In this article we discuss top dividend kings of 2021. You can also read about some of the top 30 dividend kings of 2021 in 30 Dividend Kings of 2021 (Part II).
15. Colgate-Palmolive Company (NYSE: CL)
Dividend Yield: 2.23%
New York-based Colgate is famous worldwide for its household, health care, personal care and veterinary products. The toothpaste maker increased its dividend in March for the 57th consecutive year. Colgate-Palmolive sales in the fourth quarter jumped 8.5%, crushing the analysts’ estimates of 5.4%. Adjusted operating margin in the period was 22.4%, missing the Street’s estimate of 23.4%.
Jean-Marie Eveillard’s First Eagle Investment Management owns 12.6 million shares of the company as of the end of the third quarter.
Related Article: Was The Smart Money Right About Cashing Out Of Colgate-Palmolive Company (CL)?
14. SYSCO Corporation (NYSE: SYY)
Dividend Yield: 2.35%
Texas-based Sysco deals in food products, kitchen equipment and tabletop items for restaurants, healthcare and educational facilities and hospitality businesses. The company has over 600,000 customers in several domains. Sysco became a dividend king in 2018. Earlier in February, the company posted its quarterly results, missing analysts’ forecasts for both non-GAAP EPS and revenue.
As of the end of the third quarter, 33 hedge funds tracked by Insider Monkey were bullish on Sysco, down from 42 funds a quarter earlier.
Related Article: Billionaire Nelson Peltz’s Top 5 Stock Picks
13. Emerson Electric Co. (NYSE: EMR)
Dividend Yield: 2.40%
Emerson Electric is a Fortune 500 company. It provides engineering services industrial, commercial and consumer markets. As of 2020, the company has increased its dividend consistently for 63 years. Latest media reports say that the company is considering selling its Appleton Group electrical products unit for about $1 billion.
Of the 816 hedge funds tracked by Insider Monkey, 36 held positions in EMR at the end of the third quarter.
Fiduciary Management said the following about EMR in their Q1 2020 Investor Letter:
“Emerson Electric offers a wide range of products and services primarily in the areas of Automation, HVAC & Refrigeration, and Construction. The company is comprised of Automation Solutions, Climate Technologies, and Tools & Home Products. Emerson has market-leading positions thanks to their domain knowledge, innovation (differentiated technology), and services & solutions capability to address complex challenges in critical markets. Automation Solutions enable customers to maximize production while reducing costs, and Climate Technologies improves energy efficiency, enhances comfort, and protects food quality. Although a cyclical company, nearly 40% of total sales come from the maintenance, repair and optimization portion of Automation Solutions (significant installed base). The replacement nature of Climate Technologies also helps this part of the business be less cyclical in a downturn. In addition to contingency plans in the current economic environment, the company’s balance sheet is positioned very conservatively (strong investment-grade credit) and they have plenty of liquidity. With a compelling valuation, we feel that Emerson is an attractive investment opportunity over our time horizon.”
Related Article: Is EMR A Good Stock To Buy According To Hedge Funds?
12. Procter & Gamble Co (NYSE: PG)
Dividend Yield: 2.45%
Procter & Gamble is one of the 30 dividend kings of 2021. The company has consistently increased its dividend annually for the last 64 years. In January, Stifel downgraded the stock to Hold from Buy, citing weakness in the household and personal products sector.
As of the end of the third quarter, 75 hedge funds tracked by Insider Monkey reported owning stakes in Procter & Gamble. The total value of these stakes is over $10 billion.
Related Article: Billionaire David Siegel’s Top 10 Stock Picks
11. Johnson & Johnson (NYSE: JNJ)
Dividend Yield: 2.49%
Johnson & Johnson is one of the largest pharmaceutical companies in the world. The company has a spectacular track record of dividend increases, with 58 consecutive years of dividend hikes. The company recently applied for FDA approval for its single-shot COVID-19 vaccine. The vaccine is 66% effective in protecting against the virus.
As of the end of the third quarter, 82 hedge funds tracked by Insider Monkey held stakes in Johnson & Johnson.
Click to continue reading and see the 30 Dividend Kings of 2021 (Part III).
Also check out 30 Dividend Kings of 2021 (Part I)
You can also read 10 Blue Chip Dividend Stocks Hedge Funds Are Buying and 10 Best Aggressive Stocks to Buy Now.
