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2025 Dividend Aristocrats List | Updated Daily | All 69 Analyzed


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    Article updated on March 3rd, 2025 by Bob Ciura
    Spreadsheet data updated daily

    The Dividend Aristocrats are a select group of 69 S&P 500 stocks with 25+ years of consecutive dividend increases.

    They are the ‘best of the best’ dividend growth stocks. The Dividend Aristocrats have a long history of outperforming the market.

    The requirements to be a Dividend Aristocrat are:

    There are currently 69 Dividend Aristocrats. You can download an Excel spreadsheet of all 69 (with metrics that matter such as dividend yields and price-to-earnings ratios) by clicking the link below:

     

    Click here to instantly download your free spreadsheet of all 69 Dividend Aristocrats now, along with important investing metrics.

    Disclaimer: Sure Dividend is not affiliated with S&P Global in any way. S&P Global owns and maintains The Dividend Aristocrats Index. The information in this article and downloadable spreadsheet is based on Sure Dividend’s own review, summary, and analysis of the S&P 500 Dividend Aristocrats ETF (NOBL) and other sources, and is meant to help individual investors better understand this ETF and the index upon which it is based. None of the information in this article or spreadsheet is official data from S&P Global. Consult S&P Global for official information.

    Note 1: On January 24th, 2025, Erie Indemnity (ERIE), Eversource Energy (ES), and FactSet Research System (FDS) were added to the list with no deletions, leaving 69 Dividend Aristocrats.

    Source: S&P News Releases.

    You can see detailed analysis on all 69 further below in this article, in our Dividend Aristocrats In Focus Series. Analysis includes valuation, growth, and competitive advantage(s).

    Table of Contents

    How to Use The Dividend Aristocrats List To Find Dividend Investment Ideas

    The downloadable Dividend Aristocrats Excel Spreadsheet List above contains the following for each stock in the index:

    All Dividend Aristocrats are high-quality businesses based on their long dividend histories. A company cannot pay rising dividends for 25+ years without having a strong and durable competitive advantage.

    But not all Dividend Aristocrats make equally good investments today. That’s where the spreadsheet in this article comes into play. You can use the Dividend Aristocrats spreadsheet to quickly find quality dividend investment ideas.

    The list of all Dividend Aristocrats is valuable because it gives you a concise list of all S&P 500 stocks with 25+ consecutive years of dividend increases (that also meet certain minimum size and liquidity requirements).

    These are businesses that have both the desire and ability to pay shareholders rising dividends year-after-year. This is a rare combination.

    Together, these two criteria are powerful – but they are not enough. Value must be considered as well.

    The spreadsheet above allows you to sort by trailing price-to-earnings ratio so you can quickly find undervalued, high-quality dividend stocks.

    Here’s how to use the Dividend Aristocrats list to quickly find high-quality dividend growth stocks potentially trading at a discount:

    1. Download the list
    2. Sort by ‘Trailing PE Ratio,’ smallest to largest
    3. Research the top stocks further

    Here’s how to do this quickly in the spreadsheet:

    Step 1: Download the list, and open it.

    Step 2: Apply a filter function to each column in the spreadsheet.

    Step 3: Click on the small gray down arrow next to ‘Trailing P/E Ratio’, and then sort smallest to largest.

    Step 4: Review the highest ranked Dividend Aristocrats before investing. You can see detailed analysis on every Dividend Aristocrat found below in this article.

    That’s it; you can follow the same procedure to sort by any other metric in the spreadsheet.

    Performance Of The Dividend Aristocrats

    In February 2025, the Dividend Aristocrats, as measured by the Dividend Aristocrats ETF (NOBL), registered a total return of 1.7%. It out-performed the SPDR S&P 500 ETF (SPY) for the month.

    Short-term performance is mostly noise. Performance should be measured over a minimum of 3 years, and preferably longer periods of time.

    The Dividend Aristocrats Index has slightly under-performed the broader market index over the last decade, with a 9.87% total annual return for the Dividend Aristocrats and a 12.89% total annual return for the S&P 500 Index.

    But the Dividend Aristocrats have exhibited lower risk than the benchmark, as measured by standard deviation.

    Source: S&P Fact Sheet

    Higher total returns with lower volatility is the ‘holy grail’ of investing. It is worth exploring the characteristics of the Dividend Aristocrats in detail to determine why they have performed so well.

