5 Future Dividend Kings in the Next 5 Years or Less

2. Automatic Data Processing, Inc. (NASDAQ:ADP)

Consecutive Years of Dividend Growth: 49

Automatic Data Processing, Inc. (NASDAQ:ADP) specializes in human capital management solutions. On April 3, the company announced a quarterly dividend of $1.40 per share, which was in line with its previous dividend. With a dividend growth streak of 49 years, ADP is just one year away from becoming one of the best dividend kings. As of May 8, the stock has a dividend yield of 2.32%.

At the end of December 2023, 54 hedge funds, up from 50 in the previous quarter, owned stakes in Automatic Data Processing, Inc. (NASDAQ:ADP), as per Insider Monkey’s database. The consolidated value of these stakes is more than $3 billion. With over 5.8 million shares, Fundsmith LLP was the company’s leading stakeholder in Q4.

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