Dividend Aristocrats is a group of few dozen S&P 500 companies that have a record of boosting their annual dividend distribution amount for at least the last 25 consecutive years.

Published in 1989, the first list of Dividend Aristocrats contained 26 companies. Rebalancing of the Dividend Aristocrats’ list to add and drop companies based on their eligibility occurs quarterly in January, April, July and October. After the initial Dividend Aristocratslist in 1989, some companies dropped off the list for failing to meet the eligibility requirements and other companies extended their consecutive annual dividend hikes streaks to reach the 25-year eligibility milestone. More companies joined list then dropped off, and the list expanded to peak at 64 companies in 2001.

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By the financial crisis in 2008, the number of Dividend Aristocrats declined to 52. Many of the Dividend Aristocrats succumbed to the negative effects in the aftermath of the crisis and nine dropped off the list – eight for failing to meet eligibility requirements and Mars, Incorporated  acquired the Wrigley Company. As the markets and the overall economy recovered from the recession the Dividend aristocrats list began expanding again and currently includes 57 companies. The 57 Dividend Aristocrats are listed below in ascending order by number of consecutive annual dividend hikes.

The Dividend Aristocrats investment strategy has outperformed the overall stock market over an extended period. Please read our article: Why Invest in the Dividend Aristocrats?

To invest in the Dividend Aristocrats, please read these 2 articles:

The Best Dividend Aristocrat ETFs

5 Best Dividend Aristocrats Stocks to Buy Now

Recent changes to the list of dividend aristocrats are as follows: 

– On January 24th, 2020, the list of total Dividend Aristocrats was increased from 57 to 64 when Amcor (AMCR), Atmos Energy (ATO), Realty Income (O), Essex Property Trust (ESS), Ross Stores (ROST), Albemarle (ALB), and Expeditors International (EXPD) were added to the list. 

– The list increased again on March 31, 2020 to include 66 companies. This increase occurred because United Technologies merged with Raytheon to form Raytheon Technologies, changed its ticker to RTX, and spun off Carrier Global (CARR) and Otis Worldwide (OTIS). 

Source: S&P News Releases 

The following chart breaks down the dividend aristocrat list by sector, depicting what percentage of the list is made up by each sector.

Source: S&P Fact Sheet 

Dividend Aristocrats as of June 2020

Amcor Plc (NYSE: AMCR)

Market Cap: $15.66 billion 

Sector: Materials 

Consecutive Annual Dividend Hikes: 25

June 29, 2020 Closing Price: $9.95

Total one-year return: – 9.36%

Dividend Yield: 4.72%

Atmos Energy Corp. (NYSE: ATO)

Market Cap: $12.03 billion 

Sector: Utilities 

Consecutive Annual Dividend Hikes: 25

June 29, 2020 Closing Price: $98.38

Total one-year return: – 4.67%

Dividend Yield: 2.34%

Realty Income Corp. (NYSE: O)

Market Cap: $20.52 billion 

Sector: Financials

Consecutive Annual Dividend Hikes: 25

June 29, 2020 Closing Price: $59.78

Total one-year return: -9.32%

Dividend Yield: 4.68%

Essex Property Trust, Inc. (NYSE: ESS)

Market Cap: $14.81 billion

Sector: Financials 

Consecutive Annual Dividend Hikes: 25

June 29, 2020 Closing Price: $226.43

Total one-year return: -19.68%

Dividend Yield: 3.67%

Albemarle Corp. (NYSE: ALB)

Market Cap: $8.1 billion

Sector: Materials

Consecutive Annual Dividend Hikes: 25

June 29, 2020 Closing Price: $76.33

Total one-year return: 10.55%

Dividend Yield: 2.02%

Expeditors International of Washington, Inc. (NASDAQ: EXPD)

Market Cap: $12.6 billion

Sector: Industrials 

Consecutive Annual Dividend Hikes: 25

June 29, 2020 Closing Price: $74.30

Total one-year return: – 0.71%

Dividend Yield: 1.40%

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Otis Worldwide Corp. (NYSE: OTIS)

Market Cap: $24.49 billion

Sector: Industrials 

Consecutive Annual Dividend Hikes: 26

June 29, 2020 Closing Price: $56.57

Total one-year return: 0% (OTIS has not been its own company for 12 months yet) 

