2024 Dividend Aristocrats List | Updated Daily | All 66 Analyzed

Article up to date on November 1st, 2024 by Bob Ciura
Spreadsheet knowledge up to date each day

The Dividend Aristocrats are a choose group of 66 S&P 500 shares with 25+ years of consecutive dividend will increase.

They’re the ‘better of the perfect’ dividend progress shares. The Dividend Aristocrats have an extended historical past of outperforming the market.

The necessities to be a Dividend Aristocrat are:

• Be within the S&P 500
• Have 25+ consecutive years of dividend will increase
• Meet sure minimal measurement & liquidity necessities

There are at the moment 66 Dividend Aristocrats. You possibly can obtain an Excel spreadsheet of all 66 (with metrics that matter akin to dividend yields and price-to-earnings ratios) by clicking the hyperlink under:

 

Disclaimer: Certain Dividend isn’t affiliated with S&P World in any method. S&P World owns and maintains The Dividend Aristocrats Index. The knowledge on this article and downloadable spreadsheet relies on Certain Dividend’s personal overview, abstract, and evaluation of the S&P 500 Dividend Aristocrats ETF (NOBL) and different sources, and is supposed to assist particular person buyers higher perceive this ETF and the index upon which it’s based mostly. Not one of the data on this article or spreadsheet is official knowledge from S&P World. Seek the advice of S&P World for official data.

Notice 1: On January twenty fourth, 2024, Fastenal (FAST) was added to the checklist whereas Walgreens Boots Alliance (WBA) was eliminated, leaving 66 Dividend Aristocrats.

Supply: S&P Information Releases.

You possibly can see detailed evaluation on all 66 additional under on this article, in our Dividend Aristocrats In Focus Collection. Evaluation consists of valuation, progress, and aggressive benefit(s).

Desk of Contents

Easy methods to Use The Dividend Aristocrats Listing To Discover Dividend Funding Concepts

The downloadable Dividend Aristocrats Excel Spreadsheet Listing above incorporates the next for every inventory within the index:

• Worth-to-earnings ratio
• Dividend yield
• Market capitalization

All Dividend Aristocrats are high-quality companies based mostly on their lengthy dividend histories. An organization can not pay rising dividends for 25+ years with out having a robust and sturdy aggressive benefit.

However not all Dividend Aristocrats make equally good investments at present. That’s the place the spreadsheet on this article comes into play. You need to use the Dividend Aristocrats spreadsheet to shortly discover high quality dividend funding concepts.

The checklist of all 66 Dividend Aristocrats is effective as a result of it provides you a concise checklist of all S&P 500 shares with 25+ consecutive years of dividend will increase (that additionally meet sure minimal measurement and liquidity necessities).

These are companies which have each the want and capability to pay shareholders rising dividends year-after-year. This can be a uncommon mixture.

Collectively, these two standards are highly effective – however they don’t seem to be sufficient. Worth have to be thought of as nicely.

The spreadsheet above means that you can type by trailing price-to-earnings ratio so you possibly can shortly discover undervalued, high-quality dividend shares.

Right here’s the way to use the Dividend Aristocrats checklist to shortly discover high-quality dividend progress shares doubtlessly buying and selling at a reduction:

1. Obtain the checklist
2. Type by ‘Trailing PE Ratio,’ smallest to largest
3. Analysis the highest shares additional

Right here’s how to do that shortly within the spreadsheet:

Step 1: Obtain the checklist, and open it.

Step 2: Apply a filter perform to every column within the spreadsheet.

Step 3: Click on on the small grey down arrow subsequent to ‘Trailing P/E Ratio’, after which type smallest to largest.

Step 4: Overview the very best ranked Dividend Aristocrats earlier than investing. You possibly can see detailed evaluation on each Dividend Aristocrat discovered under on this article.

That’s it; you possibly can comply with the identical process to type by another metric within the spreadsheet.

Efficiency Of The Dividend Aristocrats

In October 2024, the Dividend Aristocrats, as measured by the Dividend Aristocrats ETF (NOBL), registered a unfavourable return of -3.1%. It under-performed the SPDR S&P 500 ETF (SPY) for the month.

