Dividend Aristocrats List: The Best Dividend Stocks to Buy and Hold (2022)

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Dividend Aristocrats List

Are you in search of reliable and consistent dividend income? Look no further than the Dividend Aristocrats list.

This group of elite stocks has a long history of boosting shareholder payouts year after year. With yields that beat the average savings account, they offer the perfect combination of wealth-building potential and security.

Ready to find out more? Keep reading to learn everything you need to know about this exclusive club.

Related reading: Living Off Dividends – How to Live on Your Investments in Retirement

What Is a Dividend Aristocrat?

A Dividend Aristocrat is a stock with 25+ consecutive years of dividend increases. This impressive feat is only accomplished by the most reliable companies out there, with time-tested business models and strong fundamentals.

To be included on this coveted list, a company must also be a member of the S&P 500 index. This ensures that only the biggest and most successful US businesses make the cut. (If a company has 25+ years of consecutive dividend growth but is not a member of the S&P 500, it is considered a Dividend Champion.)

There are also requirements in terms of market cap and cash flow. This ensures that only financially healthy companies are considered for the list.

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Dividend Aristocrats List

Here are the 65 companies that qualify for the 2022 edition of the Dividend Aristocrats list.

Please note: This list is not intended to provide financial or investing advice. Investing in the stock market involves risk, and if you’re looking for personalized advice, please speak with a financial advisor or financial professional.

CompanySectorConsecutive Years of Dividend Growth
Dover (DOV)Industrials66
Genuine Parts Co. (GPC)Consumer Discretionary66
Procter & Gamble (PG)Consumer Staples66
Emerson Electric (EMR)Industrials65
3M (MMM)Industrials64
Cincinnati Financial (CINF)Financials61
Coca-Cola (KO)Consumer Staples60
Johnson & Johnson (JNJ)Healthcare60
Colgate-Palmolive (CL)Consumer Staples59
Illinois Tool Works (ITW)Industrials58
Hormel Foods (HRL)Consumer Staples56
Stanly Black & Decker (SWK)Industrials54
Federal Realty Investment Trust (FRT)Real Estate54
Sysco (SYY)Consumer Staples53
W. W. Grainger (GWW)Industrials 51
Becton, Dickinson & Co. (BDX)Healthcare50
PPG Industries (PPG)Materials50
Target (TGT)Consumer Discretionary50
AbbVie (ABBV)Healthcare50
Abbott Laboratories (ABT)Healthcare50
Kimberly Clark (KMB)Consumer Staples50
PepsiCo (PEP)Consumer Staples50
Nucor (NUE)Materials49
S&P Global (SPGI)Financials49
Archer-Daniels-Midland (ADM)Consumer Staples49
Walmart (WMT)Consumer Staples49
VF Corp. (VFC)Consumer Discretionary48
Consolidated Edison (ED)Utilities48
Lowe’s (LOW)Consumer Discretionary48
Automatic Data Processing (ADP)Information Technology47
Walgreens Boots Alliance (WBA)Consumer Staples46
Pentair (PNR)Industrials46
The Clorox Co. (CLX)Consumer Staples46
McDonald’s (MCD)Consumer Discretionary45
Medtronic (MDT)Healthcare45
Sherwin-Williams (SHW)Materials44
Franklin Resources (BEN)Financials40
Air Products & Chemicals (APD)Materials40
Aflac (AFL)Financials39
Amcor PLC (AMCR)Materials39
ExxonMobil (XOM)Energy39
Brown-Forman (BF.B)Consumer Staples38
Cintas (CTAS)Industrials38
Atmos Energy Corporation (ATO)Utilities38
McCormick & Co. (MKC)Consumer Staples36
T. Rowe Price Group (TROW)Financials36
Cardinal Health (CAH)Healthcare36
Chevron (CVX)Energy35
Ecolab (ECL)Materials30
A.O. Smith (AOS)Industrials30
West Pharmaceutical Services, Inc. (WST)Healthcare29
Linde (LIN)Healthcare29
Roper Technologies (ROP)Industrials29
Caterpillar (CAT)Industrials29
Chubb (CB)Financials29
Expeditors International of Washington, Inc. (EXPD)Industrials29
People’s United Financial Inc. (PBCT)Financials29
Albemarle Corp. (ALB)Materials28
Essex Property Trust, Inc. (ESS)Real Estate28
Realty Income Corporation (O)Real Estate28
International Business Machines (IBM)Information Technology28
NextEra Energy Inc. (NEE)Utilities28
Brown & Brown (BRO)Financials28
Church & Dwight (CHD)Consumer Staples26
General Dynamics (GD)Industrials25

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Why Invest in Dividend Aristocrats?

