12 Best Dividend Kings to Buy For Safe Dividend Growth

2. Nordson Corporation (NASDAQ:NDSN)

5-Year Average Annual Dividend Growth Rate: 15.18%

Nordson Corporation (NASDAQ:NDSN) is an American multinational manufacturing company that designs and produces dispensing equipment used for applying adhesives, sealants, coatings, and other materials. Founded in 1956 and based in Ohio, Nordson operates through two key segments: Industrial Precision Solutions (IPS) and Advanced Technology Solutions (ATS), providing precision technology products to its customers.

In fiscal Q1 2025, Nordson Corporation (NASDAQ:NDSN) reported mixed financial results. Quarterly revenue was $615.4 million, a 2.8% decline compared to the same period last year. While acquisitions contributed an 8% boost to sales, this was offset by a 9% drop in organic sales and a 2% negative impact from currency fluctuations. Net income for the quarter was $95 million, or $1.65 per diluted share, down from $110 million, or $1.90 per diluted share, in the prior year.

Nordson Corporation (NASDAQ:NDSN)  currently pays a quarterly dividend of $0.78 per share and has a dividend yield of 1.77%, as of April 4. By the end of the quarter, the company had $130.4 million in cash and cash equivalents, up from $116 million a year ago. The company generated $160 million in operating cash flow for the quarter, with free cash flow totaling $137.7 million. Thanks to this solid cash position, the company increased its payouts for 61 years in a row.