The Dividend Aristocrats List – The 65 Stocks with 25-Plus Years of Consecutive Dividend Increases
By: Olivia Faucher,

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 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 65 companies. The 65 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).
– Ross Stores (ROST) was removed from the list prior to market open on July 1, 2020 when it suspended its dividend due to the COVID-19 pandemic. This reduced the list size to 65 companies.
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.
Dividend Aristocrats as of November 2020
Amcor Plc (NYSE: AMCR)
Sector: Materials
Consecutive Annual Dividend Hikes: 25
Market Cap: $18,134,564,580
Latest Close Stock Price: $11.61
Projected 12 Month Dividend Yield: 3.96%
Trailing 12 Month Dividend Yield: 4.01%
Atmos Energy Corp. (NYSE: ATO)
Sector: Utilities
Consecutive Annual Dividend Hikes: 25
Market Cap: $11,753,645,310
Latest Close Stock Price: $91.71
Projected 12 Month Dividend Yield: 2.73%
Trailing 12 Month Dividend Yield: 2.62%
Realty Income Corp. (NYSE: O)
Sector: Financials
Consecutive Annual Dividend Hikes: 25
Market Cap: $22,388,524,360
Latest Close Stock Price: $59.96
Projected 12 Month Dividend Yield: 4.69%
Trailing 12 Month Dividend Yield: 4.68%
Essex Property Trust, Inc. (NYSE: ESS)
Sector: Financials
Consecutive Annual Dividend Hikes: 25
Market Cap: $17,216,525,550
Latest Close Stock Price: $264.89
Projected 12 Month Dividend Yield: 3.16%
Trailing 12 Month Dividend Yield: 3.14%
Albemarle Corp. (NYSE: ALB)
Sector: Materials
Consecutive Annual Dividend Hikes: 25
Market Cap: $16,781,012,160
Latest Close Stock Price: $143.88
Projected 12 Month Dividend Yield: 1.08%
Trailing 12 Month Dividend Yield: 1.07%
Expeditors International of Washington, Inc. (NASDAQ: EXPD)
Sector: Industrials
Consecutive Annual Dividend Hikes: 25
Market Cap: $18,134,564,580
Latest Close Stock Price: $96.55
Projected 12 Month Dividend Yield: 1.08%
Trailing 12 Month Dividend Yield: 1.08%
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Otis Worldwide Corp. (NYSE: OTIS)
Sector: Industrials
Consecutive Annual Dividend Hikes: 26
Market Cap: $28,132,237,770
Latest Close Stock Price: $64.87
Projected 12 Month Dividend Yield: 1.23%
Trailing 12 Month Dividend Yield: 1.23%
Carrier Global Corp (NYSE: CARR)
Sector: IT & Communications
Consecutive Annual Dividend Hikes: 26
Market Cap: $32,108,728,220
Latest Close Stock Price: $36.94
Projected 12 Month Dividend Yield: 0.87%
Trailing 12 Month Dividend Yield: 0.76%
Raytheon Technologies Corp. (NYSE: RTX)
Sector: Industrials
Consecutive Annual Dividend Hikes: 26
Market Cap: $114,234,356,040
Latest Close Stock Price: $75.18
Projected 12 Month Dividend Yield: 2.53%
Trailing 12 Month Dividend Yield: 2.53%
Caterpillar, Inc. (NYSE:CAT)
Sector: Industrials
Consecutive Annual Dividend Hikes: 26 Years
Market Cap: $120,054,128,640
Latest Close Stock Price: $220.16
Projected 12 Month Dividend Yield: 1.87%
Trailing 12 Month Dividend Yield: 1.87%
Chubb Ltd. (NYSE:CB)
Sector: Financials
Consecutive Annual Dividend Hikes: 26 Years
Market Cap: $77,290,125,750
Latest Close Stock Price: $171.67
Projected 12 Month Dividend Yield: 1.82%
Trailing 12 Month Dividend Yield: 1.80%
A. O. Smith Corporation (NYSE:AOS)
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 26 Years
Market Cap: $8,481,535,040
Latest Close Stock Price: $62.48
Projected 12 Month Dividend Yield: 1.66%
Trailing 12 Month Dividend Yield: 1.60%
Linde Plc (NYSE:LIN)
Sector: Materials
Consecutive Annual Dividend Hikes: 26 Years
Market Cap: $129,475,107,040
Latest Close Stock Price: $247.64
Projected 12 Month Dividend Yield: 1.60%
Trailing 12 Month Dividend Yield: 1.59%
People’s United Financial, Inc. (NASDAQ:PBCT)
Sector: Financials
Consecutive Annual Dividend Hikes: 27 Years
Market Cap: $7,825,404,750
Latest Close Stock Price: $18.39
Projected 12 Month Dividend Yield: 3.92%
Trailing 12 Month Dividend Yield: 3.92%
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Roper Technologies, Inc. (NYSE:ROP)
Sector: Industrials
Consecutive Annual Dividend Hikes: 27 Years
Market Cap: $39,556,083,600
Latest Close Stock Price: $376.94
Projected 12 Month Dividend Yield: 0.60%
Trailing 12 Month Dividend Yield: 0.56%
General Dynamics Corporation (NYSE:GD)
Sector: Industrials
Consecutive Annual Dividend Hikes: 28 Years
Market Cap: $48,813,907,800
Latest Close Stock Price: $170.52
Projected 12 Month Dividend Yield: 2.79%
Trailing 12 Month Dividend Yield: 2.58%
Ecolab, Inc. (NYSE:ECL)
Sector: Materials
Consecutive Annual Dividend Hikes: 28 Years
Market Cap: $59,431,073,500
Latest Close Stock Price: $207.91
Projected 12 Month Dividend Yield: 0.92%
Trailing 12 Month Dividend Yield: 0.91%
Chevron Corporation (NYSE:CVX)
Sector: Energy
Consecutive Annual Dividend Hikes: 32 Years
Market Cap: $209,975,093,000
Latest Close Stock Price: $109.00
Projected 12 Month Dividend Yield: 4.73%
Trailing 12 Month Dividend Yield: 4.73%
Cardinal Health, Inc. (NYSE:CAH)
Sector: Health Care
Consecutive Annual Dividend Hikes: 33 Years
Market Cap: $15,708,301,320
Latest Close Stock Price: $53.49
Projected 12 Month Dividend Yield: 3.63%
Trailing 12 Month Dividend Yield: 3.62%
T. Rowe Price Group, Inc. (NASDAQ:TROW)
Sector: Financials
Consecutive Annual Dividend Hikes: 33 Years
Market Cap: $39,366,274,200
Latest Close Stock Price: $172.70
Projected 12 Month Dividend Yield: 2.50%
Trailing 12 Month Dividend Yield: 2.08%
McCormick & Company, Inc. (NYSE:MKC)
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 34 Years
Market Cap: $21,018,341,920
Latest Close Stock Price: $84.43
Projected 12 Month Dividend Yield: 1.61%
Trailing 12 Month Dividend Yield: 1.50%
AT&T, Inc. (NYSE: T)
Sector: IT & Communications
Consecutive Annual Dividend Hikes: 36 Years
Market Cap: $211,242,820,060
Latest Close Stock Price: $29.62
Projected 12 Month Dividend Yield: 7.02%
Trailing 12 Month Dividend Yield: 7.02%
Brown-Forman Corporation (NYSE:BF.B)
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 36 Years
Market Cap:
Latest Close Stock Price:
Projected 12 Month Dividend Yield:
Trailing 12 Month Dividend Yield:
Exxon Mobil Corporation (NYSE:XOM)
Sector: Energy
Consecutive Annual Dividend Hikes: 37 Years
Market Cap: $257,946,119,190
Latest Close Stock Price: $60.93
Projected 12 Month Dividend Yield: 5.71%
Trailing 12 Month Dividend Yield: 5.71%
Aflac, Inc. (NYSE:AFL)
Sector: Financials
Consecutive Annual Dividend Hikes: 37 Years
Market Cap: $34,394,920,650
Latest Close Stock Price: $49.95
Projected 12 Month Dividend Yield: 2.64%
Trailing 12 Month Dividend Yield: 2.34%
Air Products & Chemicals, Inc. (NYSE:APD)
Sector: Materials
Consecutive Annual Dividend Hikes: 37 Years
Market Cap: $58,377,298,140
Latest Close Stock Price: $263.82
Projected 12 Month Dividend Yield: 2.27%
Trailing 12 Month Dividend Yield: 2.03%
Cintas Corporation (NASDAQ:CTAS)
Sector: Industrials
Consecutive Annual Dividend Hikes: 37 Years
Market Cap: $37,779,041,250
Latest Close Stock Price: $361.09
Projected 12 Month Dividend Yield: 0.00%
Trailing 12 Month Dividend Yield: 0.97%
Franklin Resources, Inc. (NYSE:BEN)
Sector: Financials
Consecutive Annual Dividend Hikes: 40 Years
Market Cap: $13,378,043,880
Latest Close Stock Price: $26.47
Projected 12 Month Dividend Yield: 4.23%
Trailing 12 Month Dividend Yield: 4.12%
The Sherwin-Williams Company (NYSE:SHW)
Sector: Materials
Consecutive Annual Dividend Hikes: 41 Years
Market Cap: $60,543,175,380
Latest Close Stock Price: $675.69
Projected 12 Month Dividend Yield: 0.98%
Trailing 12 Month Dividend Yield: 0.84%
The Clorox Company (NYSE:CLX)
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 42 Years
Market Cap: $23,188,312,940
Latest Close Stock Price: $184.34
Projected 12 Month Dividend Yield: 2.41%
Trailing 12 Month Dividend Yield: 2.38%
Medtronic Plc (NYSE:MDT)
Sector: Health Care
Consecutive Annual Dividend Hikes: 42 Years
Market Cap: $159,180,325,200
Latest Close Stock Price: $118.26
Projected 12 Month Dividend Yield: 1.93%
Trailing 12 Month Dividend Yield: 1.93%
Pentair Plc (NYSE:PNR)
Sector: Industrials
Consecutive Annual Dividend Hikes: 43 Years
Market Cap: $9,578,571,520
Latest Close Stock Price: $57.68
Projected 12 Month Dividend Yield: 1.39%
Trailing 12 Month Dividend Yield: 1.33%
Archer-Daniels-Midland Company (NYSE:ADM)
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 44 Years
Market Cap: $32,159,062,260
Latest Close Stock Price: $57.59
Projected 12 Month Dividend Yield: 2.57%
Trailing 12 Month Dividend Yield: 2.52%
Walgreens Boots Alliance, Inc. (NASDAQ:WBA)
Sector: Services
Consecutive Annual Dividend Hikes: 44 Years
Market Cap: $40,782,782,400
Latest Close Stock Price: $47.20
Projected 12 Month Dividend Yield: 3.96%
Trailing 12 Month Dividend Yield: 3.94%
McDonald’s Corporation (NYSE:MCD)
Sector: Services
Consecutive Annual Dividend Hikes: 44 Years
Market Cap: $154,609,265,640
Latest Close Stock Price: $207.37
Projected 12 Month Dividend Yield: 2.49%
Trailing 12 Month Dividend Yield: 2.45%
Consolidated Edison, Inc. (NYSE:ED)
Sector: Utilities
Consecutive Annual Dividend Hikes: 45 Years
Market Cap: $23,387,217,700
Latest Close Stock Price: $68.30
Projected 12 Month Dividend Yield: 4.54%
Trailing 12 Month Dividend Yield: 4.49%
Illinois Tool Works, Inc. (NYSE:ITW)
Sector: Industrials
Consecutive Annual Dividend Hikes: 45 Years
Market Cap: $66,502,186,620
Latest Close Stock Price: $210.01
Projected 12 Month Dividend Yield: 2.17%
Trailing 12 Month Dividend Yield: 2.10%
Automatic Data Processing, Inc. (NASDAQ:ADP)
Sector: IT & Communications
Consecutive Annual Dividend Hikes: 45 Years
Market Cap: $76,284,584,400
Latest Close Stock Price: $178.26
Projected 12 Month Dividend Yield: 2.09%
Trailing 12 Month Dividend Yield: 2.05%
Walmart, Inc. (NYSE:WMT)
Sector: Services
Consecutive Annual Dividend Hikes: 46 Years
Market Cap: $365,317,408,320
Latest Close Stock Price: $129.12
Projected 12 Month Dividend Yield: 1.70%
Trailing 12 Month Dividend Yield: 1.67%
S&P Global, Inc. (NYSE:SPGI)