There are many reasons to invest in dividend stocks, but the Aristocrats offer some unique advantages.

Firstly, their long history of dividend increases is a strong indicator of future success (although future performance can never be guaranteed). Companies that can maintain such a streak are usually those with strong cash flows and solid fundamentals.

Secondly, these stocks tend to be less volatile than the overall market. This means that they are less likely to experience sharp downturns during times of economic uncertainty.

Dividend Artistocrasts are less volatile that the average stock because:

  • They are large, well-established companies with diverse revenue streams
  • They have a long track record of dividend growth, which instills investor confidence
  • They tend to be less reliant on economic cycles

What’s more, Aristocrats offer some of the highest dividend yields around. This is especially true when you consider that you may also see an above-average dividend increase as well.

This combination of high current dividend yield and long-term dividend growth potential makes them an ideal choice for income investors.

Related reading: Income-Producing Assets to Generate Cash Flow

Risks to Consider

Investing in Dividend Aristocrat stock does come with some risks, and these should be considered before making any decisions.

For instance, a dividend stock may underperform during bull markets. This is because investors are more likely to take risks during these periods, chasing after high-flying growth stocks. Additionally, these established companies are no longer in a phase of business that is conducive to rapid growth.

Dividend stocks also tend to be more sensitive to changes in interest rates. This is because their yields become less attractive when rates rise.

That being said, these risks can be mitigated to some degree by diversifying your portfolio across different sectors and asset classes.

Dividend Aristocrats Index Fund

One of the easiest ways to invest in dividend aristocrats is through an index fund. The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is one such option.

This fund tracks the S&P 500 Dividend Aristocrats Index. As a result, investors can get exposure to a wide range of Dividend Aristocrats in a single fund, rather than purchasing many different individual stocks. The expense ratio of 0.35% may be worth the convenience if you prefer a simple approach.

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Frequently Asked Questions

What is better: Dividend Kings or Dividend Aristocrats?

To qualify as a Dividend Kings, a company must have increased dividends for at least 50 years straight, as opposed to 25 years to be a Dividend Aristocrat. So, the Dividend Kings list is more exclusive. However, that doesn’t mean that Dividend Kinds are necessarily a better investment than Dividend Aristocrat stocks. Future performance could vary, plus increases and decreases in the stock price will have a big impact on overall performance.

How many Dividend Aristocrats are there?

At present, there are 65 companies on the Dividend Aristocrats list, but the number can change each year.

Are Dividend Aristocrats a Good Investment?

A Dividend Aristocrat may offer several advantages, including a long history of dividend payment increases, less volatility than the overall market, and high dividend yield. However, there are also some risks to consider before investing, such as underperformance during bull markets and sensitivity to changes in interest rates.

Are Dividend Aristocrats safe?

There is no such thing as a “safe” investment, but Dividend Aristocrats are often considered to be a relatively safe choice. This is because they are large, well-established companies with diverse revenue streams and strong fundamentals. They tend to be less volatile than the stock market as a whole.

What is the downside to dividend stocks?

The main downside to dividend stocks is that they can underperform during bull markets. This is because investors are more likely to take risks and chase growth during these periods. Dividend stocks may also be more sensitive to changes in interest rates. However, these risks can be mitigated through diversification.

Is it better to buy dividend or growth stocks?

It depends on your investment goals. Dividend stocks offer income and stability, while growth stocks have the potential for capital gains. If you’re looking for immediate income, dividend stocks may be a better choice because of the dividend payout. If you’re looking to invest for the long term, growth stocks may have more upside potential.

Is there an ETF that tracks Dividend Aristocrats?

Yes, the ProShares S&P 500 Dividend Aristocrats ETF (NOBL) tracks the S&P 500 Dividend Aristocrats Index. This provides exposure to a wide range of Dividend Aristocrats in a single fund. The expense ratio is 0.35%.

Final Thoughts on Dividend Aristocrats

Dividend Aristocrats offer many advantages for income investors. With a long history of dividend growth and above-average yields, they provide the perfect combination of stability and income potential. Just remember to consider the risks before making any decisions.

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