The stock market continues its downward trend, punctuated by occasional up days. For example, the Dow Jones Industrial Averages (DJIA) is down about eight weeks
Category: Dividend Kings
The Dividend Kings are stocks on U.S. stock exchanges that have increased their dividends for at least 50 consecutive years. To attain the 50-year mark is not an easy task and the list of Dividend Kings is a very select one. Only a few dozen stocks are on the list. This number is out of nearly 6,000 companies listed on NYSE and NASDAQ.
The number of companies on the list tends to rise annually as more companies achieve the 50-year mark. Occasionally, a stock is removed from the list because they cut or suspend their dividend.
Many of the stocks are well-known by investors. The list includes companies like Coca-Cola (KO), Johnson & Johnson (JNJ), and 3M Company (MMM).
The home improvement retail industry is not very fragmented. Instead, it is effectively an oligopoly, with Lowe’s (LOW) vs Home Depot (HD) and being the