    Note that a good portion of the outperformance relative to the S&P 500 comes during recessions (2000 – 2002, 2008). Dividend Aristocrats have historically seen smaller drawdowns during recessions versus the S&P 500. This makes holding through recessions that much easier.

    Case-in-point: In 2008 the Dividend Aristocrats Index declined 22%. That same year, the S&P 500 declined 38%.

    Great businesses with strong competitive advantages tend to be able to generate stronger cash flows during recessions. This allows them to gain market share while weaker businesses fight to stay alive.

    The Dividend Aristocrats Index has beaten the market over the last 28 years…

    We believe dividend paying stocks outperform non-dividend paying stocks for three reasons:

    1. A company that pays dividends is likely to be generating earnings or cash flows so that it can pay dividends to shareholders. This excludes ‘pre-earnings’ start-ups and failing businesses. In short, it excludes the riskiest stocks.
    2. A business that pays consistent dividends must be more selective with the growth projects it takes on because a portion of its cash flows are being paid out as dividends. Scrutinizing over capital allocation decisions likely adds to shareholder value.
    3. Stocks that pay dividends are willing to reward shareholders with cash payments. This is a sign that management is shareholder friendly.

    In our view, Dividend Aristocrats have historically outperformed the market and other dividend paying stocks because they are, on average, higher-quality businesses.

    A high-quality business should outperform a mediocre business over a long period of time, all other things being equal.

    For a business to increase its dividends for 25+ consecutive years, it must have or at least had in the very recent past a strong competitive advantage.

    Sector Overview

    A sector breakdown of the Dividend Aristocrats Index is shown below:

    The Dividend Aristocrats Index is tilted toward Consumer Staples and Industrials relative to the S&P 500. These 2 sectors make up over 40% of the Dividend Aristocrats Index, but less than 20% of the S&P 500.

    The Dividend Aristocrats Index is also significantly underweight the Information Technology sector, with a ~3% allocation compared with over 20% allocation within the S&P 500.

    The Dividend Aristocrat Index is filled with stable ‘old economy’ blue chip consumer products businesses and manufacturers; the Coca-Cola’s (KO), and Johnson & Johnson’s (JNJ) of the investing world.

    These ‘boring’ businesses aren’t likely to generate 20%+ earnings-per-share growth, but they also are very unlikely to see large earnings drawdowns as well.

    The 10 Best Dividend Aristocrats Now

    This research report examines the 10 best Dividend Aristocrats from our Sure Analysis Research Database with the highest 5-year forward expected total returns.

    Dividend Aristocrat #10: Target Corporation (TGT)

    Target was founded in 1902 and now operates about 1,850 big box stores, which offer general merchandise and food, as well as serving as distribution points for the company’s e-commerce business.

    Target posted third quarter earnings on November 20th, 2024. Third quarter revenue was $25.67 billion, up 1.1% year-over-year, but missing estimates by $230 million. Adjusted earnings-per-share came to $1.85, which missed estimates by a staggering 45 cents, or 20%.

    For Q3, comparable sales were up just 0.3%, missing estimates of 1.5%. Guest traffic was up 2.4% in the quarter while digital comparable sales rose 10.8%. Gains there were led by Target Circle 360 and Drive Up.

    Operating margin was 4.6% of revenue, down from 5.2% a year ago. Gross margins were off 20 basis points to 27.2% of revenue, reflecting higher digital fulfillment and supply chain costs.

    Click here to download our most recent Sure Analysis report on TGT (preview of page 1 of 3 shown below):

    Dividend Aristocrat #9: Brown-Forman (BF.B)

    Brown-Forman is an alcoholic beverage company that is based in Louisville. The company was founded in 1870. Brown-Forman produces and sells whiskey, vodka, tequila, champagne, and wine.

    Its portfolio includes a range of mostly premium brands, such as Jack Daniel’s, Finlandia Vodka, Old Forester, and many others.

    Brown-Forman reported revenues of $1.1 billion for its second quarter (fiscal 2025) earnings results. The company’s revenues were down by 1% compared to the previous year’s quarter. Brown-Forman’s revenues came in ahead of the analyst consensus, unlike during the previous quarter.

    The sequential growth rate was also positive, while the year-over-year performance improved as well, relative to the previous quarter. In constant currencies, Brown-Forman experienced a revenue increase, but a strengthening US Dollar was a bit of a headwind for the company.

    Brown-Forman’s earnings-per-share improved compared to the previous year’s quarter, despite slightly lower revenues.

