Dividend Aristocrats List

The Dividend Aristocrats list is a select group of companies in the S&P 500 Index that have increased dividends every year for the last 25 straight years. These US companies that have historically provided (slightly) better performance and (slightly) lower volatility than the S&P 500 as a whole and a great source for dividend investors. See data on all US Dividend Aristocrats in the table below.

Ticker:

Beta:

Dividend Yield (%):

P/E Ratio:

5 year Dividend Growth (%):

10 year Dividend Growth (%):

Name	Ticker	Sector	Beta	Valuation	Dividend Yield (%)	P/E Ratio	3 year Dividend Growth (%)	5 year Dividend Growth (%)	10 year Dividend Growth (%)	Dividend increased years
NextEra Energy, Inc	NEE	Utilities	0.65 Low	May be undervalued Current dividend yield is 96% above its 5-year average	2.06	45.51	11.53	12.10	10.84	25
V.F. Corp.	VFC	Consumer Cyclical	1.01 Average	May be undervalued Current dividend yield is 72% above its 5-year average	4.09	16.18	1.39	5.19	12.08	47
Stanley Black & Decker	SWK	Industrials	0.96 Average	May be undervalued Current dividend yield is 68% above its 5-year average	2.82	14.88	4.92	5.69	6.15	52
McCormick & Co.	MKC	Consumer Defensive	0.32 Very low	May be undervalued Current dividend yield is 61% above its 5-year average	1.61	34.37	9.28	9.57	9.23	33
3M Company	MMM	Industrials	0.59 Low	May be undervalued Current dividend yield is 49% above its 5-year average	4.42	14.66	2.86	5.92	10.41	61
Walgreens Boots Alliance	WBA	Consumer Defensive	0.71 Low	May be undervalued Current dividend yield is 42% above its 5-year average	4.51	6.55	4.00	5.15	8.98	43
The Clorox Company	CLX	Consumer Defensive	0.22 Very low	May be undervalued Current dividend yield is 36% above its 5-year average	3.26	67.83	6.87	7.65	7.04	41
T. Rowe Price Group	TROW	Financial Services	1.35 High	May be undervalued Current dividend yield is 34% above its 5-year average	3.70	11.19	37.76	27.65	19.43	33
Medtronic plc	MDT	Healthcare	0.63 Low	May be undervalued Current dividend yield is 33% above its 5-year average	2.82	30.36	8.01	8.14	10.20	41
Franklin Resources	BEN	Financial Services	1.28 High	May be undervalued Current dividend yield is 31% above its 5-year average	4.44	7.38	5.95	8.84	17.78	39
Sherwin-Williams	SHW	Basic Materials	0.71 Low	May be undervalued Current dividend yield is 30% above its 5-year average	0.99	36.04	-13.84	-8.12	4.19	41
PPG Industries	PPG	Basic Materials	0.95 Average	May be undervalued Current dividend yield is 29% above its 5-year average	1.94	21.79	6.71	7.70	7.18	50
A.O. Smith	AOS	Industrials	0.89 Average	May be undervalued Current dividend yield is 29% above its 5-year average	1.96	22.53	11.73	17.17	21.60	25
Leggett & Platt	LEG	Consumer Cyclical	0.90 Average	May be undervalued Current dividend yield is 28% above its 5-year average	4.57	12.58	3.44	4.38	4.20	49
Ecolab Inc.	ECL	Basic Materials	1.02 Average	May be undervalued Current dividend yield is 27% above its 5-year average	1.25	43.77	4.89	6.55	10.40	27
Linde plc	LIN	Basic Materials	0.95 Average	May be undervalued Current dividend yield is 22% above its 5-year average	1.46	42.52	0.00	0.00	0.00	25
AFLAC Inc	AFL	Financial Services	0.75 Low	May be undervalued Current dividend yield is 17% above its 5-year average	2.59	9.85	8.27	9.72	7.94	37
Illinois Tool Works	ITW	Industrials	0.75 Low	May be undervalued Current dividend yield is 16% above its 5-year average	2.53	24.95	9.86	14.48	12.92	44
Lowe's Cos.	LOW	Consumer Cyclical	0.83 Average	May be undervalued Current dividend yield is 12% above its 5-year average	1.74	19.57	16.30	17.32	18.80	57
