2020 Dividend Aristocrats List — What Companies Made This Year’s List?

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We all know dividend-paying stocks can be a great way to earn steady income. But which ones are the best?

The 2019 S&P 500 Dividend Aristocrats list is made up of 57 companies that have increased their dividend yields (not just remained the same) for at least 25 years straight.

Keep in mind, just because they are on this list now doesn't mean in the future they will be forced to reduce their dividend.

Unfortunately, during the last recession, many investors found out their dividend was cut on their once-stable stock. For example, Pfizer Inc. (PFE) and General Electric Company (GE) both cut their dividends and were removed from the Dividend Aristocrat list in 2009.

This list has been updated for October 2019.
We'll update this page whenever changes are made.
Company Name Stock Ticker Symbol Dividend Rate (October 2019)
AbbVie Inc. ABBV 5.5%
Abbott Laboratories ABT 1.5%
Archer-Daniels-Midland Co. ADM 3.5%
Automatic Data Processing Inc. ADP 1.9%
Aflac Inc. AFL 2.0%
A.O. Smith AOS 1.6%
Air Products and Chemicals Inc. APD 2.1%
Becton, Dickinson and Co. BDX 1.2%
Franklin Resources Inc. BEN 3.7%
Brown-Forman Corp. B BF.B 1.0%
Cardinal Health Inc. CAH 3.7%
Caterpillar Inc. CAT 2.6%
Chubb Ltd. CB 1.9%
Cincinnati Financial Corp. CINF 1.9%
Colgate-Palmolive Co. CL 2.5%
The Clorox Co. CLX 2.6%
Cintas Corp. CTAS 0.7%
Chevron Corp. CVX 4.0%
Dover Corp. DOV 1.9%
Ecolab Inc. ECL 0.9%
Consolidated Edison Inc. ED 3.2%
Emerson Electric Co. EMR 2.8%
Federal Realty Investment Trust FRT 3.0%
General Dynamics Corp. GD 2.2%
Genuine Parts Co. GPC 3.0%
W.W. Grainger Inc. GWW 1.8%
Hormel Foods Corp. HRL 2.0%
Illinois Tool Works Inc. ITW 2.6%
Johnson & Johnson JNJ 2.9%
Kimberly-Clark Corp. KMB 3.0%
The Coca-Cola Co. KO 2.9%
Leggett & Platt Inc. LEG 3.5%
Linde PLC LIN 1.7%
Lowe's Companies Inc. LOW 1.8%
McDonald's Corp. MCD 2.2%
Medtronic plc MDT 1.9%
McCormick & Co. Inc. MKC 1.4%
3M Co. MMM 3.4%
Nucor Corp. NUE 3.1%
People's United Financial Inc. PBCT 4.3%
PepsiCo Inc. PEP 2.8%
The Procter & Gamble Co. PG 2.5%
Pentair plc PNR 1.8%
PPG Industries Inc. PPG 1.6%
Roper Technologies ROP 0.5%
The Sherwin-Williams Co. SHW 0.7%
S&P Global SPGI 0.9%
Stanley Black & Decker Inc. SWK 1.8%
Sysco Corp. SYY 1.9%
AT&T Inc. T 5.3%
Target Corp. TGT 2.3%
T. Rowe Price Group Inc. TROW 2.7%
United Technologies Corp. UTX 2.1%
V.F. Corp. VFC 2.2%
Walgreens Boots Alliance Inc. WBA 3.2%
Walmart Inc. WMT 1.8%
Exxon Mobil Corp. XOM 4.9%

Disclosure: Long XOM, JNJ, KO

As you can see from the list of stocks, this isn't exactly a list of highflying tech stocks like Apple (AAPL) or Alphabet (GOOGL). In fact, most people consider these stocks boring. But sometimes boring is better.

Also, keep in mind that an increasing dividend does not necessarily mean a company makes a great investment. This list is a great starting point for potential investments, but you should always do some stock market research.

At the time of writing, the 10-year Treasury bond is hovering around 1.75%, and the best 5-year CD yield is 2.45%. Many of these stocks have comparable or higher dividends. Plus, not only do you have the chance of an increasing dividend, but you also can benefit from a rising stock price. Members may be deleted during the December rebalancing if during the calendar year dividends did not increase, or intra-year if the stock is removed from the underlying S&P 500. Included is the historical list of stocks added/removed from prior years.

Instead of investing in individual stocks, there's an ETF that closely matches the entire Dividend Aristocats index. SPDR S&P Dividend (SDY) is an alternative and is more a diverse option.

