The Dividend Aristocrats index is thought to be composed of well known businesses long past their respective growth phases. There are 4 businesses on the list that have grown revenue per share faster than 10% per year over the last decade:
One of the top 10 fastest growing Dividend Aristocrats combines both growth and value. AFLAC (AFL) has a 10 year per share growth rate of 8.53%, and a P/E ratio less than 10. It is rare to find businesses trading for cheap with a long history of dividend increases and strong growth.
It is particularly impressive to see businesses that are ‘in decline’ such as Coca-Cola (KO) and Pepsi (PEP) on the list. US based soda sales may be slowly declining, but the beverage (and snack for Pepsi) business continues to expand as consumer tastes slowly shift from soda to juices and teas.
The 10 Dividend Aristocrats with the highest 10 year per share growth rates are below.
Note: The lesser of revenue per share growth or dividends per share growth over the last decade is used to determine growth rates.