Finding Value
The CFRA’s Dividend Aristocrats is an annual list of S&P 500 (SP500) firms that have increased their dividends for at least 25 years in a row. CFRA experts rate these equities four and five stars, respectively.
According to analyst Raymond Jarvis, from January 1926 to December 2023, the S&P 500’s annualized total return was 10.37% each year, with a dividend component accounting for approximately 38.08% of the return.
Howard Silverblatt, senior index analyst for S&P Dow Jones Indices, stated that “for 2024 dividends, the initial projection is positive, but minimal, due to the economy’s uncertainty, the timing of interest rate cuts, and the changing patterns of dividends.”
He also mentioned that the US common dividend increases for 2023 were $65.1 billion, a 21.1% decrease from 2022.
Here are the Dividend Aristocrats with 4- and 5-star ratings for 2024:
Abbott Laboratories (ABT) has increased dividends for 51 consecutive years, with a 2% yield.
AbbVie Inc. (ABBV) has raised dividends for 51 consecutive years, yielding 3.8%.
Air Products & Chemicals (APD) has raised dividends for 41 consecutive years, with a 2.7% yield.
Albemarle Corp. (ALB) has raised dividends for 29 consecutive years, with a yield of 1.3%.
C.H. Robinson Worldwide (CHRW) has raised its dividend for 26 consecutive years, yielding 2.8%.
Chevron Corp. (CVX) has raised dividends for 36 consecutive years, yielding 4.1%.
Chubb Limited (CB) has increased dividends for 30 years and pays a 1.4% return.
Cincinnati Financial (CINF) has increased dividends for 41 consecutive years and has a 2.7% yield.
Coca-Cola Co. (KO) has raised dividends for 61 consecutive years, yielding 3.1%.
Dover Corp. (DOV) has raised dividends for 61 consecutive years, yielding 1.4%.
Emerson Electric Co. (EMR) has raised its dividend for 61 consecutive years, yielding 2.3%.
Exxon Mobil Corp. (XOM) has raised dividends for 41 consecutive years, yielding 3.7%.
Federal Realty Investment Trust (FRT) has increased dividends for 51 consecutive years, yielding 4.7%.
International Business Machines (IBM) has raised dividends for 28 consecutive years, yielding 3.6%.
Linde Plc. (LIN) has increased its dividend for 31 consecutive years, yielding 1.4%.
McDonald’s Corp. (MCD) has raised dividends for 47 consecutive years, yielding 2.3%.
Medtronic Plc. (MDT) has raised dividends for 46 consecutive years, yielding 3.2%.
NextEra Energy (NEE) has raised dividends for 28 consecutive years, yielding 3.2%.
PepsiCo Inc. (PEP) has raised dividends for 51 consecutive years, yielding 3%.
Procter & Gamble Co. (PG) has raised dividends for 61 consecutive years, yielding 2.4%.
S&P Global Inc. (SPGI) has increased dividends for 50 consecutive years and yields 0.8%.
Sherwin-Williams Company (SHW) has increased dividends for 44 consecutive years, with a 1% yield.
V.F. Corp. (VFC) has raised dividends for 51 consecutive years, with a 2.1% yield.
Walmart Inc. (WMT) has increased dividends for 50 consecutive years, with a 1.4% yield.
West Pharmaceuticals (WST) has increased its dividend for 31 consecutive years, at a yield of 0.2%.
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