Abbott Laboratories	ABT	Healthcare	0.77 Low	May be undervalued Current dividend yield is 12% above its 5-year average	1.67	31.08	17.13	11.60	7.15	25
Essex Property Trust, Inc	ESS	Real Estate	0.69 Low	May be undervalued Current dividend yield is 11% above its 5-year average	3.21	45.49	3.96	5.49	7.23	25
Roper Technologies	ROP	Industrials	0.75 Low	May be undervalued Current dividend yield is 11% above its 5-year average	0.58	43.28	10.89	13.40	17.73	26
Atmos Energy Corporation	ATO	Utilities	0.39 Very low	Looks reasonably valued Current dividend yield is 10% above its 5-year average	2.44	21.29	8.87	8.36	6.47	25
Air Products & Chemicals Inc	APD	Basic Materials	0.78 Low	Looks reasonably valued Current dividend yield is 10% above its 5-year average	2.41	23.66	10.89	12.62	10.83	37
Hormel Foods Corp.	HRL	Consumer Defensive	0.14 Very low	Looks reasonably valued Current dividend yield is 7% above its 5-year average	2.12	29.15	1.47	11.06	14.38	53
Expeditors International of Washington, Inc	EXPD	Industrials	0.85 Average	Looks reasonably valued Current dividend yield is 6% above its 5-year average	1.24	12.91	8.83	7.71	8.78	25
Kimberly-Clark	KMB	Consumer Defensive	0.19 Very low	Looks reasonably valued Current dividend yield is 5% above its 5-year average	3.38	22.59	4.46	4.38	5.44	47
Caterpillar Inc.	CAT	Industrials	0.72 Low	Looks reasonably valued Current dividend yield is 4% above its 5-year average	2.38	18.67	9.28	2.14	9.05	25
S&P Global, Inc.	SPGI	Financial Services	0.88 Average	Looks reasonably valued Current dividend yield is 4% above its 5-year average	0.92	32.30	15.48	16.42	11.91	46
Becton Dickinson	BDX	Healthcare	0.30 Very low	Looks reasonably valued Current dividend yield is 4% above its 5-year average	1.34	45.51	3.62	4.39	7.18	47
Cintas Corporation	CTAS	Industrials	0.99 Average	Looks reasonably valued Current dividend yield is 0% above its 5-year average	1.00	37.41	18.37	20.65	20.20	36
Realty Income Corp.	O	Real Estate	0.57 Low	Looks reasonably valued Current dividend yield is -1% below its 5-year average	4.13	77.14	2.44	3.38	5.02	25
Sysco Corp.	SYY	Consumer Defensive	0.94 Average	Looks reasonably valued Current dividend yield is -2% below its 5-year average	2.18	53.45	8.51	24.30	5.87	51
Pentair Ltd.	PNR	Industrials	1.00 Average	Looks reasonably valued Current dividend yield is -2% below its 5-year average	1.73	17.33	-8.67	-9.80	0.00	43
Wal-Mart Stores	WMT	Consumer Defensive	0.31 Very low	Looks reasonably valued Current dividend yield is -2% below its 5-year average	1.78	29.86	1.89	1.92	4.19	46
Colgate-Palmolive	CL	Consumer Defensive	0.33 Very low	Looks reasonably valued Current dividend yield is -3% below its 5-year average	2.25	28.31	2.55	2.92	4.66	56
McDonald's Corp.	MCD	Consumer Cyclical	0.58 Low	Looks reasonably valued Current dividend yield is -4% below its 5-year average	2.17	23.80	7.81	7.78	7.57	44
Target Corp.	TGT	Consumer Defensive	1.10 Average	Looks reasonably valued Current dividend yield is -5% below its 5-year average	2.38	16.03	7.84	6.38	11.13	52
General Dynamics	GD	Industrials	0.57 Low	Looks reasonably valued Current dividend yield is -5% below its 5-year average	2.15	19.93	8.76	9.47	9.82	28
Automatic Data Processing	ADP	Industrials	0.91 Average	Looks reasonably valued Current dividend yield is -5% below its 5-year average	1.84	33.23	11.01	12.14	11.45	44
Procter & Gamble	PG	Consumer Defensive	0.43 Very low	Looks reasonably valued Current dividend yield is -5% below its 5-year average	2.42	26.56	6.17	4.93	5.15	62
