There were two companies, which became dividend kings in 2013 – Colgate Palmolive (CL) and Nordson Corp (NDSN). This brings the total number of components to 17, which I believe is a record. There were no deletions in 2013, as no components cut distributions. The two new additions include:
Colgate-Palmolive Company (CL), together with its subsidiaries, manufactures and markets consumer products worldwide. The company operates in two segments: Oral, Personal and Home Care; and Pet
Nutrition. Over the past decade, the company has managed to raise dividends by 11.40%/year. Currently, shares are overvalued at 26.70 times earnings and yield 2.10%. Check my analysis of Colgate-Palmolive for more information on the company.
Nordson Corporation (NDSN) engineers, manufactures, and markets products and systems for dispensing and processing adhesives, coatings, polymers, sealants, biomaterials, fluid management, testing and inspection, surface treatment, and curing. Over the past decade, the company has managed to raise dividends by 8.10%/year. Currently, shares are overvalued at 21 times earnings and yield 1%.
Given the fact that the next companies that are close to the 50 year mark have only raised distributions for 48 years in a row, it looks like there won’t be any additions until sometime in 2016. If there is a change in the list prior to that, it would only be because a component cuts or freezes distributions.
The other components of the index include:
| Name | Symbol | Dividend Streak Yrs | 10 year Div Growth | 10 year EPS Growth | P/E | Yield |
| American States Water | AWR | 59 | 5.6% | 7.7% | 17.35 | 2.9% |
| Cincinnati Financial | CINF | 53 | 6.4% | 6.9% | 14.2 | 3.3% |
| Colgate-Palmolive Co. | CL | 50 | 11.4% | 8.9% | 26.9 | 2.1% |
| Diebold Inc. | DBD | 60 | 5.4% | -3.5% | - | 3.4% |
| Dover Corp. | DOV | 58 | 9.8% | 15.9% | 16.85 | 1.6% |
| Emerson Electric | EMR | 57 | 7.7% | 7.8% | 24.66 | 2.5% |
| Genuine Parts Co. | GPC | 57 | 6.2% | 7.0% | 18.3 | 2.6% |
| Johnson & Johnson | JNJ | 51 | 10.8% | 6.0% | 21.07 | 2.8% |
| Coca-Cola Company | KO | 51 | 9.8% | 9.4% | 20.49 | 2.8% |
| Lancaster Colony Corp. | LANC | 51 | 6.9% | 2.5% | 21.77 | 2.0% |
| Lowe's Companies | LOW | 51 | 29.2% | 10.0% | 23.28 | 1.4% |
| 3M Company | MMM | 56 | 6.8% | 9.8% | 20.69 | 2.5% |
| Nordson Corp. | NDSN | 50 | 8.1% | 20.1% | 20.72 | 1.0% |
| Northwest Natural Gas | NWN | 58 | 3.7% | 3.2% | 18.57 | 4.4% |
| Procter & Gamble Co. | PG | 57 | 10.6% | 9.6% | 20.33 | 3.0% |
| Parker-Hannifin Corp. | PH | 57 | 13.4% | 23.6% | 19.94 | 1.4% |
| Vectren Corp. | VVC | 54 | 2.5% | 1.4% | 22.61 | 4.0% |
Again, this list is not a recommendation to buy these shares. Businesses do change over time, as models are subjects to competitive pressures and constant changes in the business environment.
Relevant Articles:
- The Dividend Kings List Keeps Expanding
- Colgate-Palmolive (CL) Dividend Stock Analysis 2012
- Eleven Dividend Kings, Raising dividends for 50+ years
- A long streak of dividend growth is an indication of a business with exceptional fundamentals
- Complete List of Articles on Dividend Growth Investor