Dividend Yield: 1.41%

Carrier Global Corp (NYSE: CARR)

Market Cap: $19.15 billion

Sector: IT & Communications

Consecutive Annual Dividend Hikes: 26

June 29, 2020 Closing Price: $22.12

Total one-year return: 0% (CARR has not been its own company for 12 months yet) 

Dividend Yield: 1.45%

Raytheon Technologies Corp. (NYSE: RTX)

Market Cap: $90.9 billion

Sector: Industrials

Consecutive Annual Dividend Hikes: 26

June 29, 2020 Closing Price: $61.92

Total one-year return: – 16.46%

Dividend Yield: 3.07%

Caterpillar, Inc. (NYSE:CAT)

Market Cap: $67.87 billion

Sector: Industrials

Consecutive Annual Dividend Hikes: 26 Years

June 29, 2020  Closing Price: $125.25

Total one-year return: -4.32%%

Dividend Yield: 3.29%

Chubb Ltd. (NYSE:CB)

Market Cap: $56.73 billion

Sector: Financials

Consecutive Annual Dividend Hikes: 26 Years

June 29, 2020  Closing Price: $125.70

Total one-year return: – 12.60%

Dividend Yield: 2.48%

 Dividend Yield: 1.98%

A. O. Smith Corporation (NYSE:AOS)

Market Cap: $6.27 billion

Sector: Consumer Products

Consecutive Annual Dividend Hikes: 26 Years

June 29, 2020  Closing Price: $46.44

Total one-year return: 0.47%

Dividend Yield: 2.07%

Linde Plc (NYSE:LIN)

Market Cap: $110.96 billion

Sector: Materials

Consecutive Annual Dividend Hikes: 26 Years

June 29, 2020  Closing Price: $211.28

Total one-year return: 7.05%

Dividend Yield: 1.74%

People’s United Financial, Inc. (NASDAQ:PBCT)

Market Cap: $4.8 billion

Sector: Financials

Consecutive Annual Dividend Hikes: 27 Years

June 29, 2020  Closing Price: $11.31

Total one-year return: -28.35%

Dividend Yield: 6.37%

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Roper Technologies, Inc. (NYSE:ROP)

Market Cap: $40.25 billion

Sector: Industrials

Consecutive Annual Dividend Hikes: 27 Years

June 29, 2020  Closing Price: $385.64

Total one-year return: 5.84%

Dividend Yield: 0.53%

General Dynamics Corporation (NYSE:GD)

Market Cap: $42.84 billion

Sector: Industrials

Consecutive Annual Dividend Hikes: 28 Years

June 29, 2020  Closing Price: $149.34

Total one-year return: -15.53%

Dividend Yield: 2.95%

Ecolab, Inc. (NYSE:ECL)

Market Cap: $56.57 billion

Sector: Materials

Consecutive Annual Dividend Hikes: 28 Years

June 29, 2020  Closing Price: $195.62

Total one-year return: 0.03%

Dividend Yield: 0.96%

Chevron Corporation (NYSE:CVX)

Market Cap: $163.67 billion

Sector: Energy

Consecutive Annual Dividend Hikes: 32 Years

June 29, 2020  Closing Price: $87.67

Total one-year return: -25.56%

Dividend Yield: 5.89%

Cardinal Health, Inc. (NYSE:CAH)

Market Cap: $15.17 billion

Sector: Health Care

Consecutive Annual Dividend Hikes: 33 Years

June 29, 2020  Closing Price: $51.97

Total one-year return: 14.44%

Dividend Yield: 3.73%

T. Rowe Price Group, Inc. (NASDAQ:TROW)

Market Cap: $27.49 billion

Sector: Financials

Consecutive Annual Dividend Hikes: 33 Years

June 29, 2020  Closing Price: $120.82

Total one-year return: 13.15%

Dividend Yield: 2.98%

McCormick & Company, Inc. (NYSE:MKC)

Market Cap: $22.23 billion

Sector: Consumer Products

Consecutive Annual Dividend Hikes: 34 Years

June 29, 2020  Closing Price: $179.38

Total one-year return: 17.29%

Dividend Yield: 1.38%

AT&T, Inc. (NYSE: T)