• NOBL generated returns of -3.1% in October 2024
• SPY generated returns of -0.9% in October 2024

Brief-term efficiency is usually noise. Efficiency needs to be measured over a minimal of three years, and ideally longer durations of time.

The Dividend Aristocrats Index has barely under-performed the broader market index over the past decade, with a ten.62% complete annual return for the Dividend Aristocrats and a 13.0% complete annual return for the S&P 500 Index.

However the Dividend Aristocrats have exhibited decrease threat than the benchmark, as measured by customary deviation.

Supply: S&P Truth Sheet

Greater complete returns with decrease volatility is the ‘holy grail’ of investing. It’s price exploring the traits of the Dividend Aristocrats intimately to find out why they’ve carried out so nicely.

Notice {that a} good portion of the outperformance relative to the S&P 500 comes throughout recessions (2000 – 2002, 2008). Dividend Aristocrats have traditionally seen smaller drawdowns throughout recessions versus the S&P 500. This makes holding by means of recessions that a lot simpler.

Case-in-point: In 2008 the Dividend Aristocrats Index declined 22%. That very same yr, the S&P 500 declined 38%.

Nice companies with robust aggressive benefits have a tendency to have the ability to generate stronger money flows throughout recessions. This permits them to achieve market share whereas weaker companies combat to remain alive.

The Dividend Aristocrats Index has crushed the market over the past 28 years…

We imagine dividend paying shares outperform non-dividend paying shares for 3 causes:

1. An organization that pays dividends is prone to be producing earnings or money flows in order that it may well pay dividends to shareholders. This excludes ‘pre-earnings’ start-ups and failing companies. In brief, it excludes the riskiest shares.
2. A enterprise that pays constant dividends have to be extra selective with the expansion tasks it takes on as a result of a portion of its money flows are being paid out as dividends. Scrutinizing over capital allocation selections doubtless provides to shareholder worth.
3. Shares that pay dividends are keen to reward shareholders with money funds. This can be a signal that administration is shareholder pleasant.

In our view, Dividend Aristocrats have traditionally outperformed the market and different dividend paying shares as a result of they’re, on common, higher-quality companies.

A high-quality enterprise ought to outperform a mediocre enterprise over an extended time period, all different issues being equal.

For a enterprise to extend its dividends for 25+ consecutive years, it will need to have or at the least had within the very latest previous a robust aggressive benefit.

Sector Overview

A sector breakdown of the Dividend Aristocrats Index is proven under:

The highest 2 sectors by weight within the Dividend Aristocrats are Industrials and Shopper Staples. The Dividend Aristocrats Index is tilted towards Shopper Staples and Industrials relative to the S&P 500.

These 2 sectors make up over 40% of the Dividend Aristocrats Index, however lower than 20% of the S&P 500.

The Dividend Aristocrats Index can be considerably underweight the Data Know-how sector, with a ~3% allocation in contrast with over 20% allocation throughout the S&P 500.

The Dividend Aristocrat Index is stuffed with steady ‘outdated financial system’ blue chip client merchandise companies and producers; the Coca-Cola’s (KO), and Johnson & Johnson’s (JNJ) of the investing world.

These ‘boring’ companies aren’t prone to generate 20%+ earnings-per-share progress, however in addition they are most unlikely to see giant earnings drawdowns as nicely.

The ten Greatest Dividend Aristocrats Now

This analysis report examines the ten greatest Dividend Aristocrats from our Certain Evaluation Analysis Database with the very best 5-year ahead anticipated complete returns.

Dividend Aristocrat #10: Medtronic plc (MDT)

• 5-year Anticipated Annual Returns: 10.6%

Medtronic is the biggest producer of biomedical gadgets and implantable applied sciences on the earth. It serves physicians, hospitals, and sufferers in additional than 150 nations and has over 90,000 staff.

Medtronic has 4 working segments: Cardiovascular, Medical Surgical, Neuroscience and Diabetes. Medtronic has raised its dividend for 46 consecutive years.

In mid-August, Medtronic reported (8/20/24) monetary outcomes for the primary quarter of fiscal yr 2025. Natural income grew 5% over the prior yr’s quarter due to broad-based progress in all of the 4 segments. Earnings-per-share grew 2.5%, from $1.20 to $1.23, and exceeded the analysts’ consensus by $0.03.

As Medtronic carried out barely higher than anticipated within the first quarter, it marginally raised its steerage for fiscal 2025. It expects 4.5%-5.0% natural income progress and raised its steerage for earnings-per-share from $5.40-$5.50 to $5.42-$5.50. Accordingly, we’ve raised our forecast from $5.45 to $5.46.

Click on right here to obtain our most up-to-date Certain Evaluation report on MDT (preview of web page 1 of three proven under):

Dividend Aristocrat #9: Becton, Dickinson & Co. (BDX)

• 5-year Anticipated Annual Returns: 10.7%

Becton, Dickinson & Co., or BD, is a world chief within the medical provide trade. The corporate was based in 1897 and has 75,000 staff throughout 190 nations. The corporate generates about $20 billion in annual income, with roughly 43% of revenues coming from outdoors of the U.S.

On August 1st, 2024, BD introduced earnings outcomes for the third quarter of fiscal yr 2024, which ended June thirtieth, 2024. For the quarter, income grew 2.3% to $5.1 billion, which $87 million under estimates.

On a foreign money impartial foundation, income elevated 2.9%. Adjusted earnings-per-share of $3.50 in contrast favorably to $2.96 within the prior yr and was $0.19 above expectations.

For the quarter, U.S. grew 4.3% whereas worldwide was up 1.1% (down 0.3% on a reported foundation). Natural progress was 5.2% for the interval. The Medical phase grew 5.6% to $2.56 billion as all companies had been up year-over-year as soon as once more.

Click on right here to obtain our most up-to-date Certain Evaluation report on BDX (preview of web page 1 of three proven under):

Dividend Aristocrat #8: Automated Knowledge Processing (ADP)

• 5-year Anticipated Annual Returns: 10.7%

Automated Knowledge Processing is among the largest enterprise companies outsourcing firms on the earth. The corporate gives payroll companies, human assets expertise, and different enterprise operations to greater than 700,000 company prospects.

Supply: Investor Presentation

ADP posted fourth quarter and full-year earnings on July thirty first, 2024, and outcomes had been higher than anticipated on each the highest and backside traces. Adjusted earnings-per-share got here to $2.09, which was three cents forward of estimates. Income for the quarter was up 6.5% year-over-year to $4.77 billion, beating expectations by $30 million.

Employe Providers income was $3.22 billion, up 7% year-over-year. Section earnings had been up 14% to $1.06 billion, a margin of 33% of income. That was up 220 foundation factors from the identical interval a yr in the past.

PEO Providers income was up 6% to $1.55 billion, however earnings declined 10% to $208 million. Section margin declined from 15.8% of income to 13.4%.

Click on right here to obtain our most up-to-date Certain Evaluation report on ADP (preview of web page 1 of three proven under):

Dividend Aristocrat #7: Hormel Meals (HRL)

• 5-year Anticipated Annual Returns: 10.8%

Hormel Meals was based in 1891 in Minnesota. Since that point, the corporate has grown right into a juggernaut within the meals merchandise trade with over $12 billion in annual income.

Hormel has saved its core competency as a processor of meat merchandise for nicely over 100 years however has additionally grown into different enterprise traces by means of acquisitions.

The corporate sells its merchandise in 80 nations worldwide, and its manufacturers embrace Skippy, SPAM, Applegate, Justin’s, and greater than 30 others.

As well as, Hormel is a member of the Dividend Kings, having elevated its dividend for 58 consecutive years.

Hormel posted third quarter earnings on September 4th, 2024, and outcomes had been combined. Adjusted earnings-per-share got here to 37 cents, which was a penny forward of estimates. Income was off 2% to $2.9 billion, lacking estimates by $60 million. Quantity was 1.02 billion kilos.

Administration lowered steerage for the yr on account of a few elements. First, the corporate’s Suffolk, Virginia facility had a shutdown from a listeria-related recall, in addition to decrease costs for turkey and pork.

