Dividend Aristocrats

Dividends Companies in the S&P 500 that have grown their dividend for 25 years or more are called aristocrats. As of January 2025, 69 businesses meet this high standard. These companies are recognized for being financially strong, disciplined, and able to bounce back from setbacks. They often do better than the market when risk is taken into account.

Name Yield Fwd Div Consec Increases 1 Yr Div CAGR 5 Yr Div CAGR EPS G / EPS FY1 P/E FY1 Net Debt/EBITDA Payout Ratio
LEGGETT & PLATT, INC
LEG | Stock | Common
2.08%
$0.20
0 yrs -67.21% -34.02% 8.51%
$1.15
8.4x 2.7x 17.43%
KIMBERLY-CLARK CORPORATION
KMB | Stock | Common
3.90%
$5.04
0 yrs 3.28% 3.32% 2.72%
$7.73
16.7x 65.24%
Farmers & Merchants Bancorp
FMCB | Stock | Common
1.92%
$20.00
0 yrs -20.99% -0.62%
18.49%
3M COMPANY
MMM | Stock | Common
1.88%
$2.92
1 yrs -19.11% -13.06% 7.74%
$8.53
18.2x 1.7x 34.24%
NUCOR CORPORATION
NUE | Stock | Common
1.48%
$2.20
52 yrs 1.38% 6.41% 27.85%
$10.73
13.9x 0.4x 20.50%
The Gorman-Rupp Company
GRC | Stock | Common
1.73%
$0.74
52 yrs 2.07% 4.63% 14.53%
$2.44
17.5x 8.1x 30.29%
MIDDLESEX WATER COMPANY
MSEX | Stock | Common
2.54%
$1.36
52 yrs 3.42% 5.49% 12.42%
$2.76
19.4x 5.2x 49.28%
S&P Global Inc.
SPGI | Stock | Common
0.70%
$3.84
53 yrs 5.49% 7.46% 11.76%
$19.25
28.5x 1.7x 19.95%
TENNANT CO
TNC | Stock | Common
1.44%
$1.18
53 yrs 3.96% 5.80% 12.85%
$6.50
12.6x 1.7x 18.15%
BECTON, DICKINSON AND COMPANY
BDX | Stock | Common
2.16%
$4.16
53 yrs 6.94% 5.39% 3.32%
$14.86
13.0x 2.5x 28.00%
Walmart Inc.
WMT | Stock | Common
0.97%
$0.94
53 yrs 13.25% 5.48% 12.53%
$2.94
33.0x 1.5x 32.02%
AbbVie Inc.
ABBV | Stock | Common
3.12%
$6.56
53 yrs 5.81% 6.81% 18.34%
$14.24
14.8x 2.3x 46.06%
ARCHER-DANIELS-MIDLAND CO
ADM | Stock | Common
3.26%
$2.04
53 yrs 2.00% 7.21% 19.04%
$4.74
13.2x 2.4x 43.06%
PepsiCo, Inc.
PEP | Stock | Common
3.83%
$5.69
54 yrs 5.49% 6.93% 5.74%
$8.48
17.5x 2.3x 67.08%
ABBOTT LABORATORIES
ABT | Stock | Common
1.78%
$2.36
54 yrs 5.36% 9.05% 10.23%
$5.67
23.4x 0.5x 41.60%
Canadian Utilities Ltd. – Ordinary Shares – Class A
CDUAF | Stock | Common
4.78%
$1.33
54 yrs 1.02% 1.00% 3.76%
$1.80
15.5x 73.96%
LOWE’S COMPANIES, INC.
LOW | Stock | Common
1.86%
$4.80
54 yrs 4.40% 15.61% 7.78%
$13.25
19.5x 2.2x 36.21%
KIMBERLY-CLARK CORPORATION
KMB | Stock | Common
3.51%
$5.04
54 yrs 3.28% 3.32% 7.53%
18.8x 2.5x 61.02%
TARGET CORPORATION
TGT | Stock | Common
4.75%
$4.56
55 yrs 1.80% 11.02% 8.71%
$7.95
12.1x 2.0x 57.33%
PPG INDUSTRIES, INC.
PPG | Stock | Common
2.55%
$2.84
55 yrs 4.51% 5.77% 8.79%
$8.57
13.0x 3.2x 33.13%
Black Hills Corporation
BKH | Stock | Common
4.52%
$2.70
55 yrs 4.00% 4.50% 5.72%
$4.35
13.8x 6.4x 62.23%
W.W. Grainger, Inc.
GWW | Stock | Common
0.89%
$9.04
55 yrs 10.24% 8.25% 11.29%
$44.08
23.0x 1.1x 20.51%
UNIVERSAL CORPORATION
UVV | Stock | Common
5.86%
$3.28
56 yrs 1.24% 1.27% -2.74%
$4.61
12.1x 4.1x 71.15%
MSA SAFETY INCORPORATED
MSA | Stock | Common
1.24%
$2.12
56 yrs 5.00% 4.19% 11.04%
$8.77
19.5x 1.5x 24.17%
NATIONAL FUEL GAS COMPANY
NFG | Stock | Common
2.47%
$2.14
56 yrs 3.92% 3.67% 24.84%
$8.61
10.1x 2.4x 24.85%
ILLINOIS TOOL WORKS INC
ITW | Stock | Common
2.43%
$6.44
56 yrs 7.24% 7.07% 7.57%
$11.21
23.6x 1.7x 57.46%
Sysco Corporation
SYY | Stock | Common
2.68%
$2.16
57 yrs 4.93% 3.42% 2.92%
$4.59
17.5x 3.2x 47.06%
STEPAN COMPANY
SCL | Stock | Common
3.08%
$1.54
57 yrs 1.99% 6.39% 66.18%
$4.01
12.5x 1.3x 38.45%
H.B. Fuller Company
FUL | Stock | Common
1.54%
$0.94
57 yrs 6.30% 7.45% 13.67%
$4.78
12.8x 4.2x 19.67%
ALTRIA GROUP, INC.
MO | Stock | Common
6.31%
$4.24
57 yrs 4.00% 4.12% 3.15%
$5.60
12.0x 2.0x 75.71%