Market Cap: $214.54 billion

Sector: IT & Communications

Consecutive Annual Dividend Hikes: 36 Years

June 29, 2020  Closing Price: $29.91

Total one-year return: -3.04%

Dividend Yield: 6.25%

Brown-Forman Corporation (NYSE:BF.B)

Market Cap: $19.55 billion

Sector: Consumer Products

Consecutive Annual Dividend Hikes: 36 Years

June 29, 2020  Closing Price: $63.24

Total one-year return: 15.33%

Dividend Yield: 1.11%

Exxon Mobil Corporation (NYSE:XOM)

Market Cap: $187.39 billion

Sector: Energy

Consecutive Annual Dividend Hikes: 37 Years

June 29, 2020  Closing Price: $44.32

Total one-year return: -37.62%

Dividend Yield: 7.85%

Aflac, Inc. (NYSE:AFL)

Market Cap: $25.42 billion

Sector: Financials

Consecutive Annual Dividend Hikes: 37 Years

June 29, 2020  Closing Price: $35.43

Total one-year return: -33.35%

Dividend Yield: 3.16%

Air Products & Chemicals, Inc. (NYSE:APD)

Market Cap: $52.69 billion

Sector: Materials

Consecutive Annual Dividend Hikes: 37 Years

June 29, 2020  Closing Price: $238.61

Total one-year return: 7.62%

Dividend Yield: 2.25%

Cintas Corporation (NASDAQ:CTAS)

Market Cap: $27.42 billion

Sector: Industrials

Consecutive Annual Dividend Hikes: 37 Years

June 29, 2020  Closing Price: $263.61

Total one-year return: 12.17%

Dividend Yield: 0.97%

Franklin Resources, Inc. (NYSE:BEN)

Market Cap: $10.12 billion

Sector: Financials

Consecutive Annual Dividend Hikes: 40 Years

June 29, 2020  Closing Price: $20.44

Total one-year return: -38.37%

Dividend Yield: 5.28%

The Sherwin-Williams Company (NYSE:SHW)

Market Cap: $51.39 billion

Sector: Materials

Consecutive Annual Dividend Hikes: 41 Years

June 29, 2020  Closing Price: $566

Total one-year return: 24.58%

Dividend Yield: 0.95%

The Clorox Company (NYSE:CLX)

Market Cap: $27.4 billion

Sector: Consumer Products

Consecutive Annual Dividend Hikes: 42 Years

June 29, 2020  Closing Price: $217.58

Total one-year return: 45.6%

Dividend Yield: 2.04%

Medtronic Plc (NYSE:MDT)

Market Cap: $121.06 billion

Sector: Health Care

Consecutive Annual Dividend Hikes: 42 Years

June 29, 2020  Closing Price: $90.26

Total one-year return: -5.06%

Dividend Yield: 2.43%

Pentair Plc (NYSE:PNR)

Market Cap: $6.19 billion

Sector: Industrials

Consecutive Annual Dividend Hikes: 43 Years

June 29, 2020  Closing Price: $37.37

Total one-year return: 2.96%

Dividend Yield: 2.03%

Archer-Daniels-Midland Company (NYSE:ADM)

Market Cap: $22.03 billion

Sector: Consumer Products

Consecutive Annual Dividend Hikes: 44 Years

June 29, 2020  Closing Price: $39.66

Total one-year return: 0.69%

Dividend Yield: 3.63%

Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Market Cap: $37.12 billion

Sector: Services

Consecutive Annual Dividend Hikes: 44 Years

June 29, 2020  Closing Price: $42.32

Total one-year return: -19.24%

Dividend Yield: 4.32%

McDonald’s Corporation (NYSE:MCD)

Market Cap: $135.92 billion

Sector: Services

Consecutive Annual Dividend Hikes: 44 Years

June 29, 2020  Closing Price: $182.80

Total one-year return: -9.61%

Dividend Yield: 2.74%

Consolidated Edison, Inc. (NYSE:ED)

Market Cap: $24.28 billion

Sector: Utilities

Consecutive Annual Dividend Hikes: 45 Years

June 29, 2020  Closing Price: $72.70

Total one-year return: -13.56%

Dividend Yield: 4.21%

Illinois Tool Works, Inc. (NYSE:ITW)

Market Cap: $53.83 billion

Sector: Industrials

Consecutive Annual Dividend Hikes: 45 Years

June 29, 2020  Closing Price: $170.40

Total one-year return: 15.83%

Dividend Yield: 2.51%

Automatic Data Processing, Inc. (NASDAQ:ADP)