PepsiCo Inc.	PEP	Consumer Defensive	0.47 Very low	Looks reasonably valued Current dividend yield is -6% below its 5-year average	2.61	29.65	5.78	7.48	7.69	46
International Business Machines Corporation	IBM	Technology	0.47 Very low	Looks reasonably valued Current dividend yield is -6% below its 5-year average	4.54	20.28	1.79	3.56	8.49	25
Emerson Electric Company	EMR	Industrials	0.87 Average	Looks reasonably valued Current dividend yield is -7% below its 5-year average	2.48	21.19	1.44	1.28	3.53	62
Johnson & Johnson	JNJ	Healthcare	0.30 Very low	Looks reasonably valued Current dividend yield is -8% below its 5-year average	2.34	22.39	5.78	5.87	6.42	57
Consolidated Edison	ED	Utilities	0.26 Very low	Looks reasonably valued Current dividend yield is -8% below its 5-year average	3.32	23.04	2.72	2.95	2.59	45
Dover Corp.	DOV	Industrials	0.92 Average	Looks reasonably valued Current dividend yield is -8% below its 5-year average	1.61	20.58	1.55	2.96	7.35	64
Cardinal Health Inc.	CAH	Healthcare	0.55 Low	Looks reasonably valued Current dividend yield is -9% below its 5-year average	3.56	29.78	-5.95	2.46	8.83	25
Cincinnati Financial	CINF	Financial Services	0.82 Average	Looks overvalued Current dividend yield is -10% below its 5-year average	2.25	7.07	6.89	6.16	4.89	59
AbbVie Inc.	ABBV	Healthcare	0.35 Very low	Looks overvalued Current dividend yield is -11% below its 5-year average	3.51	24.68	13.15	17.93	0.00	25
Grainger (W.W.) Inc.	GWW	Industrials	0.72 Low	Looks overvalued Current dividend yield is -11% below its 5-year average	1.42	25.30	0.00	-100.00	-100.00	47
Coca-Cola Company (The)	KO	Consumer Defensive	0.46 Very low	Looks overvalued Current dividend yield is -11% below its 5-year average	2.70	26.71	2.50	3.71	5.98	57
Amcor plc	AMCR	Consumer Cyclical	0.75 Low	Looks overvalued Current dividend yield is -12% below its 5-year average	3.81	18.91	2.33	2.73	0.00	25
Genuine Parts	GPC	Consumer Cyclical	0.82 Average	Looks overvalued Current dividend yield is -13% below its 5-year average	2.48	20.71	4.22	4.37	6.12	63
Chevron Corp.	CVX	Energy	0.51 Low	Looks overvalued Current dividend yield is -14% below its 5-year average	3.81	19.87	5.83	4.36	5.56	34
Chubb Limited	CB	Financial Services	0.71 Low	Looks overvalued Current dividend yield is -15% below its 5-year average	1.65	10.98	3.12	3.02	2.07	26
Exxon Mobil Corp.	XOM	Energy	0.53 Low	Looks overvalued Current dividend yield is -28% below its 5-year average	3.97	14.60	2.61	3.21	6.55	36
Archer-Daniels-Midland Co	ADM	Consumer Defensive	0.58 Low	Looks overvalued Current dividend yield is -29% below its 5-year average	2.05	17.53	3.37	4.28	8.49	44
Nucor Corp.	NUE	Basic Materials	1.16 High	Looks overvalued Current dividend yield is -36% below its 5-year average	1.62	5.88	3.65	2.67	1.66	46
West Pharmaceutical Services, Inc	WST	Healthcare	0.94 Average	Looks overvalued Current dividend yield is -38% below its 5-year average	0.24	47.83	6.58	7.09	7.18	25
Federal Realty Investment Trust	FRT	Real Estate	0.00 n.a.	Looks overvalued Current dividend yield is -39% below its 5-year average	2.15	36.01	1.78	2.10	4.59	52
Albemarle Corporation	ALB	Basic Materials	1.59 High	Looks overvalued Current dividend yield is -46% below its 5-year average	0.70	187.02	5.20	5.04	8.82	25
Brown-Forman Corp.	BFB	Consumer Defensive	0.55 Low	Looks overvalued Current dividend yield is -100% below its 5-year average	0.00	38.55	39.15	25.49	17.33	35
People's United Financial	PBCT	Financial Services	0.00 n.a.	Looks overvalued Current dividend yield is -100% below its 5-year average	0.00	15.17	1.41	1.43	1.49	26

