This Dividend King Just Raised Its Payout for the 50th Time

There are currently just 56 "Dividend Kings," or stocks with more than 50 years of consecutive dividend growth. However, in the coming years many more companies will join this elite group. Some major names, like McDonald's, are just a few quarters away from reaching dividend king status.In the meantime, however, there is a large-cap blue chip stock that has just attained this status: Pentair (NYSE: PNR). Better yet, alongside reaching this milestone, the water solutions company has made another announcement that may bode well for long-term investors.On Dec. 15, Pentair announced that it was raising its quarterly dividend by 8%, from 25 cents to 27 cents per share. Shareholders of record as of Jan. 23, 2026 will receive this newly increased dividend on Feb. 6, 2026. As noted in the press release, 2026 marks the 50th consecutive year that the company has increased its dividend.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool