5 Dividend Kings To Invest In For Safe Dividend Growth

1. Lowe’s Companies, Inc. (NYSE:LOW)

5-Year Average Annual Dividend Growth Rate: 18.65%

Lowe’s Companies, Inc. (NYSE:LOW) tops our list of the best dividend kings. The home improvement retailer company has raised its dividend at an annual average rate of 18.65% over the past five years and holds a 59-year track record of dividend growth. The stock’s dividend yield on March 11 came in at 1.83%.

The number of hedge funds tracked by Insider Monkey owning stakes in Lowe’s Companies, Inc. (NYSE:LOW) grew to 68 in Q4 2023, from 63 in the previous quarter. The consolidated value of these stakes is over $3.7 billion.

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