With these in thoughts, income steerage was decreased from the prior vary of $12.2 billion to $12.5 billion to the brand new vary of $11.8 billion to $12.1 billion. Revenue steerage was roughly unchanged.

Click on right here to obtain our most up-to-date Certain Evaluation report on HRL (preview of web page 1 of three proven under):

Dividend Aristocrat #6: S&P World Inc. (SPGI)

• 5-year Anticipated Annual Returns: 10.9%

S&P World is a worldwide supplier of monetary companies and enterprise data and income of over $13 billion. By means of its numerous segments, it gives credit score scores, benchmarks and indices, analytics, and different knowledge to commodity market contributors, capital markets, and automotive markets.

S&P World has paid dividends constantly since 1937 and has elevated its payout for 51 consecutive years.

S&P World posted second quarter earnings on July thirtieth, 2024, and outcomes had been significantly better than anticipated on each the highest and backside traces. Adjusted earnings-per-share got here to $4.04, which was 39 cents higher than estimates.

Earnings had been up from $3.12 per share in final yr’s Q2. Income soared 14.5% year-over-year to $3.55 billion, $140 million higher than anticipated. Administration additionally boosted steerage, and we’ve raised our estimate accordingly.

Bills had been $2.11 billion, the identical as Q1, and up fractionally from final yr’s Q2. Given income rose sharply, working revenue soared from $1.44 billion to $1.81 billion.

Income progress was strongest within the Scores enterprise, which noticed income rise from $851 million to $1.14 billion yr over-year. The Market Intelligence enterprise continues to be the biggest phase, however solely simply, as income rose modestly yr over-year.

Click on right here to obtain our most up-to-date Certain Evaluation report on SPGI: (preview of web page 1 of three proven under):

Dividend Aristocrat #5: PepsiCo Inc. (PEP)

• 5-year Anticipated Annual Returns: 12.4%

PepsiCo is a world meals and beverage firm that generates $89 billion in annual gross sales. The corporate’s merchandise embrace Pepsi, Mountain Dew, Frito-Lay chips, Gatorade, Tropicana orange juice and Quaker meals. The corporate has greater than 20 $1 billion manufacturers in its portfolio.

Its enterprise is break up roughly 60-40 when it comes to meals and beverage income. It is usually balanced geographically between the U.S. and the remainder of the world.

Supply: Investor Presentation

On July eleventh, 2024, PepsiCo introduced second quarter outcomes for the interval ending June thirtieth, 2024. For the quarter, income grew 0.8% to $22.5 billion, however this was $100 million lower than anticipated. Adjusted earnings-per-share of $2.28 in contrast favorably to $2.09 within the prior yr and was $0.12 above estimates. Forex trade decreased income and earnings-per-share by ~1%.

Natural gross sales had been up 1.9% for the second quarter and a couple of.3% year-to-date. Beverage quantity was as soon as once more flat whereas snack and comfort meals quantity fell 2%. PepsiCo Drinks North America’s income grew 1% organically as increased costs greater than offset a 3% decline in quantity.

Click on right here to obtain our most up-to-date Certain Evaluation report on PEP (preview of web page 1 of three proven under):

Dividend Aristocrat #4: Archer Daniels Midland (ADM)

• 5-year Anticipated Annual Returns: 12.7%

Archer-Daniels-Midland is the biggest publicly traded farmland product firm in the USA. Archer-Daniels-Midland’s companies embrace processing cereal grains, oilseeds, and agricultural storage and transportation.

Archer-Daniels-Midland reported its second-quarter outcomes for Fiscal Yr (FY) 2024 on July thirtieth, 2024. The corporate recorded web earnings of $486 million, with adjusted web earnings at $508 million. Earnings earlier than taxes had been $596 million, whereas adjusted phase working revenue reached $1,021 million.

The Ag Providers & Oilseeds phase was impacted by giant South American crops and adjustments in farmer promoting behaviors, however enhancements in different segments like Carbohydrate Options and Diet confirmed stable efficiency.

Within the second quarter of 2024, ADM’s earnings earlier than taxes decreased by 47% in comparison with the earlier yr, largely on account of decrease pricing and better company prices.

