 2.65%
On March 4, ABM Industries Incorporated (NYSE:ABM) announced a new multi-year partnership with the Philadelphia Phillies to provide integrated facility engineering, maintenance, and cleaning services at Citizens Bank Park. As part of the agreement, ABM will introduce its ABM Performance Solutions platform at the stadium. The technology-driven system is designed to improve operational efficiency, strengthen service delivery, and provide real-time performance insights across the 40,000-seat ballpark campus.
The partnership also expands ABM’s presence in professional sports and entertainment venues. It marks the first time the ABM Performance Solutions model will be implemented at a Major League Baseball stadium. With the addition of the Phillies, ABM now provides services to 10 MLB teams. That represents roughly one-third of the league and further strengthens the company’s role as a facilities solutions provider across sports and entertainment venues in the U.S. The timing of the partnership carries added significance. Philadelphia is set to host the 2026 MLB All-Star Game presented by Mastercard at Citizens Bank Park, which will take place during the United States’ 250th anniversary year. The event will bring national attention to both the stadium and the city.
Citizens Bank Park opened in 2004 and has grown into one of baseball’s well-known venues. The stadium welcomes millions of fans each year for Phillies games and other major events. Under the agreement, ABM will deploy a dedicated workforce supported by operational tools and established processes. The goal is to maintain the stadium’s facilities, protect its long-term asset value, and ensure the venue is ready for large national events.
ABM Industries Incorporated (NYSE:ABM) provides integrated facility, engineering, and infrastructure services. The company operates through five segments: Business & Industry, Manufacturing & Distribution, Education, Aviation, and Technical Solutions.
4. California Water Service Group (NYSE:CWT)
Dividend Yield as of March 6: 2.94%
On February 24, California Water Service Group (NYSE:CWT) announced an agreement to purchase Nexus Water Group’s water and wastewater systems in Nevada and Oregon. The deal will add about 36,000 equivalent residential connections and a combined rate base of roughly $109 million as of December 31, 2025.
Chairman and Chief Executive Officer Martin A. Kropelnicki described the acquisition as an important step for the company as it enters a milestone year. He made the following comment:
“This is a great way to kick off our centennial year. We started out serving four small California communities in 1926, and with this acquisition, we will serve roughly two million people through approximately 584,000 service connections in seven western states. We look forward to completing the transaction and integrating the systems in a way that provides opportunities for employees and excellent service to customers.”
Kropelnicki said the purchase price is about $218 million, subject to standard closing adjustments. The company plans to fund the deal using working capital and existing debt, and equity facilities. Management expects the transaction to close by the end of 2026, pending customary conditions, including approvals from the relevant public utility commissions. The company also expects the acquisition to become accretive to existing operations within a year after closing.
California Water Service Group (NYSE:CWT) serves as the parent company of regulated utilities California Water Service, Hawaii Water Service, New Mexico Water Service, and Washington Water Service, along with Texas Water Service, a utility holding company. Together, these businesses provide regulated and non-regulated water and wastewater services to more than 2.1 million people across California, Hawaii, New Mexico, Washington, and Texas.
3. H2O America (NASDAQ:HTO)
Dividend Yield as of March 6: 3.02%
On March 3, H2O America (NASDAQ:HTO) priced its previously announced public offering of 11.48 million common shares at $53 per share. The company also increased the size of the offering from what it had first announced on March 2.
Under the plan, H2O America will sell about 3.94 million shares directly. Another 7.55 million shares will be sold through forward sale agreements with JPMorgan Chase Bank and Wells Fargo Bank. The underwriters were also granted a 30-day option to purchase up to 1.72 million additional shares under the same terms. The company expects the offering to generate about $588.9 million in net proceeds. If the underwriters fully exercise their option, the total could reach around $677.2 million.
H2O America said the funds, together with debt financing, will help support the acquisition of Quadvest. The proceeds may also cover related transaction costs and support general corporate purposes. These could include acquisitions, capital investments, share repurchases, or debt repayment.
H2O America (NASDAQ:HTO), formerly known as SJW Group, operates as a national investor-owned network of local water and wastewater utilities focused on delivering clean, high-quality water to communities.
2. Consolidated Edison, Inc. (NYSE:ED)
Dividend Yield as of March 6: 3.16%
On March 4, KeyBanc raised its price recommendation on Consolidated Edison, Inc. (NYSE:ED) to $96 from $86 and maintained an Underweight rating on the shares. The firm noted that the company recently reported its fourth-quarter results and provided a broad update to investors. This included guidance for 2026, a refreshed capital plan, a long-term EPS CAGR outlook, and an updated financing plan. According to the analyst, most of these items came in largely in line with expectations.
On February 23, Consolidated Edison also announced a public offering of 7 million common shares. The shares will be sold by J.P. Morgan Securities, which is acting as the underwriter. The shares will be borrowed by a forward counterparty from third parties and then sold in the market. Under the forward sale agreement, Con Edison expects to issue and deliver the same number of shares to the counterparty once the agreement is settled. At that point, the company will receive cash based on a predetermined forward price.
The company said it plans to use the proceeds to support capital needs at its subsidiaries and for general corporate purposes. Settlement of the agreement is expected to occur by December 31, 2026. Con Edison may also choose to settle earlier, or in some cases opt for cash or net share settlement, depending on the circumstances.
Consolidated Edison, Inc. (NYSE:ED) operates as an energy-delivery company. Through its subsidiaries, including Consolidated Edison Company of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R), and Con Edison Transmission, Inc., the company provides a range of energy-related products and services to its customers.
1. Target Corporation (NYSE:TGT)
Dividend Yield as of March 6: 3.78%
On March 6, Argus analyst Christopher Graja raised the firm’s price recommendation on Target Corporation (NYSE:TGT) to $145 from $125. The firm reiterated a Buy rating on the shares.
A few days earlier, on March 3, Target’s new CEO, Michael Fiddelke, told investors he plans to restore annual sales growth. His strategy centers on spending billions to remodel stores, improve the shopping experience, and speed up deliveries as the retailer works to regain momentum. Fiddelke expanded on the company’s earlier plan, first outlined in November, to raise annual capital spending to $5 billion. He said Target will spend more than $2 billion across the business this year. That includes about $1 billion for new stores and remodels, along with another $1 billion aimed at improving the overall guest experience.
Target is also making changes on the merchandising side. Merchandising chief Cara Sylvester said the company plans to overhaul about 75% of its decorative accessories assortment. The company is also relaunching its Threshold home brand, speeding up product cycles for trendy apparel, and preparing to introduce a new Target Beauty Studio in 600 stores later this year.
Target has long relied on discretionary categories for a large share of its sales. These products account for nearly one-third of annual revenue, a higher mix than many of its competitors. In recent years, though, those categories have weighed on results as uncertain economic conditions pushed shoppers to limit spending. Under Fiddelke’s leadership, Target is focusing on refreshed merchandising and upgrades to the in-store experience to attract customers back. The company has also pledged to invest about $1 billion more in 2026 to support new stores, remodels, and improvements in same-day delivery and store order pickup.
Target expects net sales to grow about 2% in 2026. If achieved, it would mark the first annual increase after three straight years of declines. Analysts tracked by LSEG currently expect growth of about 1.76%.
Target Corporation (NYSE:TGT) operates as a general merchandise retailer, selling products through its physical stores and digital platforms. The company offers everyday essentials and differentiated merchandise at discounted prices. Most Target stores carry a wide range of general merchandise along with food products.
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