All Dividend Aristocrats (2024 update)
All Dividend Aristocrats in one list
Dividend aristocrats are companies that increased their dividends for 25 (!) consecutive years.
It’s a very attractive list with ideas for dividend investors.
In this article, I am giving an overview of all 66 dividend aristocrats ranked by dividend yield.
Dividend Aristocrats
Are you ready?
Here are all Dividend Aristocrats and their dividend yield:
Realty Income Corp.: 5.60%
Franklin Resources, Inc.: 5.20%
Amcor Plc: 4.80%
T. Rowe Price Group Inc.: 4.40%
Federal Realty Investment Trust: 4.30%
International Business Machines Corp.: 4.00%
Abbvie Inc: 3.90%
Chevron Corp.: 3.90%
Kenvue Inc: 3.90%
Essex Property Trust, Inc.: 3.80%
J.M. Smucker Co.: 3.70%
Kimberly-Clark Corp.: 3.60%
Stanley Black & Decker Inc: 3.60%
Consolidated Edison, Inc.: 3.40%
Clorox Co.: 3.30%
Johnson & Johnson: 3.30%
Medtronic Plc: 3.30%
Archer Daniels Midland Co.: 3.20%
Hormel Foods Corp.: 3.20%
Exxon Mobil Corp.: 3.20%
Coca-Cola Co: 3.10%
C.H. Robinson Worldwide, Inc.: 3.00%
PepsiCo Inc: 3.00%
Air Products & Chemicals Inc.: 2.80%
NextEra Energy Inc: 2.80%
Cincinnati Financial Corp.: 2.70%
Sysco Corp.: 2.70%
Target Corp: 2.70%
Atmos Energy Corp.: 2.70%
Genuine Parts Co.: 2.60%
McDonald's Corp: 2.40%
Procter & Gamble Co.: 2.40%
Aflac Inc.: 2.30%
Automatic Data Processing Inc.: 2.30%
Fastenal Co.: 2.30%
Illinois Tool Works, Inc.: 2.20%
McCormick & Co., Inc.: 2.20%
Abbott Laboratories: 2.10%
Colgate-Palmolive Co.: 2.10%
Cardinal Health, Inc.: 2.00%
General Dynamics Corp.: 1.90%
Lowe's Cos., Inc.: 1.90%
PPG Industries, Inc.: 1.90%
Brown-Forman Corp.: 1.80%
Emerson Electric Co.: 1.80%
Becton Dickinson & Co.: 1.60%
A.O. Smith Corp.: 1.50%
Caterpillar Inc.: 1.50%
Walmart Inc: 1.40%
Chubb Limited: 1.30%
Linde Plc.: 1.30%
Nucor Corp.: 1.20%
Albemarle Corp.: 1.20%
Expeditors International Of Washington, Inc.: 1.20%
Church & Dwight Co., Inc.: 1.10%
Dover Corp.: 1.10%
Pentair plc: 1.10%
Ecolab, Inc.: 1.00%
Nordson Corp.: 1.00%
Sherwin-Williams Co.: 0.90%
W.W. Grainger Inc.: 0.90%
Cintas Corporation: 0.80%
S&P Global Inc: 0.80%
Brown & Brown, Inc.: 0.60%
Roper Technologies Inc: 0.60%
West Pharmaceutical Services, Inc.: 0.20%
Conclusion
Here’s what you need to remember:
✅ Dividend aristocrats are companies that increased their dividends for 25 (!) consecutive years.
✅ In total, there are 66 Dividend Aristocrats in the market
Used sources
Interactive Brokers: Portfolio data and executing all transactions
Finchat: Financial data
The list shows an interesting mix of industries and sectors: REITs, financials, energy, retail, etc. Each should be carefully evaluated accordingly to understand the sustainability of the dividend. 👍
Investing for dividends is a great way to develop an income stream. I started an "income portfolio" about 3 years ago and have been adding to it weekly since inception. My inspiration was a group of authors on Seeking Alpha. Rida Morwa is probably one of the most vocal advocates of investing for income over there. He, and others, state you should have an accumulation goal such that the dividends start to cover one of your expenses. For example, think of your electricity bill. How much stock would you need at the dividend yield to cover that bill? Once you have that bill covered you add another to cover. His free service to readers is recommending stocks to buy so you can build your own portfolio. The paid service shows a portfolio for subscribers to mimic.
It's very easy to get caught up in "yield chasing", which can lead to buying shares of fragile and low quality companies. Be careful! You will never see a recommendation for Coca-Cola from these services.
My income portfolio consists ~1/3 of moderate yielding REITs with strong financial sheets, low debt, and a strong moat. Another ~1/3 is consists of mREITs that all together provide a diversified pools of loans and financing structures for real estate. The final ~1/3 is BDCs which all together have a diversified pool of loans for companies. The allocation is approximate because I do have two CEFs, one ETF, and two issues of preferred stock in the mix too. It's 23 positions in all that yield a little over 8% now.
The dividends are currently being reinvested. At some point (3 - 5 years?) I will turn off the reinvestment and use the distributions for my highest "expense", which is funding my tax deferred retirement accounts.
The problem with dividends is that unless you can shield them from tax in some way the govt is going to take 50% of your payout.
If you can put them in a tax-efficient wrapper then great but what is the point in getting a fat % yield but having to give it up to the tax man?
As a private investor, it has to be better to buy companies that pay zero dividends but grow the value of their shares ie compound them over time.