Buy These 3 Dividend Kings For Lifetime Income

Established in 1847 by Philip Morris, Altria Group Inc (NYSE:MO) is a leader in consumer basics. It handles various nonsmoking brands and sells Marlboro cigarettes in the US. Altria holds major holdings in Cronos Group, Juul, and Anheuser-Busch InBev.  

In 2023, Altria expanded its smokeless product range by launching NJOY and On! PLUS internationally. The company launched heated tobacco products with JT. In reaction to the rapid proliferation of illegally flavored disposable e-vapor products, Altria campaigned for regulation. Altria wants to strengthen NJOY's distribution and supply chain.

Altria expects 2024 adjusted diluted EPS growth of 1%–4%, or $5–$5.15. About 80% of adjusted earnings per share are distributed as dividends. Altria pays 8.5% after 54 years of dividend growth.  

Hormel Foods Hormel Foods Corp (NYSE:HRL), founded in Minnesota in 1891, is a global food company with $19 billion in sales. Hormel sells Applegate, SPAM, and Skippy in 80 countries. Hormel's first-quarter 2024 sales was $3 billion and adjusted EPS of 41 cents from premium bacon, prepared proteins, poultry, and snacks. Hormel grows and raises dividends through acquisitions and natural expansion.  

Hormel's leading products and global distribution network provide it an edge. Hormel, earning 3.1%, has raised dividends for 58 years. The company expects 5% annual earnings growth from cost reduction and revenue increases.  

National Fuel Gas National Fuel Gas Co. (NYSE:NFG) is a diversified energy company with five segments: Exploration and Production, Pipeline and Storage, Gathering, Utility, and Energy Marketing. The largest segment is exploration and production.  

National Fuel Gas increased output 10% in the second quarter of fiscal 2024 due to strong hedging and volume growth. Analysts did not expect 16% EPS growth. Of the last 20 quarters, the company has outperformed analyst estimates 17 times.  

Nation Fuel Gas wants to grow by boosting natural gas output and pipeline length. The company has grown earnings-per-share at 4.4% annually for the past decade. It raised proven reserves by 8% and 9% in 2022 and 2023. Its balance sheet has good interest coverage and a 50% dividend payout ratio.  

National Fuel Gas is a Dividend King with 53 years of dividend increases and 3.5% yield. These Dividend Kings, with their long dividend histories and high yields, provide stable income and durability throughout economic downturns, making them appealing investments for long-term income stability.  

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