    The company saw its operating profit improve by 1% during the quarter, thanks to tight cost controls that fully offset the headwinds from lower revenue generation. Earnings-per-share were up by a nice 9% year-over-year.

    Click here to download our most recent Sure Analysis report on BF.B (preview of page 1 of 3 shown below):

    Dividend Aristocrat #8: Sysco Corporation (SYY)

    Sysco Corporation is the largest wholesale food distributor in the United States. The company serves 600,000 locations with food delivery, including restaurants, hospitals, schools, hotels, and other facilities.

    Source: Investor Presentation

    On January 28th, 2025, Sysco reported second-quarter results for Fiscal Year (FY)2025. The company reported a 4.5% increase in sales for the second quarter of fiscal year 2025, reaching $20.2 billion.

    U.S. Foodservice volume grew by 1.4%, while gross profit rose 3.9% to $3.7 billion. Operating income increased 1.7% to $712 million, with adjusted operating income growing 5.1% to $783 million. Earnings per share (EPS) remained at $0.82, while adjusted EPS grew 4.5% to $0.93.

    The company reaffirmed its full-year guidance, projecting sales growth of 4%-5% and adjusted EPS growth of 6%-7%.

    Click here to download our most recent Sure Analysis report on SYY (preview of page 1 of 3 shown below):

    Dividend Aristocrat #7: Becton Dickinson & Co. (BDX)

    Becton, Dickinson & Co. is a global leader in the medical supply industry. The company was founded in 1897 and has 75,000 employees across 190 countries.

    The company generates about $20 billion in annual revenue, with approximately 43% of revenues coming from outside of the U.S.

    On February 5th, 2025, BD released results for the first quarter of fiscal year 2025, which ended December 31st, 2024. For the quarter, revenue increased 9.8% to $5.17 billion, which was $60 million more than expected.

    Source: Investor Presentation

    On a currency neutral basis, revenue improved 9.6%. Adjusted earnings-per-share of $3.43 compared favorably to $2.68 in the prior year and was $0.44 ahead of estimates.

    For the quarter, U.S. grew 12% while international was up 6.7% on a reported basis. Excluding currency, international was higher by 6.3%. Organic growth was up 3.9% for the period.

    The Medical segment grew 17.1% organically to $2.62 billion, mostly due to gains in Mediation Management Solutions and Medication Delivery Solutions. Life Science was up 0.5% to $1.3 billion.

    Click here to download our most recent Sure Analysis report on BDX (preview of page 1 of 3 shown below):

    Dividend Aristocrat #6: Nordson Corporation (NDSN)

    Nordson was founded in 1954 in Amherst, Ohio by brothers Eric and Evan Nord, but the company can trace its roots back to 1909 with the U.S. Automatic Company.

    Today the company has operations in over 35 countries and engineers, manufactures, and markets products used for dispensing adhesives, coatings, sealants, biomaterials, plastics, and other materials, with applications ranging from diapers and straws to cell phones and aerospace.

    Source: Investor Presentation

    On December 11th, 2024, Nordson reported fourth quarter results for the period ending October 31st, 2024. For the quarter, the company reported sales of $744 million, 4% higher compared to $719 million in Q4 2023, which was driven by a positive acquisition impact, and offset by organic decrease of 3%.

    Industrial Precision saw sales decrease by 3%, while the Medical and Fluid Solutions and Advanced Technology Solutions segments had sales increases of 19% and 5%, respectively.

    The company generated adjusted earnings per share of $2.78, a 3% increase compared to the same prior year period.

    Click here to download our most recent Sure Analysis report on NDSN (preview of page 1 of 3 shown below):

    Dividend Aristocrat #5: Archer Daniels Midland (ADM)

    Archer-Daniels-Midland is the largest publicly traded farmland product company in the United States. Archer-Daniels-Midland’s businesses include processing cereal grains, oilseeds, and agricultural storage and transportation.

    Archer-Daniels-Midland reported its third-quarter results for Fiscal Year (FY) 2024 on November 18th, 2024.

    The company reported adjusted net earnings of $530 million and adjusted EPS of $1.09, both down from the prior year due to a $461 million non-cash charge related to its Wilmar equity investment.

    Consolidated cash flows year-to-date reached $2.34 billion, reflecting strong operations despite market challenges.

    Click here to download our most recent Sure Analysis report on ADM (preview of page 1 of 3 shown below):

    Dividend Aristocrat #4: PPG Industries (PPG)

    PPG Industries is the world’s largest paints and coatings company. Its only competitors of similar size are Sherwin-Williams and Dutch paint company Akzo Nobel.

