What are dividend aristocrats?

S&P 500 Dividend Aristocrats är ett aktiemarknadsindex som består av företagen i S&P 500-indexet som har ökat sina utdelningar under vart och ett av de senaste 25 åren i rad. Detta index för utdelningsaristokrater lanserades i maj 2005. Vad är utdelningsaristokrater?

The S&P 500 Dividend Aristocrats is a stock market index consisting of companies in the S&P 500 index that have increased their dividends in each of the last 25 consecutive years. This index for dividend aristocrats was launched in May 2005. What are dividend aristocrats?

There are other indices of dividend aristocrats that vary in terms of market capitalisation and minimum duration of successive annual dividend increases.

Components are added when they reach the 25-year threshold and removed when they fail to grow their dividend in a calendar year or are removed from the S&P 500. However, one study found that the stock performance of companies improves after they are removed from the index. The index has been recommended as an alternative to bonds for investors looking to generate income.


There are 66 companies in the index.

Company Short name Sector
3M MMM Industrials
A.O. Smith AOS Industrials
Abbott Laboratories ABT health care
AbbVie ABBV health care
AFLAC AFL Financials
Air Products & Chemicals APD Materials
Albemarle Corporation ALB Materials
Amcor CDMA Materials
Archer-Daniels-Midland Co ADM Consumer Staples
Atmos Energy Corp ATO Utilities
Automatic Data Processing ADP information technology
Becton Dickinson & Co BDX health care
Brown & Brown Inc. BRO Financials
Brown-Forman (class B) BF.B Consumer Staples
Cardinal Health Inc CAH health care
Caterpillar Inc CAT Industrials
C.H. Robinson CHRW Industrials
Chevron Corp CLC Energy
Chubb Limited CB Financials
Church & Dwight Co. Inc. CHD Consumer Staples
Cincinnati Financial Corp CINF Financials
Cintas Corp CTAS Industrials
Clorox CLX Consumer Staples
Coca-Cola Co KO Consumer Staples
Colgate-Palmolive CL Consumer Staples
Consolidated Edison Inc ED Utilities
Dover Corp DOV Industrials
Ecolab Inc ECL Materials
Emerson Electric EMR Industrials
Essex Property Trust ESS Real Estate
Expeditors International of Washington EXPD Industrials
Exxon Mobil Corp XOM Energy
Federal Realty Investment Trust FRT Real Estate
Franklin Resources Inc BEN Financials
General Dynamics DG Industrials
Genuine Parts Company GPC Consumer Discretionary
Hormel Foods Corp HRL Consumer Staples
Illinois Tool Works ITW Industrials
IBM IBM information technology
The J. M. Smucker Company LSU Consumer Staples
Johnson & Johnson JNJ health care
Kimberly-Clark KMB Consumer Staples
Linde plc LIN Materials
Lowe’s LOW Consumer Discretionary
McCormick & Company MKC Consumer Staples
McDonald’s Corp MCD Consumer Discretionary
Medtronic plc MDT health care
NextEra Energy NO Utilities
Nordson Corp NDSN Industrials
Nucor Corp NUE Materials
Pentair NRP Industrials
PepsiCo PEP Consumer Staples
PPG Industries PPG Materials
Procter & Gamble PG Consumer Staples
Realty Income O Real Estate
Roper Technologies ROP Industrials
S&P Global Inc SPGI Financials
Sherwin-Williams SHW Materials
Stanley Black & Decker SWK Industrials
Sysco Corp SYY Consumer Staples
T Rowe Price Group Inc TROW Financials
Target Corp TGT Consumer Discretionary
W. W. Grainger GWW Industrials
Walgreens Boots Alliance WBA Consumer Staples
Walmart Inc. WMT Consumer Staples
West Pharmaceutical Services Inc WST health care

Component history

The following are the changes in the components of the index since 2008:

In 2023, three companies were added to the list: CH Robinson Worldwide (CHRW), Nordson (NDSN) and J.M. Smucker (SJM);[5] and VF Corporation (VFC) announced a cut in its dividend in February; leaving the index with 66 dividend aristocrats.

In 2022, two companies were added to the index: Brown & Brown, Inc (BRO) and Church & Dwight Co, Inc (CHD). AT&T Inc (T) was removed due to its dividend cut and People’s United Financial, Inc (PBCT) was removed when its merger with M&T Bank Corporation was completed.

In 2021, there were three additions to the index: IBM (IBM), NextEra Energy (NEE) and West Pharmaceutical Services (WST). Five companies were removed from the index: Raytheon (RTX), Carrier Global (CARR), Otis Worldwide (OTIS), Stryker Corporation (SYK) and Leggett & Platt (LEG), which was removed when it moved from the S&P 500 to the S&P MidCap 400.

In 2020, there were 7 additions: Amcor (AMCR), Atmos Energy (ATO), Realty Income Corporation (O), Essex Property Trust (ESS), Ross Stores (ROST), Albemarle Corporation (ALB) and Expeditors International (EXPD) were added to the list that went into effect before the market opened on February 3.

United Technologies changed its name to Raytheon Technologies after divesting certain divisions and remained in the index. Both spin-offs Carrier Global (CARR) and Otis Worldwide (OTIS) were added to the index, a change that took effect before the market opened on April 3, 2020.

Ross Stores (ROST) and Helmerich & Payne (HP). Ross Stores suspended its dividend on 21 May due to the covid-19 pandemic and was removed from the index before the market opened on 1 July 2020

In 2019, Chubb Limited (CB), People’s United Financial (PBCT), Caterpillar Inc (CAT) and United Technologies (UTX) were added to the index.

In 2016, Chubb Corp (CB) was removed upon acquisition by ACE Limited (ACE).

In 2015, Family Dollar Stores (FDO) was removed from the index due to its purchase by Dollar Tree. Sigma-Aldrich (SIAL) was removed from the list due to the acquisition by Merck Group.

In 2014, Bemis (BMS) was removed from the S&P 500 index and was therefore removed from the index.

In 2013, Pitney Bowes (PBI) was removed after cutting its dividend from 37.5c to 18.75c per quarter per share.

In 2012, CenturyLink (CTL) was removed from the index. The following 9 companies were added to the index: AT&T (T), Colgate-Palmolive (CL), Franklin Templeton Investments (BEN), Genuine Parts Company (GPC), Health Care Property Investors (HCP), Illinois Tool Works (ITW) , Medtronic (MDT), Sysco (SYY) and T. Rowe Price (TROW).

2011 saw the addition of Ecolab (ECL), Hormel Foods (HRL) and McCormick & Company (MKC).

In 2010, ten companies were removed from the index: Avery Dennison (AVY), BB&T (BBT), Gannett (GCI), General Electric (GE), Johnson Controls (JCI), Legg Mason (LM), M&T Bank (MTB) , Pfizer (PFE), State Street Bank (STT) and U.S. Bancorp (USB). Brown Forman (BF.B) was appointed.

In 2009, 9 companies were removed from the index: Anheuser Busch (BUD), Bank of America (BAC), Comerica (CMA), Fifth Third Bank (FITB), Keycorp (KEY), Progressive Corp (PGR), Regions Financial ( RF), Synovus Financial (SNV) and Wrigley Company (WW), which was acquired by Mars, Incorporated. There were two additions: Bemis Company (BMS) and Leggett & Platt (LEG).

In 2008, the index included 52 companies.

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