Click on right here to obtain our most up-to-date Certain Evaluation report on ADM (preview of web page 1 of three proven under):

Dividend Aristocrat #3: Goal Company (TGT)

• 5-year Anticipated Annual Returns: 12.9%

Goal was based in 1902 and now operates about 1,850 large field shops, which provide basic merchandise and meals, in addition to serving as distribution factors for the corporate’s e-commerce enterprise.

Goal posted second quarter earnings on August twenty first, 2024, and outcomes had been fairly robust, sending the inventory leaping after the report. Adjusted earnings-per-share got here to $2.57, which was 39 cents forward of estimates. Income was up 2.7% year-over-year to $25.45 billion, which beat by $240 million.

Comparable gross sales had been up 2% year-over-year, making up a lot of the complete gross sales achieve. Consensus was for a achieve of 1.1%. Site visitors was up 3% year-over-year with all six core merchandising classes seeing constructive progress. Digital comparable gross sales had been up 8.7%, as soon as once more driving progress.

Goal has grown its dividend for greater than 5 a long time, making it a Dividend King. The corporate is investing closely in its enterprise with the intention to navigate by means of the altering panorama within the retail sector. The payout is now 47% of earnings for this yr,

Click on right here to obtain our most up-to-date Certain Evaluation report on TGT (preview of web page 1 of three proven under):

Dividend Aristocrat #2: Sysco Company (SYY)

• 5-year Anticipated Annual Returns: 13.6%

Sysco Company is the biggest wholesale meals distributor in the USA. The corporate serves 600,000 areas with meals supply, together with eating places, hospitals, faculties, lodges, and different services.

Supply: Investor Presentation

On July thirtieth, 2024, Sysco reported fourth-quarter outcomes for Fiscal Yr (FY) 2024. For the fourth quarter, the corporate noticed a 4.2% enhance in gross sales and a 3.5% rise in U.S. Foodservice quantity.

Gross revenue grew by 4.2% to $3.8 billion, and working earnings elevated by 1.2% to $977 million, with adjusted working earnings climbing 6.4% to $1.1 billion.

Nevertheless, EBITDA decreased by 7.7% to $1.2 billion, whereas adjusted EBITDA went up by 5.4% to $1.3 billion. Earnings per share (EPS) fell by 14.6% to $1.23, whereas adjusted EPS rose by 3.7% to $1.39.

Click on right here to obtain our most up-to-date Certain Evaluation report on SYY (preview of web page 1 of three proven under):

Dividend Aristocrat #1: PPG Industries (PPG)

• 5-year Anticipated Annual Returns: 14.6%

PPG Industries is the world’s largest paints and coatings firm. Its solely rivals of comparable measurement are Sherwin-Williams and Dutch paint firm Akzo Nobel.

PPG Industries was based in 1883 as a producer and distributor of glass (its identify stands for Pittsburgh Plate Glass) and at present has roughly 3,500 technical staff situated in additional than 70 nations at 100 areas.

On July 18th, 2024, PPG Industries introduced second quarter outcomes for the interval ending June thirtieth, 2024. For the quarter, income decreased 1.6% to $4.79 billion, which was $130 million lower than anticipated.

Supply: Investor Presentation

Adjusted web earnings of $590 million, or $2.50 per share, in contrast favorably to adjusted web earnings of $534 million, or $2.25 per share, within the prior yr. Adjusted earnings-per-share was $0.02 above estimates.

Second quarter natural income progress was flat in comparison with the prior yr. Efficiency Coatings income of $3.048 billion was basically unchanged from final yr.

Click on right here to obtain our most up-to-date Certain Evaluation report on PPG (preview of web page 1 of three proven under):

The Dividend Aristocrats In Focus Evaluation Collection

You possibly can see evaluation on each single Dividend Aristocrat under. Every is sorted by GICS sectors and listed in alphabetical order by identify. The most recent Certain Evaluation Analysis Database report for every safety is included as nicely.