Index Changes

2019 changes

Stocks Removed:

  • Praxair (acquired by Linde PLC)

Stocks Added:

  • Caterpillar Inc. – (CAT)
  • Chubb Ltd. – (CB)
  • Linde PLC – (LIN)
  • People's United Financial Inc. – (PBCT)
  • United Technologies Corp. – (UTX)

2018 changes

Stocks Removed:

  • None

Stocks Added:

  • Praxair (acquired by Linde PLC)
  • Roper Technologies – (ROP)
  • A.O. Smith – (AOS)

2017 changes

Stocks Removed:

  • Chubb Ltd. – (CB)
  • HCP Inc. – (HCP)
  • McGraw Hill Financial (Renamed S&P Global)
  • Exxon Mobil Corp. – (XOM)
  • C.R. Bard (Acquired by Becton Dickinson)

Stocks Added:

  • Federal Realty Investment Trust – (FRT)
  • General Dynamics Corp. – (GD)
  • S&P Global – (SPGI)

2016 changes

Stocks Removed:

  • Sigma-Aldrich Corp. (Acquired by Merck)

Stocks Added:

  • Pentair PLC – (PNR)

2015 changes

Stocks Removed:

  • Diebold Nixdorf – (DBD)

2014 changes

Stocks Removed:

  • Energen (Acquired by Diamondback)
  • Bemis (Removed from the S&P 500, later renamed Amcor PLC ) – (AMCR)
  • Family Dollar (Acquired by Dollar Tree) – (DLTR)

Stocks Added:

  • None

2013 changes

Stocks Removed:

  • Pitney Bowes Inc. – (PBI)

Stocks Added:

  • AbbVie Inc. – (ABBV)
  • Chevron Corp. – (CVX)
  • Cardinal Health Inc. – (CAH)
  • Pentair Ltd. – (PNR)

2012 changes

Stocks Removed:

  • CenturyLink Inc. – (CTL)

Stocks Added:

  • AT&T Inc. – (T)
  • Colgate-Palmolive Co. – (CL)
  • Franklin Resources Inc. – (BEN)
  • Genuine Parts Co. – (GPC)
  • HCP Inc. – (HCP)
  • Illinois Tool Works Inc. – (ITW)
  • Medtronic PLC – (MDT)
  • Nucor Corp. – (NUE)
  • Sysco Corp. – (SYY)
  • T Rowe Price Group Inc. – (TROW)

2011 changes

Stocks Removed:

  • Integrys Energy Group Inc
  • Eli Lilly & Co – (LLY)
  • Supervalu Inc. (Acquired by United Natural Foods Inc.) – (UNFI)

Stocks Added:

  • Ecolab Inc. – (ECL)
  • Hormel Foods Corporation – (HRL)
  • McCormick & Company – (MKC)

Larry Ludwig

Larry Ludwig was the founder and editor in chief of Investor Junkie. He graduated from Clemson University with a bachelor of science in computers and a minor in business. Back in the ’90s, I helped create some of the first financial websites for firms like Chase, T. Rowe Price, and ING Bank, and later went on to work for Nomura Securities. He’s had a passion for investing since he was 20 years old and has owned multiple businesses for over 20 years. He currently resides in Long Island, New York, with his wife and three children.

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21 Comments

  1. Do you have 25 year performance info for these dividend stocks?

    What has happened to Duke Energy dividends?
    They stopped paying a year ago.

      1. Thanks @Investor Junkie. These are good funds, but they’re still a bit disappointing compared to historical GNMA interest rates and ROI on peer-to-peer lending investments. It seems like a lot of risk for a 3.3% dividend yield. Is there something I’m missing?

        1. @Matthew, why not cherry-pick your favorite higher yielding stocks from this list and create your “personal” fund? You’re obviously involved in your portfolio management and are a critical thinker so I am sure you can put together a good list with a higher than 3.3% yield.

  2. Love the simplicity of buying all these divy paying stocks through etf’s like dvy and sdy, but any ideas on how to get similar stable divi yields in intl stocks through etf’s or high quality/low cost MF’s?

    I have averaged into MAPIX, to try and get some steady dividends outside US(in Asia yielding over 4%). Also have a little PID. Any other good International ETFs with stable dividends?

    I am looking to have the bulk of my portfolio in stable dividend equities, spread across the world.

    ** I guess the real trick internationally is to get the dividends while limiting exposure to the european financial time bombs.

  3. Didn’t NUE slash its dividend during 08-09? Great list though, I bookmarked the page.

  4. The turnover rate is alarming. Many people buy these stocks assuming their dividends will last forever. I doubt half of the stocks on the list will stay after 30 years. T, HCP, ED, LEG, CINF are probably on their way out soon.

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