Sector: Financials
Consecutive Annual Dividend Hikes: 46 Years
Market Cap: $80,518,964,000
Latest Close Stock Price: $334.52
Projected 12 Month Dividend Yield: 0.92%
Trailing 12 Month Dividend Yield: 0.83%
AbbVie, Inc. (NYSE:ABBV)
Sector: Health Care
Consecutive Annual Dividend Hikes: 47 Years
Market Cap: $188,419,609,400
Latest Close Stock Price: $106.70
Projected 12 Month Dividend Yield: 4.87%
Trailing 12 Month Dividend Yield: 4.54%
Kimberly-Clark Corporation (NYSE:KMB)
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 47 Years
Market Cap: $44,525,318,760
Latest Close Stock Price: $131.59
Projected 12 Month Dividend Yield: 3.47%
Trailing 12 Month Dividend Yield: 3.31%
PepsiCo, Inc. (NASDAQ:PEP)
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 47 Years
Market Cap: $183,529,385,270
Latest Close Stock Price: $133.03
Projected 12 Month Dividend Yield: 3.07%
Trailing 12 Month Dividend Yield: 3.07%
Nucor Corporation (NYSE:NUE)
Sector: Materials
Consecutive Annual Dividend Hikes: 47 Years
Market Cap: $18,753,054,320
Latest Close Stock Price: $62.92
Projected 12 Month Dividend Yield: 2.57%
Trailing 12 Month Dividend Yield: 2.56%
VF Corporation (NYSE:VFC)
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 47 Years
Market Cap: $30,855,311,780
Latest Close Stock Price: $78.77
Projected 12 Month Dividend Yield: 2.49%
Trailing 12 Month Dividend Yield: 2.45%
Abbott Laboratories (NYSE:ABT)
Sector: Health Care
Consecutive Annual Dividend Hikes: 47 Years
Market Cap: $207,711,775,250
Latest Close Stock Price: $117.25
Projected 12 Month Dividend Yield: 1.54%
Trailing 12 Month Dividend Yield: 1.30%
Leggett & Platt, Inc. (NYSE:LEG)
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 48 Years
Market Cap: $6,295,604,580
Latest Close Stock Price: $47.34
Projected 12 Month Dividend Yield: 3.38%
Trailing 12 Month Dividend Yield: 3.38%
Target Corporation (NYSE:TGT)
Sector: Services
Consecutive Annual Dividend Hikes: 48 Years
Market Cap: $86,438,427,530
Latest Close Stock Price: $172.61
Projected 12 Month Dividend Yield: 1.58%
Trailing 12 Month Dividend Yield: 1.56%
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W.W. Grainger, Inc. (NYSE:GWW)
Sector: Industrials
Consecutive Annual Dividend Hikes: 48 Years
Market Cap: $20,903,785,360
Latest Close Stock Price: $399.11
Projected 12 Month Dividend Yield: 1.53%
Trailing 12 Month Dividend Yield:
PPG Industries, Inc. (NYSE:PPG)
Sector: Materials
Consecutive Annual Dividend Hikes: 48 Years
Market Cap: $33,768,479,290
Latest Close Stock Price: $142.61
Projected 12 Month Dividend Yield: 1.51%
Trailing 12 Month Dividend Yield: 1.49%
Becton, Dickinson & Company (NYSE:BDX)
Sector: Health Care
Consecutive Annual Dividend Hikes: 48 Years
Market Cap: $71,608,512,000
Latest Close Stock Price: $246.45
Projected 12 Month Dividend Yield: 1.35%
Trailing 12 Month Dividend Yield: 1.30%
Sysco Corporation (NYSE:SYY)
Sector: Services
Consecutive Annual Dividend Hikes: 50 Years
Market Cap: $41,746,597,480
Latest Close Stock Price: $81.79
Projected 12 Month Dividend Yield: 2.20%
Trailing 12 Month Dividend Yield: 2.20%
Federal Realty Investment Trust (NYSE:FRT)
Sector: Financials
Consecutive Annual Dividend Hikes: 52 Years
Market Cap: $8,116,868,480
Latest Close Stock Price: $105.76
Projected 12 Month Dividend Yield: 4.01%
