5 Top Dividend Kings to Buy and Hold Forever
While Dividend Aristocrats are members of the S&P 500 that have raised their dividends annually for at least 25 straight years, Dividend Kings are an even more impressive group of companies: the ones in the index that have hiked their dividends annually for a minimum of 50 consecutive years. Johnson & Johnson (NYSE: JNJ) raised its quarterly dividend by 6% in April to $1.01, making it 58 straight annual increases. At the current stock price, this is a 2.7% dividend yield.