5 Dividend King Blue-Chips That Lagged the Market Are Incredible May Buys

Core Viewpoint - Dividend stocks, particularly Dividend Kings, are recommended for investors seeking reliable income and potential capital appreciation, especially as interest rates may decline in 2024 [2][3]. Group 1: Dividend Kings Overview - Dividend Kings are companies that have raised their dividends for 50 consecutive years or more, appealing to growth and income investors [3]. - The article highlights five Dividend Kings that have underperformed recently but are expected to rebound, all rated as buys by top Wall Street firms [2]. Group 2: Company Summaries - AbbVie Inc. (NYSE: ABBV): A leading pharmaceutical company with a 3.88% dividend, offering a range of treatments for autoimmune diseases, cancers, and other health conditions [4][5][6]. - Coca-Cola Co. (NYSE: KO): The world's largest beverage company with a 3.06% dividend, known for its extensive portfolio of over 500 brands and significant market presence [7]. - Kenvue Inc. (NYSE: KVUE): A consumer health company spun off from Johnson & Johnson, offering a 3.72% dividend and a diverse range of health and beauty products [9]. - Kimberly-Clark Corp. (NYSE: KMB): A consumer staples leader with a 3.98% dividend, manufacturing personal care and tissue products [10]. - Target Corp. (NYSE: TGT): A general merchandise retailer with a 3.17% dividend, offering a wide variety of products and employing a multi-channel sales strategy [12].