Market Cap: $62.91billion

Sector: IT & Communications

Consecutive Annual Dividend Hikes: 45 Years

June 29, 2020  Closing Price: $146.38

Total one-year return: -9.33%

Dividend Yield: 2.49%

Walmart, Inc. (NYSE:WMT)

Market Cap: $337.17 billion

Sector: Services

Consecutive Annual Dividend Hikes: 46 Years

June 29, 2020  Closing Price: $119.06

Total one-year return: 10.67%

Dividend Yield: 1.81%

S&P Global, Inc. (NYSE:SPGI)

Market Cap: $77.39 billion

Sector: Financials

Consecutive Annual Dividend Hikes: 46 Years

June 29, 2020  Closing Price: $321.29

Total one-year return: 42.43%

Dividend Yield: 0.83%

AbbVie, Inc. (NYSE:ABBV)

Market Cap: $142.41 billion

Sector: Health Care

Consecutive Annual Dividend Hikes: 47 Years

June 29, 2020  Closing Price: $96.44

Total one-year return: 40.43%

Dividend Yield: 4.89%

Kimberly-Clark Corporation (NYSE:KMB)

Market Cap: $47.48 billion

Sector: Consumer Products

Consecutive Annual Dividend Hikes: 47 Years

June 29, 2020  Closing Price: $139.45

Total one-year return: 7.78%

Dividend Yield: 3.07%

PepsiCo, Inc. (NASDAQ:PEP)

Market Cap: $181.87 billion

Sector: Consumer Products

Consecutive Annual Dividend Hikes: 47 Years

June 29, 2020  Closing Price: $131.08

Total one-year return: 2.93%

Dividend Yield: 3.12%

Nucor Corporation (NYSE:NUE)

Market Cap: $12.31 billion

Sector: Materials

Consecutive Annual Dividend Hikes: 47 Years

June 29, 2020  Closing Price: $40.90

Total one-year return: -22.85%

Dividend Yield: 3.94%

VF Corporation (NYSE:VFC)

Market Cap: $23.47 billion

Sector: Consumer Products

Consecutive Annual Dividend Hikes: 47 Years

June 29, 2020  Closing Price: $60.36

Total one-year return: -28.76%

Dividend Yield: 3.18%

Abbott Laboratories (NYSE:ABT)

Market Cap: $157.44 billion

Sector: Health Care

Consecutive Annual Dividend Hikes: 47 Years

June 29, 2020  Closing Price: $89.01

Total one-year return: 7.88%

Dividend Yield: 1.62%

Leggett & Platt, Inc. (NYSE:LEG)

Market Cap: $4.57 billion

Sector: Consumer Products

Consecutive Annual Dividend Hikes: 48 Years

June 29, 2020  Closing Price: $34.61

Total one-year return: -5.63%

Dividend Yield: 4.62%

Target Corporation (NYSE:TGT)

Market Cap: $59.28 billion

Sector: Services

Consecutive Annual Dividend Hikes: 48 Years

June 29, 2020  Closing Price: $118.57

Total one-year return: 40.73%

Dividend Yield: 2.29% 

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W.W. Grainger, Inc. (NYSE:GWW)

Market Cap: $16.22 billion

Sector: Industrials

Consecutive Annual Dividend Hikes: 48 Years

June 29, 2020  Closing Price: $303.47

Total one-year return: 15.29%

Dividend Yield: 1.9%

PPG Industries, Inc. (NYSE:PPG)

Market Cap: $24.5 billion

Sector: Materials

Consecutive Annual Dividend Hikes: 48 Years

June 29, 2020  Closing Price: $103.94

Total one-year return: -9.19%

Dividend Yield: 1.96%

Becton, Dickinson & Company (NYSE:BDX)

Market Cap: $63.31 billion

Sector: Health Care

Consecutive Annual Dividend Hikes: 48 Years

June 29, 2020  Closing Price: $232.97

Total one-year return: -6.31%

Dividend Yield: 1.36%

Sysco Corporation (NYSE:SYY)

Market Cap: $27.62 billion

Sector: Services

Consecutive Annual Dividend Hikes: 50 Years

June 29, 2020  Closing Price: $54.42

Total one-year return: -20.59%

Dividend Yield: 3.31%

Federal Realty Investment Trust (NYSE:FRT)