    PPG Industries was founded in 1883 as a manufacturer and distributor of glass (its name stands for Pittsburgh Plate Glass) and today has approximately 3,500 technical employees located in more than 70 countries at 100 locations.

    On January 31st, 2025, PPG Industries announced fourth quarter and full year results for the period ending December 31st, 2024. For the quarter, revenue declined 4.6% to $3.73 billion and missed estimates by $241 million.

    Adjusted net income of $375 million, or $1.61 per share, compared favorably to adjusted net income of $372 million, or $1.56 per share, in the prior year. Adjusted earnings-per-share was $0.02 below expectations.

    For the year, revenue from continuing operations decreased 2% to $15.8 billion while adjusted earnings-per-share totaled $7.87.

    PPG Industries repurchased ~$750 million worth of shares during 2024 and has $2.8 billion, or ~10.3% of its current market capitalization, remaining on its share repurchase authorization. The company expects to repurchase ~$400 million worth of shares in Q1 2025.

    For 2025, the company expects adjusted earnings-per-share in a range of $7.75 to $8.05.

    Click here to download our most recent Sure Analysis report on PPG (preview of page 1 of 3 shown below):

    Dividend Aristocrat #3: PepsiCo Inc. (PEP)

    PepsiCo is a global food and beverage company. Its products include Pepsi, Mountain Dew, Frito-Lay chips, Gatorade, Tropicana orange juice and Quaker foods.

    Its business is split roughly 60-40 in terms of food and beverage revenue. It is also balanced geographically between the U.S. and the rest of the world.

    Source: Investor Presentation

    On February 4th, 2025, PepsiCo announced that it would increase its annualized dividend by 5.0% to $5.69 starting with the payment that was made in June 2025, extending the company’s dividend growth streak to 53 consecutive years.

    That same day, PepsiCo announced fourth quarter and full year results for the period ending December 31st, 2025. For the quarter, revenue decreased 0.3% to $27.8 billion, which was $110 million below estimates.

    Adjusted earnings-per-share of $1.96 compared favorably to $1.78 the prior year and was $0.02 better than excepted.

    For the year, revenue grew 0.4% to $91.9 billion while adjusted earnings-per-share of $8.16 compared to $7.62 in 2023. Currency exchange reduced revenue by 2% and earnings-per-share by 4%.

    Click here to download our most recent Sure Analysis report on PEP (preview of page 1 of 3 shown below):

    Dividend Aristocrat #2: Hormel Foods (HRL)

    Hormel Foods is a juggernaut in the food products industry with nearly $10 billion in annual revenue. It has a large portfolio of category-leading brands. Just a few of its top brands include include Skippy, SPAM, Applegate, Justin’s, and more than 30 others.

    It has also pursued acquisitions to drive growth. For example, in 2021, Hormel acquired the Planters snack nuts business from Kraft-Heinz (KHC) for $3.35 billion, which has boosted Hormel’s growth.

    Source: Investor Presentation

    Hormel posted fourth quarter and full-year earnings on December 4th, 2024, and results were in line with expectations.

    The company posted adjusted earnings-per-share of 42 cents, which met estimates. Revenue was off 2% year-on-year to $3.14 billion, also hitting estimates.

    Operating income was $308 million for the quarter on an adjusted basis, or 9.8% of revenue. Operating cash flow was $409 million for Q4.

    For the year, sales were $11.9 billion, and adjusted operating income was $1.1 billion, or 9.6% of revenue. Adjusted earnings-per-share was $1.58. Operating cash flow hit a record of $1.3 billion.

    Click here to download our most recent Sure Analysis report on Hormel (preview of page 1 of 3 shown below):

    Dividend Aristocrat #1: Eversource Energy (ES)

    Eversource Energy is a diversified holding company with subsidiaries that provide regulated electric, gas, and water distribution service in the Northeast U.S.

    FactSet, Erie Indemnity, and Eversource Energy are the three new Dividend Aristocrats for 2025.

    The company’s utilities serve more than 4 million customers after acquiring NStar’s Massachusetts utilities in 2012, Aquarion in 2017, and Columbia Gas in 2020.

    Eversource has delivered steady growth to shareholders for many years.

    Source: Investor Presentation

    On February 11th, 2025, Eversource Energy released its fourth-quarter and full-year 2024 results. For the quarter, the company reported net earnings of $72.5 million, a significant improvement from a net loss of $(1,288.5) million in the same quarter of last year, which reflected the impact of the company’s exit from offshore wind investments.

