2023 Dividend Aristocrats Listing | Up to date Day by day






Article up to date on October 2d, 2023 by way of Bob Ciura
Spreadsheet information up to date day-to-day

The Dividend Aristocrats are a choose staff of 67 S&P 500 shares with 25+ years of consecutive dividend will increase.

They’re the ‘perfect of the most efficient’ dividend enlargement shares. The Dividend Aristocrats have a protracted historical past of outperforming the marketplace.

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 dimension & liquidity necessities

There are these days 67 Dividend Aristocrats. You’ll be able to obtain an Excel spreadsheet of all 67 (with metrics that topic comparable to dividend yields and price-to-earnings ratios) by way of clicking the hyperlink under:


Disclaimer: Positive Dividend isn’t affiliated with S&P World whatsoever. S&P World owns and maintains The Dividend Aristocrats Index. The guidelines on this article and downloadable spreadsheet is in keeping with Positive Dividend’s personal evaluation, abstract, and research of the S&P 500 Dividend Aristocrats ETF (NOBL) and different assets, and is supposed to lend a hand person buyers higher perceive this ETF and the index upon which it’s primarily based. Not one of the knowledge on this article or spreadsheet is bureaucratic information from S&P World. Seek the advice of S&P World for respectable knowledge.

Notice 1: On January twenty fourth, 2023 CH Robinson International (CHRW), Nordson (NDSN), and J.M. Smucker (SJM) had been formally added to the Dividend Aristocrats without a deletions, so there at the moment are 67 Dividend Aristocrats.

Notice 2: On February seventh, V.F. Corp. (VFC) introduced a dividend minimize. VFC is formally out of the Dividend Aristocrats Index, decreasing the index depend to 67 as of March 1st, 2023.

Supply: S&P Information Releases.

You’ll be able to see detailed research on all 67 additional under on this article, in our Dividend Aristocrats In Focal point Sequence. Research contains valuation, enlargement, and aggressive benefit(s).

Desk of Contents

Find out how to Use The Dividend Aristocrats Listing To In finding Dividend Funding Concepts

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

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

All Dividend Aristocrats are fine quality companies in keeping with their lengthy dividend histories. An organization can’t pay emerging dividends for 25+ years with no need a powerful and sturdy aggressive benefit.

However now not all Dividend Aristocrats make similarly just right investments these days. That’s the place the spreadsheet on this article comes into play. You’ll be able to use the Dividend Aristocrats spreadsheet to briefly in finding high quality dividend funding concepts.

The checklist of all 67 Dividend Aristocrats is effective as it will give you a concise checklist of all S&P 500 shares with 25+ consecutive years of dividend will increase (that still meet sure minimal dimension and liquidity necessities).

Those are companies that experience each the need and talent to pay shareholders emerging dividends year-after-year. It is a uncommon aggregate.

In combination, those two standards are tough – however they aren’t sufficient. Worth will have to be thought to be as neatly.

The spreadsheet above lets you type by way of trailing price-to-earnings ratio so you’ll briefly in finding undervalued, fine quality dividend shares.

Right here’s find out how to use the Dividend Aristocrats checklist to briefly in finding fine quality dividend enlargement shares probably buying and selling at a cut price:

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

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

Step 1: Obtain the checklist, and open it.

Step 2: Follow a clear out serve as to every column within the spreadsheet.

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

Step 4: Assessment the perfect ranked Dividend Aristocrats sooner than making an investment. You’ll be able to see detailed research on each and every Dividend Aristocrat discovered under on this article.

That’s it; you’ll observe the similar process to type by way of some other metric within the spreadsheet.

Efficiency Of The Dividend Aristocrats

In September 2023, the Dividend Aristocrats, as measured by way of the Dividend Aristocrats ETF (NOBL), registered a adverse go back of five.7%. It underperformed the SPDR S&P 500 ETF (SPY) for the month.

  • NOBL generated adverse returns of five.7% in September 2023
  • SPY generated adverse returns of four.7% in September 2023

Quick-term efficiency is most commonly noise. Efficiency will have to be measured over at least 3 years, and ideally longer sessions of time.

The Dividend Aristocrats Index has relatively underperformed the wider marketplace index during the last decade, with a ten.78% general annual go back for the Dividend Aristocrats and a 11.91% general annual go back for the S&P 500 Index. However the Dividend Aristocrats have exhibited decrease chance than the benchmark, as measured by way of usual deviation.

Supply: S&P Reality Sheet

Upper general returns with decrease volatility is the ‘holy grail’ of making an investment. It’s price exploring the traits of the Dividend Aristocrats intimately to decide why they’ve carried out so neatly.

Notice that a significant portion of the outperformance relative to the S&P 500 comes all the way through recessions (2000 – 2002, 2008). Dividend Aristocrats have traditionally observed smaller drawdowns all the way through recessions as opposed to the S&P 500. This makes maintaining via recessions that a lot more straightforward. Case-in-point: In 2008 the Dividend Aristocrats Index declined 22%. That very same yr, the S&P 500 declined 38%.

