Top 5 Dividend Kings to Buy for Safe Dividend Growth

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1. Nordson Corporation (NASDAQ:NDSN)

5-Year Average Dividend Growth Rate: 16.02%

On May 29, Oppenheimer raised its price recommendation on Nordson Corporation (NASDAQ:NDSN) to $335 from $325. It reiterated an Outperform rating on the stock. The firm pointed to a strong increase in backlog, which rose 18% year over year in the second quarter and 38% year to date. Advanced Technology Solutions (ATS) was the primary driver of that backlog growth.

A few days earlier, on May 27, DA Davidson raised its price goal on Nordson to $345 from $335. It kept a Buy rating following the company’s second-quarter earnings beat and higher guidance. The firm also increased its fiscal 2026 and fiscal 2027 earnings-per-share estimates by $0.20 to $11.55 and $12.40, respectively. According to the analyst, the revisions reflect stronger-than-expected growth in the Advanced Technology Solutions segment, supported by solid dispensing demand from semiconductor applications and accelerating test and inspection (T&I) orders. DA Davidson added that demand from the automotive market also appears to be improving. As a result, Nordson is seeing more synchronized organic growth across its three operating segments.

Nordson Corporation (NASDAQ:NDSN) is a precision technology company that engineers, manufactures, and markets specialized products and systems. Its technologies are used for precision dispensing, applying, and controlling adhesives, coatings, polymers, sealants, biomaterials, and other fluids.

While we acknowledge the potential of NDSN to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NDSN and that has 100x upside potential, check out our report about the cheapest AI stock.

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