2023 Dividend Aristocrat List Income Investors 2023-01-31 14:25:00 dividend aristocrats dividends dividend stocks dividend stock Here are the dividend aristocrats, the S&P 500-listed stocks that have raised their annual dividends for at least 25 consecutive years. Dividend Stocks https://www.incomeinvestors.com/wp-content/uploads/2023/01/2023-happy-new-year-with-us-dollar-money-glass-ame-2022-10-22-02-38-05-utc-150x150.jpg

2023 Dividend Aristocrat List

These S&P 500 Stocks Are Dividend Aristocrats

The year 2022 was miserable for stock investors, with the S&P 500 having one of its worst years and the Nasdaq falling deep into bear-market territory. Even the stable, boring Dow Jones Industrial Average ended 2022 flirting with a correction.

The outlook for 2023 isn’t exactly bullish. Stocks need a reason to bottom and rebound, and that hasn’t happened yet. Interest rates are still rising and inflation is at decades-high levels. Moreover, the odds of a recession happening in 2023 are pretty high, which means a slowing economy, weaker corporate earnings, and more volatility in the stock market.

Investors who are looking for financial growth in 2023 will need to look beyond share prices.

That’s where dividend stocks come in. They’re the shares of companies that make a lot of money and return cash to investors in the form of monthly or quarterly payments.

Who wouldn’t love that?

It can come at a cost, though. Some companies tout their frothy dividends, but their underlying business could be weak, which means they could end up cutting or suspending their payouts. That kind of action can kill off investor sentiment and send a share price plunging. This means investors who are attracted to high yields could see their initial investments evaporate.

In a year when a recession is all but guaranteed, not just any dividend stock will do. Investors who want stable dividends need to find companies that raise their payouts on an annual basis. The longer the company’s history of doing that, the better.

Why? Safe, growing dividends are a testament to a company’s underlying strength. It means the company can generate money at every point of the economic cycle and isn’t fazed by things like pandemics, wars, or other Black Swan events. No matter what’s going on in the world, the company continues to reward buy-and-hold shareholders with annual raises.

Investors who want to juice their portfolios with reliable dividend stocks should consider dividend aristocrats. They are, without question, some of the safest dividend stocks on Wall Street.

What Is a Dividend Aristocrat?

A dividend aristocrat is an S&P 500-listed stock that has raised its dividend annually for at least 25 consecutive years. Not only do dividend aristocrat companies raise their dividends every year, but they have a history of outperforming the broader market in terms of share price. As such, dividend aristocrats are a great way to fight inflation and stock market volatility.

The dividend aristocrat list isn’t static; companies get added each year for crossing the 25-year threshold for raising dividends annually. As of this writing, 65 stocks qualify as dividend aristocrats. Since these companies are the cream of the crop, chances are good you’ll be familiar with many of them.

