2020 DIVIDEND ARISTOCRATS LIST

The Dividend Aristocrats list contains companies in the S&P 500 Index that have increased dividends every year for the last 25 straight years. Dividend Aristocrats are large cap, blue chip companies from many different industries, but they have all demonstrated a healthy balance between capital growth and dividend income.

Why do investors care so much about Dividend Aristocrats? Not surprisingly, stocks that have been able to increase their dividends for such a long period of time often have very durable businesses, have exhibited earnings growth, and have done quite well compared to the market.

Performance of the Dividend Aristocrats List

As seen below, the S&P Dividend Aristocrats Index has nicely outpaced the S&P 500 over the past decade. According to S&P, Dividend Aristocrats generated an annualized return of 12.1% over the past 10 years, easily topping the market’s 8.5% rate. Over this period, dividends accounted for 27% of the market’s total return, highlighting their importance in determining total shareholder return.

Dividend Aristocrats Performance

Blue chip dividend stocks are often characterized by outperformance during down markets. The following chart displays annual returns for Dividend Aristocrats alongside annual returns for the S&P 500. As you can see, dividend aristocrats fell about 22% in 2008 but significantly preserved shareholders’ capital when compared to the S&P 500’s 37% plunge.

Source: Simply Safe Dividends, Standard & Poors

Impressively, dividend aristocrats more than kept pace with the market in the years following the financial crisis. Outperforming in down markets and keeping up in up markets results in attractive risk-adjusted returns. Dividend aristocrats have a 14% standard deviation over the last 10 years, demonstrating lower volatility than the S&P 500, which recorded a 15.1% standard deviation over the same period.

Sector Mix of the Dividend Aristocrats List

The S&P Dividend Aristocrats Index currently contains 53 stocks with each equally-weighted. As you can see below, the consumer staples sector accounts for more than 25% of the index. This is not surprising given the stability of most consumer staples markets.

Information Technology is on the other end of the spectrum at less than 2% of the S&P Dividend Aristocrats Index. The rapid pace of change and continuous need to invest for growth make consistent dividend payouts less common.

Source: Standard & Poors

Compared to the S&P 500, you can see that the Dividend Aristocrats Index is most overweight consumer staples, materials, and industrials. Information technology is the largest underweight, following the cyclical energy sector and financials, which were hit hard during the 2008-09 recession.

Source: Simply Safe Dividends, Standard & Poors

You can view all dividend aristocrats in the table below. Data is updated daily, and you can view complete dividend and fundamental information for any stock by clicking on the blue-colored ticker symbol found in the first column.

The biggest challenge with the Dividend Aristocrats list is that each stock must be a member of the S&P 500 Index, cutting out many other high quality dividend growth stocks. Over 150 dividend stocks have increased their dividend for at least 20 consecutive years, significantly more than the 53 Dividend Aristocrats. You can find and filter a table containing all of these dividend growth stocks here.

2018 Dividend Aristocrats List

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5yr Dividend CAGR:

10yr Dividend CAGR:

