5 Dividend Kings to Buy and Forget

Core Insights - Dividend Kings are companies that have increased their dividends for 50 consecutive years or more, showcasing resilience and long-term potential [1] Group 1: Lowe's Companies (LOW) - Lowe's has achieved 62 years of consecutive dividend growth, making it a standout Dividend King [2] - The company operates over 1,700 stores in the U.S. and has invested in e-commerce, which supports its earnings despite market conditions [2] - Lowe's dividend payout ratio is 35%, supported by strong free cash flow, and it paid out $673 million in dividends in the third quarter [3] - The stock has a "Moderate Buy" rating, with 17 out of 28 analysts rating it as a "Strong Buy" and a mean target price of $277.76, indicating a 26.5% upside potential [4] Group 2: PepsiCo (PEP) - PepsiCo has over 52 consecutive years of dividend increases, making it a reliable Dividend King in the consumer staples sector [5] - The company benefits from a diverse range of beverages and snacks, allowing for steady revenue growth [5] - PepsiCo's dividend yield is 3.9%, significantly higher than the consumer staples average of 1.9%, with a payout ratio of 70.6% [5][6] - The stock has a "Moderate Buy" rating, with six out of 21 analysts rating it as a "Strong Buy" and a mean target price of $156.10, indicating a 4.9% upside potential [7]