Categories: Members, membershipMay 20, 2018

The 2022 Dividend Aristocrats

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The 2022 Dividend Aristocrats

About the S&P 500 Dividend Aristocrats Index

The Dividend Aristocrats are a select group of currently 65 S&P 500 stocks with 25+ years of consecutive dividend increases. These 65 are large, US companies that have historically provided (slightly) better performance and (slightly) lower volatility than the S&P 500 as a whole. They are the ‘upper class’ dividend growth stocks and a great source for dividend growth investors.

Dividend Aristocrats Members and Criteria

S&P 500 applies the following criteria to construct the Dividend Aristocrats list:

must be members of the S&P 500
must have increased dividends every year for at least 25 consecutive years
Market Cap at least USD 3 billion
Liquidity at least USD 5 million (average daily value traded)
Diversification, at least 40 constituents and no sector allocation above 30%

The full list of all the members and a downloadable excel can be found on the Dividend Aristocrats List page.

Dividend Aristocrats that meet those criteria are added over time and a dividend cut will result in removal from the dividend aristocrats list. See how the list has changed since 2009.

Dividend Aristocrats Dashboard

Another source is our dividend aristocrats dashboard, which provides key data for free such as:

Dividend Aristocrats Leaders (Year to Date)
Dividend Aristocrats Laggards (Year to Date)
Dividend Aristocrats with highest Dividend Yield
Dividend Aristocrats with lowest Dividend Yield
Undervalued Dividend Aristocrats
Overvalued Dividend Aristocrats
Dividend Aristocrats by Dividend Growth Rate

Performance: higher total returns with lower volatility

Higher total returns with lower volatility are typical characteristics of the Dividend Aristocrats. The Dividend Aristocrats have historically shown smaller draw-downs during recessions versus the S&P 500. For example in 2008 the Dividend Aristocrats Index declined 21.9%, compared to the S&P 500 declined by 37%. In 2018 the Dividend Aristocrats (-2.73%) also outperformed the S&P500 (-4.38%) by 1.65%.

In 2020, the Dividend Aristocrats (+8.68%) underperformed the S&P 500 index (+18.40%) by -9.72%, which is a lot.

The lower volatility gives some investors “peace of mind” but comes also with a price. In a bull market, like 2019, the Dividend Aristocrats typically underperform. In 2019, the Dividend Aristocrats ( 27.97%) underperformed the S&P 500 index ( 31.49%) by 3.52%

The table below lists the yearly performance of the Dividend Aristocrats, the S&P 500, and the difference between the two.

Some additional data on the Dividend Aristocrats Index:

10 Years annualized return: 14.75%
10 years annualized risk: 11.18%
PE-ratio (trailing): 20.97
Dividend yield: 2.43%

One good explanation for the current underperformance is the sector weighting of the Dividend Aristocrats. The dominating sectors are more defensive like Industrials (23.1%) and Consumer Staples (22.6%). The IT-sector represents only 1.7%.

Read also more about the yearly performance of the dividend aristocrats.

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