5 Dividend Zombies and Kings With Longest Dividend Payouts

In this article, we will discuss 5 dividend zombies and dividend kings with the longest dividend payouts. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 15 Dividend Zombies and Kings With Longest Dividend Payouts. 

5. UGI Corporation (NYSE:UGI)

Consecutive Years of Dividend Payments: 138
Consecutive Years of Dividend Growth: 35

UGI Corporation (NYSE:UGI) is an American natural gas and electric power distribution company. In fiscal Q1 2023, the company generated $2.76 billion in revenues, up 3.4% from the same period last year. The company has approximately $1.2 billion available in liquidity.

UGI Corporation (NYSE:UGI) is among the companies that hold the longest dividend payout streaks. The company has been raising its dividends for the past 35 years and has paid regular dividends for 138 years straight. Its current quarterly dividend stands at $0.36 per share for a dividend yield of 3.88%, as of March 7.

At the end of December 2022, 20 hedge funds tracked by Insider Monkey reported owning stakes in UGI Corporation (NYSE:UGI), worth roughly $120 million collectively.

Diamond Hill Capital mentioned UGI Corporation (NYSE:UGI) in its Q3 2022 investor letter. Here is what the firm has to say:

“UGI Corporation (NYSE:UGI), a natural gas and electric power utility, generates approximately one-third of its revenue through its European propane distribution business. The European energy market dislocation and subsequent inflation have raised fears of significant volume and price contraction, pressuring UGI’s share price. Longer term, we believe UGI’s investments into renewable/alternative energy sources position it well. In the nearer term, it should continue to have an advantage delivering fuel to rural locations that are not easily served by gas pipelines — whether that fuel is propane, liquified petroleum gas (LPG), renewable natural gas (RNG) or other alternative fuels.”

4. Consolidated Edison, Inc. (NYSE:ED)

Consecutive Years of Dividend Payments: 138
Consecutive Years of Dividend Growth: 49

A New York-based energy company, Consolidated Edison, Inc. (NYSE:ED) is just one year away from achieving its Dividend King status, as the company has been raising its payouts for the past 49 years. Moreover, it also holds one of the longest dividend payout streaks of 138 years. The company pays a quarterly dividend of $0.81 per share and has a dividend yield of 3.54%, as of March 7.

In February, Guggenheim maintained a Neutral rating on Consolidated Edison, Inc. (NYSE:ED) with an $86 price target, mentioning the company’s quarterly earnings and its updated guidance.

At the end of Q4 2022, 25 hedge funds in Insider Monkey’s database reported having investments in Consolidated Edison, Inc. (NYSE:ED), worth over $460 million collectively. Among these hedge funds, AQR Capital Management was the company’s leading stakeholder in Q4.

3. Exxon Mobil Corporation (NYSE:XOM)

Consecutive Years of Dividend Payments: 141
Consecutive Years of Dividend Growth: 40

Exxon Mobil Corporation (NYSE:XOM) is a Texas-based multinational natural gas company. In March, Wells Fargo raised its price target on the stock to $133 with an Overweight rating on the shares, appreciating the company’s modest volume growth and shareholder return.

Exxon Mobil Corporation (NYSE:XOM) pays a quarterly dividend of $0.91 per share for a dividend yield of 3.20%, as recorded on March 7. The company has a run of making regular dividend payments for 141 years and has raised its payouts for 40 years in a row. It is among the stocks with the longest dividend payout streaks.

The number of hedge funds owning stakes in Exxon Mobil Corporation (NYSE:XOM) grew to 79 in Q4 2022, from 75 a quarter earlier, according to Insider Monkey’s Q4 data. These stakes have a consolidated value of over $7.1 billion. Among these hedge funds, GQG Partners was the company’s leading stakeholder in Q4.

2. Stanley Black & Decker, Inc. (NYSE:SWK)

Consecutive Years of Dividend Payments: 146
Consecutive Years of Dividend Growth: 55

Stanley Black & Decker, Inc. (NYSE:SWK) is a Connecticut-based manufacturing company that specializes in industrial tools and household products. Barclays raised its price target on the stock to $110 in February and maintained an Overweight rating on the shares, appreciating the company’s free cash flow recovery in 2022.

On February 15, Stanley Black & Decker, Inc. (NYSE:SWK) declared a quarterly dividend of $0.80 per share, which fell in line with its previous dividend. The company is among the stocks with the longest dividend payout streaks, as it has paid dividends for 146 years consecutively. Moreover, the company has raised its dividends for 55 years in a row. The stock’s dividend yield on March 7 came in at 3.76%.

At the end of Q4 2022, 25 hedge funds in Insider Monkey’s database owned stakes in Stanley Black & Decker, Inc. (NYSE:SWK), compared with 26 a quarter earlier. These stakes have a consolidated value of roughly $494 million.

1. The York Water Company (NASDAQ:YORW)

Consecutive Years of Dividend Payments: 206
Consecutive Years of Dividend Growth: 26

The York Water Company (NASDAQ:YORW) is an American water services company. The company holds the longest dividend payout record of 206 years. It has also been raising its dividends consistently for the past 26 years. The company pays a quarterly dividend of $0.2027 per share and has a dividend yield of 1.86%, as of March 7.

At the end of Q4 2022, 9 hedge funds tracked by Insider Monkey reported owning stakes in The York Water Company (NASDAQ:YORW), the same as in the previous quarter. These stakes have a consolidated value of $47.3 million.

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