Regular Revenue Streams: Three Dividend Shares Outperforming the S&P 500

In the first quarter of 2023, several Dividend Kings have shown impressive growth, outperforming the S&P 500. Among these standouts are Nucor Corporation, Parker-Hannifin Corporation, and Walmart Inc.

Nucor Corporation, North America's largest steel manufacturer and recycler, has seen its stock increase by 24.19% year-to-date. This growth outperforms the S&P 500 by 13.64 percentage points. The company, which operates 26 steel mills and over 100 steel fabrication centers in the U.S., boasts the largest recycling operations in North America. Nucor also has a dividend payout ratio of 35.80%, indicating potential for future increases.

Parker-Hannifin Corporation, a top engineering firm and global leader in motion and control technologies, has also demonstrated strong performance. The company's stock has increased by 19.01% year-to-date, outperforming the S&P 500 by 8.46 percentage points. Parker-Hannifin Corporation enjoys a strong buy rating from analysts, with an average score of 4.50. The company's quarterly payout is $1.80, resulting in a yearly yield of 0.94%. Notably, Parker-Hannifin Corporation has a 69-year-long streak of dividend increases.

Walmart Inc., the world's largest retailer, has also had a successful quarter. The company receives over 255 million customer visits across its 10,797 physical stores and online portals each week. Walmart Inc.'s stock has increased by 11.50% year-to-date, outperforming the S&P 500 by 4.36 percentage points. Walmart Inc. also has a strong buy rating and an average score of 4.78, the highest on the list. Additionally, Walmart Inc. has increased its dividends for 52 consecutive years.

These Dividend Kings have caught the attention of investors, with their strong performance and consistent dividend increases. It's worth noting that the author did not have positions in any of the securities mentioned in this article. The article's author used a Stock Screener tool to find Dividend Kings with a current analyst rating of 4.5 to 5 (Strong Buy), annual dividend yield (forward) left blank, YTD Performance Difference From Market of 1% or more, and YTD Percent Change of 1% or more.

For more insights and analysis, you can refer to the author's Disclosure Policy, which can be found here.