In this article we discuss Top 5 dividend kings of 2021. If you want to take a look at our detailed analysis of the dividend investing strategy, go to 30 Dividend Kings of 2021 (Part I).
25. Parker-Hannifin Corp (NYSE: PH)
Dividend Yield: 1.31%
Ohio-based Parker-Hannifin specializes in motion and control technologies. Its products are used in aerospace, climate control, electromechanical, filtration, fluid and shielding. In fiscal second quarter, Parker posted a non-GAAP EPS of $3.44, above the Street’s estimate by $0.86. Revenue in the quarter declined by about 2.6% to reach $3.41 billion, but it still beat the consensus by $200 million.
Hedge fund sentiment increased for Parker in the third quarter. Insider Monkey’s data shows that 51 elite hedge funds held stakes in the company at the end of the third quarter, up from 39 funds a quarter earlier.
The company has increased its dividend for 64 consecutive fiscal years.