In September 2024, the Dividend Aristocrats, as tracked by the ProShares S&P 500 Dividend Aristocrats ETF (NOBL), demonstrated solid performance but underperformed the broader market, represented by the S&P 500 (SPY), over the past year and year-to-date. Despite this, the Aristocrats’ focus on companies with 25+ years of consecutive dividend increases continues to offer a…
Introduction to Fastenal Company (FAST) Fastenal Company (FAST) is a prominent industrial and construction supply distributor headquartered in the United States. Founded in 1967, Fastenal has grown into a global leader in its industry, providing a wide range of products, including fasteners, safety equipment, tools, and industrial supplies. The company is well-regarded for its innovative…
Walgreens Boots Alliance (WBA), once a staple of the Dividend Aristocrats, lost its coveted status in 2024, signaling a significant shift in the company’s financial priorities. The Dividend Aristocrats list comprises S&P 500 companies that have consistently increased their dividends for 25 consecutive years or more. For Walgreens, breaking this streak marked the end of…
Here are the 2024 changes to the Dividend Aristocrats Index made by S&P Global based on the annual rebalancing results. On January 24th, 2024, Fastenal (FAST) was added to the list while Walgreens Boots Alliance (WBA) was removed, leaving 66 Dividend Aristocrats. Source: S&P News Releases. See all Dividend aristocrats’ changes since 2009.