A corporation must meet the following requirements to be a Dividend Aristocrat:

  • Be on the S&P 500 list
  • Raise its dividend for more than 25 years in a row
  • Meet the minimum size and liquidity requirements.

Investors like Dividend Aristocrats because they provide steady income and are strong in the market.

  1. Steady Income: Annual increases in dividends make cash flow predictable.
  2. Protection against inflation: Dividend growth helps keep your buying power.
  3. Stability in Times of Trouble: These businesses do better than others during recessions.
  4. Less Risk: The NOBL ETF had a lower risk than the S&P 500 and returned 10.0% a year from 2015 to 2025.
  5. Wealth Compounding: Putting dividends back into the stock market increases long-term returns.

The 69 companies span multiple industries, but some sectors dominate.

  • Walmart is the largest Dividend Aristocrat ($793B market cap).
  •  Federal Realty Trust is the smallest ($7.9B).

These companies showcase why Aristocrats are trusted for long-term investing:

  1. Target Corp. (TGT) – 2,000+ stores; strong private-label growth strategy.
  2. Dover Corp. (DOV) – Diversified industrial with 35 years of dividend increases.
  3. Cincinnati Financial (CINF) – Property and casualty insurer; 26 years of dividend hikes.
  4. Genuine Parts Co. (GPC) – Runs 1,700+ NAPA stores; 35 years of dividend growth.
  5. PepsiCo (PEP) – Global consumer brands in 200+ countries; strong cash flows.
dividend aristocrats history

You can access Aristocrats in two main ways:

Buy specific companies you understand.
Screen by valuation (e.g., low P/E or PEG ratio).

The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) holds all 69 firms.
Offers instant diversification but may lag in bull markets.

Dividend Aristocrats stand out for:

  • Long-term dividend consistency
  • Exposure to high-quality sectors
  • History of outperforming with less volatility

Despite representing only a small portion of U.S. stocks, they offer income reliability and portfolio resilience that many investors seek.

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