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Ticker	company_name	sector	Industry	category	Market Cap ($M)	size_details	Safety Score	Growth Score	yield_score	Dividend Yield	dividend_growth_streak	EPS Payout	Five_year_EPS_payout	FCF Payout	Five_year_FCF_payout	Ex-Dividend Date	pay_date	1yr Dividend Growth	3yr Dividend CAGR	5yr Dividend CAGR	10yr Dividend CAGR	annual_dividend	dividend_amount	payment_frequency	P/E Ratio	FCF Yield	EV_Sales	EV_EBIT	PB_Ratio	Gross_Margin	Operating_Margin	Profit_Margin	FCF_Margin	ROE	Five_year_ROE	ROIC	Five_year_ROIC	1yr Sales Growth	5yr Sales CAGR	1yr EPS Growth	5yr EPS CAGR	current_ratio	Debt to Capital	debt_to_capital_details	debt_to_equity	debt_to_equity_details	net_debt_to_EBIT	net_debt_to_EBIT_details	EBIT_to_interest	EBIT_to_interest_details	1yr Total Return	5yr Total Return CAGR
MDT	Medtronic	Healthcare	Health Care Equipment	0.6	112,313	Mega: > $100B	99	50	52	3.2	20 or more years	48	68	60	57	09/22/2022	10/14/2022	9	8	8	10	2.7	0.7	Quarterly	15.93	5.0	4.1	20.9	2.2	67.94	19.5	16.8	14.7	10.00	9.2	7.9	8.4	-2	1	36	5	1.58	0.30	Average Debt: 0.3 to 0.5	0.4	Low Debt: 0.2 to 0.5	2.4	Above Average Risk: 2.0 to 5.0	10.40	Low Risk: 8x to 15x	-30	4
ABBV	AbbVie	Healthcare	Biotechnology	0.3	251,052	Mega: > $100B	70	75	61	3.9	20 or more years	42	83	44	48	10/13/2022	11/15/2022	10	10	18		5.6	1.4	Quarterly	10.88	8.8	5.5	16.6	17.3	70.72	33.1	22.0	35.0	92.71	81.0	21.0	22.9	7	17	91	12	0.84	0.81	Very High Debt: > 0.7	5.0	Very High Debt: > 2.0	3.3	Above Average Risk: 2.0 to 5.0	8.30	Low Risk: 8x to 15x	38	13
AOS	A. O. Smith	Industrials	Building Products	0.9	8,087	Mid: $2B to $10B	99	50	35	2.2	20 or more years	34	35	41	36	07/28/2022	08/15/2022	8	12	17	22	1.1	0.3	Quarterly	15.70	5.2	2.1	12.2	4.4	35.73	17.0	13.4	7.2	28.66	21.9	30.8	24.8	20	6	20	11	1.76	0.16	Low Debt: 0.1 to 0.3	0.2	Very Low Debt: < 0.2	-0.2	Net Cash	109.10	Very Low Risk: > 15x	-14	-2
CB	Chubb	Financials	Property and Casualty Insurance	0.6	78,229	Large: $10B to $100B	99	25	27	1.7	20 or more years	22	34	12	21	09/15/2022	10/07/2022	3	3	3	8	3.3	0.8	Quarterly	13.17	13.6	2.3	12.4	1.5	27.28	18.4	17.5	19.2	12.82	7.8	10.2	7.1	5	5	-8	8	0.40	0.30	Low Debt: 0.1 to 0.3	0.4	Low Debt: 0.2 to 0.5	1.9	Average Risk: 1.0 to 2.0	14.60	Low Risk: 8x to 15x	12	7
PBCT	People's United Financial	Financials		1.1	8,340	Mid: $2B to $10B	79	0	59	3.8	20 or more years	49	56	26	41	01/31/2022	02/15/2022	1	1	1	1	0.7	0.2	Quarterly	13.20	14.4			1.1			31.3		7.80	7.2			2	9	184	9							Net Cash			10	5
MMM	3M	Industrials	Industrial Conglomerates	0.6	64,034	Large: $10B to $100B	75	0	71	5.2	20 or more years	60	61	79	59	08/19/2022	09/12/2022	1	3	6	10	6.0	1.5	Quarterly	11.65	6.5	2.2	11.7	4.8	44.53	19.1	11.8	11.9	29.38	45.4	21.6	23.0	1	3	-30	-4	1.47	0.55	High Debt: 0.5 to 0.7	1.2	High Debt: 1.0 to 2.0	2.1	Above Average Risk: 2.0 to 5.0	14.10	Low Risk: 8x to 15x	-31	-8
SYY	Sysco	Consumer Staples	Food Distributors	0.9	37,958	Large: $10B to $100B	70	25	43	2.6	20 or more years	58	72	84	65	10/06/2022	10/28/2022	4	7	8	6	2.0	0.5	Quarterly	23.16	3.0	0.7	19.0	27.8	17.95	3.7	2.0	2.1	90.53	57.1	19.6	19.6	34	4	159	5	1.20	0.87	Very High Debt: > 0.7	8.1	Very High Debt: > 2.0	4.1	Above Average Risk: 2.0 to 5.0	4.10	Average Risk: 4x to 8x	-5	9
TGT	Target	Consumer Discretionary	General Merchandise Stores	1.1	72,243	Large: $10B to $100B	90	100	46	2.8	20 or more years	41	41	398	30	11/15/2022	12/10/2022	18	8	6	11	4.3	1.1	Quarterly	17.77	0.6	0.8	15.2	6.8	26.23	5.4	3.9	-0.1	33.19	28.3	19.3	17.6	8	9	-29	12	0.82	0.59	High Debt: 0.5 to 0.7	1.7	High Debt: 1.0 to 2.0	2.9	Above Average Risk: 2.0 to 5.0	13.50	Low Risk: 8x to 15x	-29	24
SWK	Stanley Black & Decker	Industrials	Industrial Machinery	1.0	12,301	Large: $10B to $100B	90	0	60	3.9	20 or more years	36	39	-25	50	09/02/2022	09/20/2022	7	5	6	6	3.2	0.8	Quarterly	9.37	-15.1	1.4	15.5	1.4	30.08	9.3	5.9	-10.6	9.33	11.7	7.4	11.5	18	7	-42	-6	0.85	0.54	High Debt: 0.5 to 0.7	1.3	High Debt: 1.0 to 2.0	7.2	High Risk: > 5.0	7.00	Average Risk: 4x to 8x	-51	-9
SHW	Sherwin-Williams	Materials	Specialty Chemicals	0.7	56,578	Large: $10B to $100B	87	75	14	1.1	20 or more years	31	27	49	19	08/18/2022	09/09/2022	23	24	14	16	2.4	0.6	Quarterly	29.18	2.2	3.3	27.8	25.2	41.01	11.9	8.5	6.5	69.30	52.5	16.0	15.4	6	11	-17	10	0.87	0.81	Very High Debt: > 0.7	5.6	Very High Debt: > 2.0	4.9	Above Average Risk: 2.0 to 5.0	7.10	Average Risk: 4x to 8x	-23	13

Stock Analysis of the Dividend Aristocrats

Reviewing historical data on each dividend aristocrat is one thing, but understanding their future dividend growth potential and business outlooks is even more important.

We analyzed the business models, dividend safety, dividend growth, key risks, and more of the dividend aristocrats below.

Energy

Consumer Discretionary

Consumer Staples

Industrials

Financials

Real Estate

Federal Realty Investment Trust

Healthcare

Basic Materials

Technology

Utilities

Consolidated Edison

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