The top 10 highest yielding dividend kings that will boost your passive income
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Weekly Market Update 🗒️💡
Although we saw Friday losses, indexes saw another weekly gain.
The Dow rose for a 4th straight week and closed in the green by 1.2%. The S&P and NASDAQ both saw their 4th positive week in the last 5, growing by 0.8% and 0.3%, respectively.
Some companies set to report earnings this week:
Charles Schwab
Johnson & Johnson
Goldman Sachs
Bank of America
Morgan Stanley
Tesla
Omnicom
United Airlines
Do you own any of the above?
Tweet of the Week
In today’s post, we’re going to be covering the top 10 yielding dividend kings.
Dividends kings are stocks that have increased their dividends for at least the last 50 consecutive years. That’s quite an accomplishment!
*All yields are as of the time of writing*
Altria (MO) - 8.46%
An American corporation and one of the largest producers and marketers of tobacco, cigarettes and related products. Altria maintains large minority stakes in Belgium-based brewer AB InBev, the Canadian cannabis company Cronos Group and the e-cigarette maker Juul.
Consecutive years of dividend growth: 53 years
3M (MMM) - 5.87%
An American multinational conglomerate operating in the fields of industry, worker safety, healthcare, and consumer goods. The company produces 60,000+ products under several different brands including but not limited to adhesives, laminates, fire protection, window films, healthcare software, glue and much more.
Consecutive years of dividend growth: 64 years
Federal Realty Investment Trust (FRT) - 4.43%
Federal Realty Investment Trust is a REIT that owns interests in 105 shopping centers containing 25 million square feet, 3,100 tenants, and 3,400 residential units. They buy properties in areas such as Silicon Valley, SoCal, Pheonix, Miami, Washington DC, and more Northeastern states.
Consecutive years of dividend growth: 55 years
Stanley Black and Decker (SWK) - 4.30%
A Fortune 500 American company that manufactures industrial tools and household hardware. Some of its notable brands include DeWALT, Craftsman, Irwin and more. They are the #1 world leader in the tools industry and continue to grow globally, currently being present in 60 different countries.
Consecutive years of dividend growth: 55 years