    The company reported earnings per share of $0.20, compared with a loss per share of $(3.68) in the prior year. For the full year 2024, Eversource reported GAAP earnings of $811.7 million, or $2.27 per share, compared with a full-year 2023 loss of $(442.2) million, or $(1.26) per share.

    On a non-GAAP recurring basis, the company earned $1,634.0 million, or $4.57 per share, representing a 5.3% increase from 2023.

    Click here to download our most recent Sure Analysis report on ES (preview of page 1 of 3 shown below):

    The Dividend Aristocrats In Focus Analysis Series

    You can see analysis on every single Dividend Aristocrat below. Each is sorted by GICS sectors and listed in alphabetical order by name. The newest Sure Analysis Research Database report for each security is included as well.

    Consumer Staples

    Industrials

    Health Care

    Consumer Discretionary

    Financials

    Materials

    Energy

    Information Technology

    Real Estate

    Utilities

    Historical Dividend Aristocrats List
    (1989 – 2025)

    The image below shows the history of the Dividend Aristocrats Index from 1989 through 2025:

    Note: CL, GPC, and NUE were all removed and re-added to the Dividend Aristocrats Index through the historical period analyzed above. We are unsure as to why. Companies created via a spin-off (like AbbVie) can be Dividend Aristocrats with less than 25 years of rising dividends if the parent company was a Dividend Aristocrat.

    Disclaimer: Sure Dividend is not affiliated with S&P Global in any way. S&P Global owns and maintains The Dividend Aristocrats Index. The information in this article and downloadable spreadsheet and image below is based on Sure Dividend’s own review, summary, and analysis of the S&P 500 Dividend Aristocrats ETF (NOBL) and other sources, and is meant to help individual investors better understand this ETF and the index upon which it is based. None of the information in this article or spreadsheet is official data from S&P Global. Consult S&P Global for official information.

     

    Click here to instantly download your free historical Dividend Aristocrats spreadsheet, which includes all Dividend Aristocrats from 1989-2025.

    This information was compiled from the following sources:

    Frequently Asked Questions

    This section will address some of most common questions investors have regarding the Dividend Aristocrats.

    1. What is the highest-paying Dividend Aristocrat?

    Answer: Franklin Resources (BEN) currently yields 6.3%.

    2. What is the difference between the Dividend Aristocrats and the Dividend Kings?

    Answer: The Dividend Aristocrats must be constituents of the S&P 500 Index, have raised their dividends for at least 25 consecutive years, and satisfy a number of liquidity requirements.

    The Dividend Kings only need to have raised their dividends for at least 50 consecutive years.

    3. Is there an ETF that tracks the Dividend Aristocrats?

    Answer: Yes, the Dividend Aristocrats ETF (NOBL) is an exchange-traded fund that specifically holds the Dividend Aristocrats.

    4. What is the difference between the Dividend Aristocrats and the Dividend Champions?

    Answer: The Dividend Aristocrats and Dividend Champions share one requirement, which is that a company must have raised its dividend for at least 25 consecutive years.

    But like the Dividend Kings, the Dividend Champions do not need to be in the S&P 500 Index, nor satisfy the various liquidity requirements.

    5. Which Dividend Aristocrat has the longest active streak of annual dividend increases?

    Currently, there are 3 Dividend Aristocrats tied at 69 years: Procter & Gamble, Genuine Parts, and Dover Corporation.

    6. What is the average dividend yield of the Dividend Aristocrats?

    Right now, the average dividend yield of the Dividend Aristocrats is 2.0%.

    7. Are the Dividend Aristocrats safe investments?

    While there are never any guarantees when it comes to the stock market, we believe the Dividend Aristocrats are among the safest dividend stocks when it comes to the sustainability of their dividend payouts.

    The Dividend Aristocrats have durable competitive advantages that allow them to raise their dividends each year, even during a recession.

    Other Dividend Lists & Final Thoughts

    The Dividend Aristocrats list is not the only way to quickly screen for stocks that regularly pay rising dividends.

    There is nothing magical about the Dividend Aristocrats. They are ‘just’ a collection of high-quality shareholder friendly stocks that have strong competitive advantages.

    Purchasing these types of stocks at fair or better prices and holding for the long-run will likely result in favorable long-term performance.

    Thanks for reading this article. Please send any feedback, corrections, or questions to support@suredividend.com.



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