Trailing 12 Month Dividend Yield: 3.99%
Stanley Black & Decker, Inc. (NYSE:SWK)
Sector: Industrials
Consecutive Annual Dividend Hikes: 52 Years
Market Cap: $29,815,081,830
Latest Close Stock Price: $185.31
Projected 12 Month Dividend Yield: 1.51%
Trailing 12 Month Dividend Yield: 1.50%
Hormel Foods Corporation (NYSE:HRL)
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 54 Years
Market Cap: $25,775,862,560
Latest Close Stock Price: $47.72
Projected 12 Month Dividend Yield: 2.05%
Trailing 12 Month Dividend Yield: 1.98%
Colgate-Palmolive Company (NYSE:CL)
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 56 Years
Market Cap: $0
Latest Close Stock Price: $75.60
Projected 12 Month Dividend Yield: 2.33%
Trailing 12 Month Dividend Yield: N/A
The Coca-Cola Company (NYSE:KO)
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 57 Years
Market Cap: $218,869,956,480
Latest Close Stock Price: $50.79
Projected 12 Month Dividend Yield: 3.31%
Trailing 12 Month Dividend Yield: 3.23%
Johnson & Johnson (NYSE:JNJ)
Sector: Health Care
Consecutive Annual Dividend Hikes: 57 Years
Market Cap: $410,336,948,000
Latest Close Stock Price: $156.10
Projected 12 Month Dividend Yield: 2.59%
Trailing 12 Month Dividend Yield: 2.59%
Lowe’s Companies, Inc. (NYSE:LOW)
Sector: Services
Consecutive Annual Dividend Hikes: 57 Years
Market Cap: $116,195,213,340
Latest Close Stock Price: $158.58
Projected 12 Month Dividend Yield: 1.51%
Trailing 12 Month Dividend Yield: 1.45%
Cincinnati Financial Corporation (NASDAQ:CINF)
Sector: Financials
Consecutive Annual Dividend Hikes: 59 Years
Market Cap: $16,806,920,520
Latest Close Stock Price: $104.26
Projected 12 Month Dividend Yield: 2.42%
Trailing 12 Month Dividend Yield: 2.30%
3M Company (NYSE:MMM)
Sector: Health Care
Consecutive Annual Dividend Hikes: 61 Years
Market Cap: $104,701,280,000
Latest Close Stock Price: $180.80
Projected 12 Month Dividend Yield: 3.27%
Trailing 12 Month Dividend Yield: 3.26%
Genuine Parts Company (NYSE:GPC)
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 63 Years
Market Cap: $16,281,551,000
Latest Close Stock Price: $112.75
Projected 12 Month Dividend Yield: 2.89%
Trailing 12 Month Dividend Yield: 2.82%
Emerson Electric Company (NYSE:EMR)
Sector: Industrials
Consecutive Annual Dividend Hikes: 63 Years
Market Cap: $54,626,731,200
Latest Close Stock Price: $91.04
Projected 12 Month Dividend Yield: 2.22%
Trailing 12 Month Dividend Yield: 2.21%
Procter & Gamble Company (NYSE:PG)
Sector: Consumer Products
Consecutive Annual Dividend Hikes: 63 Years
Market Cap: $310,222,726,480
Latest Close Stock Price: $125.98
Projected 12 Month Dividend Yield: 2.51%
Trailing 12 Month Dividend Yield: 2.51%
Dover Corporation (NYSE:DOV)
Sector: Industrials
Consecutive Annual Dividend Hikes: 64 Years
Market Cap: $18,682,988,940
Latest Close Stock Price: $130.06
Projected 12 Month Dividend Yield: 1.52%
Trailing 12 Month Dividend Yield: 1.52%
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The Dividend Aristocrats Investing Strategy and Stocks List
The Best Dividend Aristocrats ETFs
Why Invest in the Dividend Aristocrats?
The S&P 500 Dividend Aristocrats — Everything You Need to Know
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Olivia Faucher is an investment writer intern at Eagle Financial Publications who writes for www.dividendinvestor.com.