- The Dividend Aristocrats (NOBL) gained 2.76% in July 2023 and underperformed the broader S&P 500 (SPY) for the month
- The Dividend Aristocrats are a select group of currently 67 S&P 500 stocks with 25+ years of consecutive dividend increases.
In the month of July 2023, the performance of the renowned Dividend Aristocrats, as tracked by the Dividend Aristocrats ETF (NOBL), generated a total return of 2.59%. It’s noteworthy that this return slightly trailed the performance of the SPDR S&P 500 ETF (SPY) for the same period.
Key Points:
- NOBL delivered a 2.59% total return in July 2023.
- In the same timeframe, SPY demonstrated a total return of 3.27%.
Historical Performance
The current 10-year annualized return is 12.66% for the Dividend Aristocrats (NOBL) versus 11.65% for the S&P 500. Below is the historical performance chart of the dividend aristocrats and the benchmark.
Good to keep in mind that over a time period of 30 years and multiple recessions, the dividend aristocrats strategy has outperformed the S&P 500 by nearly 2% per year.
The current dividend yield is 2.36% well above the 1.58% for the S&P 500 index.