Market Cap: $6.41 billion

Sector: Financials

Consecutive Annual Dividend Hikes: 52 Years

June 29, 2020  Closing Price: $84.76

Total one-year return: -30.91%

Dividend Yield: 4.96%

Stanley Black & Decker, Inc. (NYSE:SWK)

Market Cap: $20.98 billion

Sector: Industrials

Consecutive Annual Dividend Hikes: 52 Years

June 29, 2020  Closing Price: $136.12

Total one-year return: -3.96%

Dividend Yield: 2.03%

Hormel Foods Corporation (NYSE:HRL)

Market Cap: $26.05 billion

Sector: Consumer Products

Consecutive Annual Dividend Hikes: 54 Years

June 29, 2020  Closing Price: $48.34

Total one-year return: 22%

Dividend Yield: 1.92%

Colgate-Palmolive Company (NYSE:CL)

Market Cap: $62.03 billion

Sector: Consumer Products

Consecutive Annual Dividend Hikes: 56 Years

June 29, 2020  Closing Price: $72.43

Total one-year return: 4.09%

Dividend Yield: 2.43%

The Coca-Cola Company (NYSE:KO)

Market Cap: $190.5 billion

Sector: Consumer Products

Consecutive Annual Dividend Hikes: 57 Years

June 29, 2020  Closing Price: $44.36

Total one-year return: -9.7%

Dividend Yield: 3.7%

Johnson & Johnson (NYSE:JNJ)

Market Cap: $366.31 billion

Sector: Health Care

Consecutive Annual Dividend Hikes: 57 Years

June 29, 2020  Closing Price: $139.04

Total one-year return: 2.6%

Dividend Yield: 2.91%

Lowe’s Companies, Inc. (NYSE:LOW)

Market Cap: $100.8 billion

Sector: Services

Consecutive Annual Dividend Hikes: 57 Years

June 29, 2020  Closing Price: $133.52

Total one-year return: 35.04%

Dividend Yield: 1.65%

Cincinnati Financial Corporation (NASDAQ:CINF)

Market Cap: $10.25 billion

Sector: Financials

Consecutive Annual Dividend Hikes: 59 Years

June 29, 2020  Closing Price: $63.75

Total one-year return: –36.72%

Dividend Yield: 3.76%

3M Company (NYSE:MMM)

Market Cap: $89.488 billion

Sector: Health Care

Consecutive Annual Dividend Hikes: 61 Years

June 29, 2020  Closing Price: $155.57

Total one-year return: -6.89%

Dividend Yield: 3.78%

Genuine Parts Company (NYSE:GPC)

Market Cap: $12.55 billion

Sector: Consumer Products

Consecutive Annual Dividend Hikes: 63 Years

June 29, 2020  Closing Price: $87.02

Total one-year return: -12.99%

Dividend Yield: 3.63%

Emerson Electric Company (NYSE:EMR)

Market Cap: $36.67 billion

Sector: Industrials

Consecutive Annual Dividend Hikes: 3 Years

June 29, 2020  Closing Price: $61.38

Total one-year return:-5.02%

Dividend Yield: 3.26%

Procter & Gamble Company (NYSE:PG)

Market Cap: $291.28 billion

Sector: Consumer Products

Consecutive Annual Dividend Hikes: 63 Years

June 29, 2020  Closing Price: $117.66

Total one-year return: 10.07%

Dividend Yield: 2.69%

Dover Corporation (NYSE:DOV)

Market Cap: $13.6 billion

Sector: Industrials

Consecutive Annual Dividend Hikes: 64 Years

June 29, 2020  Closing Price: $94.57

Total one-year return: -3.66%

Dividend Yield: 2.07%

Just enter your e-mail address in the form below and you will gain immediate access to the Dividend Aristocrats list.

Dividend Aristocrats, Dividend Kings, dividend increases and dividend decreases, new dividend announcements, dividend suspensions and other dividend changes occur daily. To make sure you don’t miss any important announcements, sign up for our E-mail Alerts. Let us do the hard work of gathering the data and sending the relevant information directly to your inbox.

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Olivia Faucher is an investment writer intern at Eagle Financial Publications who writes for www.dividendinvestor.com.