A company is considered a dividend king if it has consistently raised its dividends for the past 50 years or more. According to the US Dividend Sensex index, these companies have a long history of rewarding shareholders with dividend increases and share price appreciation. The dividend kings of the S&P 500 are concentrated in the industrials, consumer staples, and utilities industries. Stocks with high dividend yields are an excellent inflation hedge. Target and Leggett & Platt are two of the best dividend kings that are also undervalued today.
Insider Monkey chose undervalued dividend kings to buy in 2022. As of 2021, FMCB’s GAAP earnings per share stood at $84.01 per share. The total revenue for the period was $182 million, an increase of 10.3% from the previous year. On January 3, 2022, shareholders who had their shares on record as of December 9, 2021 received their dividend. An increase in revenue by 13.0% year-over-year, Northwest Natural Holding Company surpassed market expectations by $23.97 million in revenue. The company reported GAAP EPS of $1.31 for the fourth quarter, which was $0.04 higher than the consensus estimate. It’s been 51 years since Universal Corporation has seen a dividend increase, and it’s still going strong. As of the 24th of February, the company’s dividend yield was 5.94 percent. Non-GAAP EPS of $1.80 was reported by Universal Corporation for the fourth quarter of 2021 on February 2. On January 26, Black Hills Corporation announced that it would pay a quarterly dividend of $0.595 per share. On March 1st, shareholders who had their dividends recorded by February 14th will receive their payout. On the 24th of February, the dividend yield of Black Hills Corporation was 3.50 percent. Leggett & Platt is an American company that manufactures bedding, furniture, flooring, and textile products. The company’s revenue came in at $1.33 billion for the third quarter, up 12.77 percent year over year and beating expectations by $47.39 million. For more details, click 10 Undervalued Dividend Kings To Buy In 2022.