List of Dividend Aristocrats in Alphabetical Order

Company Name Stock Ticker Sector Dividend Yield Years of
Dividend Increases
3M Co NYSE:MMM Industrial 4.9% 64
Abbot Laboratories NYSE:ABT Health Care 1.9% 51
AbbVie Inc NYSE:ABBV Health Care 3.7% 51
Aflac Incorporated NYSE:AFL Financial Services 2.4% 41
Air Products & Chemicals Inc. NYSE:APD Basic Materials 2.1% 40
Albemarle Corporation NYSE:ALB Basic Materials 0.7% 27
Amcor PLC NYSE:MCR Consumer Cyclical 4.1% 40
AO Smith Corp NYSE:AOS Industrial 2.1% 29
Archer-Daniels-Midland Co NYSE:ADM Consumer Defensive 1.7% 47
Atmos Energy Corporation NYSE:ATO Utilities 2.6% 39
Automatic Data Processing Inc NASDAQ:ADP Industrial 2.1% 48
Becton Dickinson and Co NYSE:BDX Health Care 1.4% 51
Brown-Foreman Corporation NYSE:BF.B Consumer Defensive 1.2% 39
Brown & Brown, Inc. NYSE:BRO Financial Services 0.8% 29
Cardinal Health Inc NYSE:CAH Health Care 2.5% 35
Caterpillar Inc. NYSE:CAT Industrial 2.0% 29
Chubb Ltd NYSE:CB Financial Services 1.5% 29
Church & Dwight Co., Inc NYSE:CHD Consumer Defensive 1.3% 26
Cincinnati Financial Corporation NASDAQ:CINF Financial Services 2.7% 62
Clorox Co NYSE:CLX Consumer Defensive 3.3% 45
Cintas Corporation NASDAQ:CTAS Industrial 0.9% 40
Chevron Corporation NYSE:CVX Energy 3.2% 35
Coca-Cola Co NYSE:KO Consumer Defensive 2.8% 60
Colgate-Palmolive Company NYSE:CL Consumer Defensive 2.4% 60
Consolidated Edison, Inc. NYSE:ED Utilities 3.3% 48
Dover Corp. NYSE:DOV Industrial 1.5% 67
Ecolab Inc NYSE:ECL Basic Materials 1.4% 31
Emerson Electric Co NYSE:EMR Industrial 2.2% 66
Essex Property Trust Inc NYSE:ESS Real Estate 4.1% 27
Expeditors International of Washington Inc NASDAQ:EXPD Industrial 1.3% 27
Exxon Mobil Corp NYSE:XOM Energy 3.4% 40
Federal Realty Investment Trust NYSE:FRT Real Estate 4.2% 55
Franklin Resources, Inc. NYSE:BEN Financial Services 4.5% 43
General Dynamics Corporation NYSE:GD Industrial 2.0% 66
Genuine Parts Company NYSE:GPC Consumer Cyclical 2.0% 66
Hormel Foods Corp NYSE:HRL Consumer Defensive 2.4% 57
IBM NYSE:IBM Technology 4.7% 27
Illinois Tool Works Inc. NYSE:ITW Industrial 2.4% 58
Johnson & Johnson NYSE:JNJ Health Care 2.6% 60
Kimberly Clark Corp NYSE:KMB Consumer Defensive 3.4% 50
Leggett & Platt Inc NYSE:LEG Consumer Cyclical 5.5% 51
Linde PLC NYSE:LIN Basic Materials 1.4% 29
Lowe’s Companies Inc NYSE:LOW Consumer Cyclical 2.1% 60
McCormick & Co Inc NYSE:MKC Consumer Defensive 1.9% 35
McDonald’s Corp NYSE:MCD Consumer Cyclical 2.3% 47
Medtronic PLC NYSE:MDT Health Care 3.5% 45
NextEra Energy Inc NYSE:NEE Utilities 2.0% 26
Nucor Corporation NYSE:NUE Basic Materials 1.5% 50
Pentair PLC NYSE:PNR Industrial 1.9% 45
PepsiCo, Inc. NASDAQ:PEP Consumer Defensive 2.5% 50
PPG Industries, Inc. NYSE:PPG Basic Materials 2.0% 51
Procter & Gamble Co NYSE:PG Consumer Defensive 2.4% 66
Realty Income Corp NYSE:O Real Estate 4.7% 26
Roper Technologies Inc NYSE:ROP Industrial 0.6% 30
S&P Global Inc NYSE:SPGI Financial Services 1.0% 49
Sherwin-Williams Co NYSE:SHW Basic Materials 1.0% 44
Stanley Black & Decker, Inc. NYSE:SWK Industrial 4.2% 55
SYSCO Corporation NYSE:SYY Consumer Defensive 2.6% 52
T Rowe Price Group Inc NASDAQ:TROW Financial Services 4.3% 36
Target Corporation NYSE:TGT Consumer Defensive 2.9% 54
VF Corp NYSE:VFC Consumer Cyclical 7.4% 50
Walgreens Boots Alliance Inc NASDAQ:WBA Health Care 5.1% 47
Walmart Inc NYSE:WMT Consumer Defensive 1.6% 49
West Pharmaceutical Services Inc. NYSE:WST Health Care 0.3% 30
WW Grainer Inc NYSE:GWW Industrial 1.2% 51


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