2023 Dividend Aristocrats List
What 65 Stocks Made This Year's List?
We all know dividend-paying stocks can be a great way to earn steady income. But which ones are the best?
The 2022 S&P 500 Dividend Aristocrats list is made up of 65 companies that have increased their dividend yields (not just remained the same) for at least 25 years straight.
2022 Dividend Aristocrats List
This list has been updated for 2022.
We'll update this page whenever changes are made.
| Company Name | Stock Ticker Symbol | Dividend Rate |
|---|---|---|
| 3M Co. | MMM | 3.70% |
| A.O. Smith Corp. | AOS | 1.50% |
| Abbott Laboratories | ABT | 1.50% |
| AbbVie Inc. | ABBV | 4.50% |
| Aflac Inc. | AFL | 2.50% |
| Air Products and Chemicals Inc. | APD | 2.60% |
| Albemarle Corp. | ALB | 0.70% |
| Amcor PLC | AMCR | 4.20% |
| Archer-Daniels-Midland Co. | ADM | 2.10% |
| Atmos Energy Corp. | ATO | 2.60% |
| Automatic Data Processing Inc. | ADP | 2% |
| Becton, Dickinson & Co. | BDX | 1.30% |
| Brown & Brown Inc. | BRO | 0.60% |
| Brown-Forman Corp. BF-B | BF-B | 1.10% |
| Cardinal Health Inc. | CAH | 3.60% |
| Caterpillar Inc. | CAT | 2.20% |
| Chevron Corp. | CVX | 4.10% |
| Chubb Ltd. | CB | 1.60% |
| Church & Dwight Co. Inc. | CHD | 1% |
| Cincinnati Financial Corp. | CINF | 2.20% |
| Cintas Corp. | CTAS | 1% |
| Colgate-Palmolive Co. | CL | 2.20% |
| Consolidated Edison Inc. | ED | 3.70% |
| Dover Corp. | DOV | 1.20% |
| Ecolab Inc. | ECL | 1.10% |
| Emerson Electric Co. | EMR | 2.10% |
| Essex Property Trust Inc. | ESS | 2.70% |
| Expeditors International of Washington Inc. | EXPD | 1.10% |
| ExxonMobil Corp. | XOM | 4.30% |
| Federal Realty Investment Trust | FRT | 3.50% |
| Franklin Resources Inc. | BEN | 3.70% |
| General Dynamics Corp. | GD | 2.20% |
| Genuine Parts Co. | GPC | 2.50% |
| Hormel Foods Corp. | HRL | 2.20% |
| Illinois Tool Works Inc. | ITW | 2.20% |
| International Business Machines Corp. | IBM | 4.80% |
| Johnson & Johnson | JNJ | 2.50% |
| Kimberly-Clark Corp. | KMB | 3.50% |
| Linde PLC | LIN | 1.40% |
| Lowe's Cos. Inc. | LOW | 1.40% |
| McCormick & Co. | MKC | 1.40% |
| McDonald's Corp. | MCD | 2.10% |
| Medtronic PLC | MDT | 2.50% |
| NextEra Energy Inc. | NEE | 2% |
| Nucor Corp. | NUE | 1.70% |
| Pentair PLC | PNR | 1.40% |
| People's United Financial Inc. | PBCT | 3.40% |
| PepsiCo Inc. | PEP | 2.50% |
| PPG Industries Inc. | PPG | 1.50% |
| Procter & Gamble Co. | PG | 2.20% |
| Realty Income Corp. | O | 4.40% |
| Roper Technologies Inc. | ROP | 0.60% |
| S&P Global Inc. SPGI | SPGI | 0.80% |
| Sherwin-Williams Co. | SHW | 0.80% |
| Stanley Black & Decker Inc. | SWK | 1.90% |
| Sysco Corp. | SYY | 2.30% |
| T. Rowe Price Group Inc. | TROW | 2.90% |
| Target Corp. | TGT | 1.70% |
| The Clorox Co. | CLX | 3.20% |
| The Coca-Cola Co. | KO | 2.70% |
| VF Corp. | VFC | 3.20% |
| W.W. Grainger Inc. | GWW | 1.30% |
| Walgreens Boots Alliance Inc. | WBA | 3.80% |
| Walmart Inc. | WMT | 1.60% |
| West Pharmaceutical Services Inc. | WST | 0.20% |
Makeup of the Dividend Aristocrats Index
As you can see from the list of stocks, this isn't exactly a list of high-flying 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 3%, and the best 5-year CD yield is 2.15%. 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.
How to Invest in the Dividend Aristocrats
You can of the Dividend Aristocrats listed above by opening a brokerage account and purchasing shares of each company's stock. If you want to spread your money out evenly to all 65 companies, you may want to look for brokerages that offer fractional share investing.
Instead of investing in individual stocks, you could buy shares of the ProShares S&P 500 Aristocrats ETF (NOBL) which closely matches the entire Dividend Aristocrats Index. Alternatively, you could invest in the SPDR S&P Dividend (SDY) ETF which is a more diverse option.
Dividend Aristocrats Index Changes
Keep in mind, just because they are on this list now doesn't mean they will be next year (or even next quarter). Unfortunately, during the last recession, many investors found out their dividend was cut on their once-stable stock.
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 the Dividend Aristocrats Index each year since 2011.
2022 changes:
Stocks Removed:
- AT&T Inc. (T)
Stocks Added:
2021 changes:
Stocks Removed:
- Raytheon (RTX)
- Carrier Global (CARR)
- Otis Worldwide (OTIS)
- Church and Dwight (CHD)
- Stryker Corporation (SYK)
- Leggett & Platt (LEG)
Stocks Added:
2020 changes
Stocks Removed:
Stocks Added:
- Amcor (AMCR)
- Atmos Energy (ATO)
- Realty Income Corporation (O)
- Essex Property Trust (ESS)
- Ross Stores (ROST)
- Albemarle Corporation (ALB)
- Expeditors International (EXPD)
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:
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:
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:
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:
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.
Facts, dw, matter.
Speculation, based on ……feelings? I’ll pass on your ‘advice’.
Didn’t T cut its dividend in 2009? The S&P sheet shows that way.
Hi Warren,
We’ll research this and get back to you.
I am surprised IBM is not on this list. Boring is good for building long term wealth!
Didn’t NUE slash its dividend during 08-09? Great list though, I bookmarked the page.
If it’s true then S&P’s data is incorrect.
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.
@InvestorJunkie – Are there any dividend mutual funds you like
Hi Matthew,
In this case I like index based funds, specifically ETFs. Especially in my case since Fidelity offers commission free and can add incrementally with no fee.
DVY is more my favorite though.
VYM from Vanguard also looks good.
http://www.morningstar.com/etfs/ARCX/VYM/quote.html
SDY
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?
I agree, though GNMA aren’t perfect either.
See this recent article:
http://www.cbsnews.com/news/gnmas-you-can-do-better/
And this discussion on the Bogleheads forum:
http://rij.cc/qBzPNV
Very helpful – Thank you!
@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.
Do you have 25 year performance info for these dividend stocks?
What has happened to Duke Energy dividends?
They stopped paying a year ago.
No, Morningstar goes back only ten years (as do most sites).
Supervalu was a good deal while it lasted.
I’ve seen some data that over long periods of time, the Aristocrats outperform the major indices too. Good stuff.
Yes. I’m an dividend lover also. Do you have a link on the aristocrats data?
Dividends are an indication of excess profits and there is nothing wrong with that. Shareholders love consistent performance of companies whether profit or dividends.