Nice companies with sturdy aggressive benefits have a tendency to be in a position to generate more potent money flows all the way through recessions. This permits them to acquire marketplace percentage whilst weaker companies struggle to stick alive.

The Dividend Aristocrats Index has crushed the marketplace during the last 28 years…

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

  1. An organization that can pay dividends may be producing income or money flows in order that it could actually pay dividends to shareholders. This excludes ‘pre-earnings’ start-ups and failing companies. In brief, it excludes the riskiest shares.
  2. A trade that can pay constant dividends will 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 most probably provides to shareholder worth.
  3. Shares that pay dividends are prepared to praise shareholders with money bills. It is a signal that control is shareholder pleasant.

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

A fine quality trade will have to outperform a mediocre trade over a protracted time frame, all different issues being equivalent.

For a trade to extend its dividends for 25+ consecutive years, it will have to have or a minimum of had within the very fresh previous a powerful aggressive benefit.

Sector Evaluation

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

The highest 2 sectors by way of 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.

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

The Dividend Aristocrats Index could also be considerably underweight the Data Era sector, with a ~3% allocation in comparison with over 20% allocation throughout the S&P 500.

The Dividend Aristocrat Index is full of strong ‘previous financial system’ blue chip client merchandise companies and producers; the 3M’s (MMM), Coca-Cola’s (KO), and Johnson & Johnson’s (JNJ) of the making an investment international.

Those ‘dull’ companies aren’t more likely to generate 20%+ earnings-per-share enlargement, however in addition they are most unlikely to look huge income drawdowns as neatly.

The ten Absolute best Dividend Aristocrats Now

This analysis document examines the ten perfect Dividend Aristocrats from our Positive Research Analysis Database with the perfect 5-year ahead anticipated general returns.

Click on right here to learn the overall analysis document now. Or, use the desk under to briefly leap to research on any of the highest 10 perfect per thirty days dividend shares as ranked by way of anticipated general returns.

The Dividend Aristocrats In Focal point Research Sequence

You’ll be able to see research on each and every unmarried Dividend Aristocrat under. Each and every is looked after by way of GICS sectors and indexed in alphabetical order by way of identify. The latest Positive Research Analysis Database document for every safety is integrated as neatly.

Shopper Staples


Well being Care

Shopper Discretionary




Data Era

Actual Property


Historic Dividend Aristocrats Listing
(1989 – 2023)

The picture under presentations the historical past of the Dividend Aristocrats Index from 1989 via 2023:

Notice: CL, GPC, and NUE had been all got rid of and re-added to the Dividend Aristocrats Index in the course of the ancient length analyzed above. We’re undecided as to why. Firms created by way of a spin-off (like AbbVie) may also be Dividend Aristocrats with lower than 25 years of emerging dividends if the mother or father corporate was once a Dividend Aristocrat.

This data was once compiled from the next assets:

Steadily Requested Questions

This phase will cope with a few of maximum not unusual questions buyers have in regards to the Dividend Aristocrats.

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

Solution: WBA these days yields 8.6%.

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

Solution: The Dividend Aristocrats will have to be constituents of the S&P 500 Index, have raised their dividends for a minimum of 25 consecutive years, and fulfill quite a few liquidity necessities. The Dividend Kings handiest want to have raised their dividends for a minimum of 50 consecutive years.

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

Solution: Sure, the Dividend Aristocrats ETF (NOBL) is an exchange-traded fund that particularly holds the Dividend Aristocrats. For a extra detailed research of dividend ETFs, click on right here.

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

Solution: The Dividend Aristocrats and Dividend Champions percentage one requirement, which is that an organization will have to have raised its dividend for a minimum of 25 consecutive years.

However just like the Dividend Kings, the Dividend Champions don’t want to be within the S&P 500 Index, nor fulfill the quite a lot of liquidity necessities.

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

These days, there are 4 Dividend Aristocrats tied at 66 years: Procter & Gamble, Authentic Portions, 3M Corporate, and Dover Company.

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

At this time, the common dividend yield of the 67 Dividend Aristocrats is two.6%.

7. Are the Dividend Aristocrats protected investments?

Whilst there are by no means any promises in relation to the inventory marketplace, we consider the Dividend Aristocrats are a number of the most secure dividend shares in relation to the sustainability in their dividend payouts.

The Dividend Aristocrats have sturdy aggressive benefits that let them to boost their dividends every yr, even all the way through a recession.

Different Dividend Lists & Ultimate Ideas

The Dividend Aristocrats checklist isn’t the one method to briefly display for shares that incessantly pay emerging dividends.

There may be not anything magical concerning the Dividend Aristocrats. They’re ‘simply’ a selection of fine quality shareholder pleasant shares that experience sturdy aggressive benefits.

Buying all these shares at truthful or higher costs and maintaining for the long-run will most probably lead to favorable long-term efficiency.

Thank you for studying this text. Please ship any comments, corrections, or inquiries to give a boost to@suredividend.com.

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