Shopper Staples

Industrials

Well being Care

Shopper Discretionary

Financials

Supplies

Vitality

Data Know-how

Actual Property

Utilities

Historic Dividend Aristocrats Listing
(1989 – 2024)

The picture under exhibits the historical past of the Dividend Aristocrats Index from 1989 by means of 2023:

Notice: CL, GPC, and NUE had been all eliminated and re-added to the Dividend Aristocrats Index by means of the historic interval analyzed above. We’re not sure as to why. Firms created through a spin-off (like AbbVie) could be Dividend Aristocrats with lower than 25 years of rising dividends if the mum or dad firm was a Dividend Aristocrat.

Disclaimer: Certain Dividend isn’t affiliated with S&P World in any method. S&P World owns and maintains The Dividend Aristocrats Index. The knowledge on this article and downloadable spreadsheet and picture under relies on Certain Dividend’s personal overview, abstract, and evaluation of the S&P 500 Dividend Aristocrats ETF (NOBL) and different sources, and is supposed to assist particular person buyers higher perceive this ETF and the index upon which it’s based mostly. Not one of the data on this article or spreadsheet is official knowledge from S&P World. Seek the advice of S&P World for official data.

[memberful_if_does_not_have_active_subscription]

[/memberful_if_does_not_have_active_subscription]
[memberful_if_has_active_subscription]

[/memberful_if_has_active_subscription]

This data was compiled from the next sources:

Incessantly Requested Questions

This part will tackle a few of commonest questions buyers have concerning the Dividend Aristocrats.

1. What’s the highest-paying Dividend Aristocrat?

Reply: Franklin Sources (BEN) at the moment yields 6.0%.

2. What’s the distinction between the Dividend Aristocrats and the Dividend Kings?

Reply: The Dividend Aristocrats have to be constituents of the S&P 500 Index, have raised their dividends for at the least 25 consecutive years, and fulfill quite a lot of liquidity necessities.

The Dividend Kings solely have to have raised their dividends for at the least 50 consecutive years.

3. Is there an ETF that tracks the Dividend Aristocrats?

Reply: Sure, the Dividend Aristocrats ETF (NOBL) is an exchange-traded fund that particularly holds the Dividend Aristocrats.

4. What’s the distinction between the Dividend Aristocrats and the Dividend Champions?

Reply: The Dividend Aristocrats and Dividend Champions share one requirement, which is that an organization will need to have raised its dividend for at the least 25 consecutive years.

However just like the Dividend Kings, the Dividend Champions don’t must be within the S&P 500 Index, nor fulfill the varied liquidity necessities.

5. Which Dividend Aristocrat has the longest energetic streak of annual dividend will increase?

Presently, there are 3 Dividend Aristocrats tied at 67 years: Procter & Gamble, Real Elements, and Dover Company.

6. What’s the common dividend yield of the Dividend Aristocrats?

Proper now, the typical dividend yield of the Dividend Aristocrats is 2.0%.

7. Are the Dividend Aristocrats secure investments?

Whereas there are by no means any ensures with regards to the inventory market, we imagine the Dividend Aristocrats are among the many most secure dividend shares with regards to the sustainability of their dividend payouts.

The Dividend Aristocrats have sturdy aggressive benefits that permit them to boost their dividends every year, even throughout a recession.

Different Dividend Lists & Ultimate Ideas

The Dividend Aristocrats checklist isn’t the one solution to shortly display screen for shares that recurrently pay rising dividends.

• The Dividend Kings Listing is much more unique than the Dividend Aristocrats. It’s comprised of 53 shares with 50+ years of consecutive dividend will increase.
• The Blue Chip Shares Listing: shares that qualify as Dividend Achievers, Dividend Aristocrats, and/or Dividend Kings
• The Excessive Dividend Shares Listing: shares that enchantment to buyers within the highest yields of 5% or extra.
• The Month-to-month Dividend Shares Listing: shares that pay dividends each month, for 12 dividend funds per yr.

There’s nothing magical in regards to the Dividend Aristocrats. They’re ‘simply’ a set of high-quality shareholder pleasant shares which have robust aggressive benefits.

Buying a majority of these shares at honest or higher costs and holding for the long-run will doubtless end in favorable long-term efficiency.