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2025 Dividend Aristocrats List | Updated Daily | All 69 Analyzed


Article updated on June 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 May 2025, the Dividend Aristocrats, as measured by the Dividend Aristocrats ETF (NOBL), registered a total return of 2.2%. It under-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 9.39% total annual return for the Dividend Aristocrats and a 12.80% 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: Albemarle Corp. (ALB)

Albemarle is the largest producer of lithium and second largest producer of bromine in the world. The two products account for nearly two-thirds of annual sales.

Albemarle produces lithium from its salt brine deposits in the U.S. and Chile. The company has two joint ventures in Australia that also produce lithium. Albemarle’s Chile assets offer a very low-cost source of lithium. The company operates in nearly 100 countries.

On April 30th, 2025, Albemarle reported first quarter results for the period ending March 31st, 2025. For the quarter, revenue fell 20.6% to $1.08 billion, but this missed estimates by $80 million.

Adjusted earnings-per-share of -$0.18 compared unfavorably to $0.26 in the prior year, but this was $0.48 better than expected.

Results were impacted weaker average prices for lithium. For the quarter, revenue for Energy Storage was down 34.5% to $524.6 million. This segment was impact by lower prices (-34%) while volume was unchanged.

Revenues for Specialties were up 1.6% to $321 million as volume (+11%) was offset by a decrease in pricing (-8%). Ketjen sales of $231.5 million decreased 5.1% from the prior year as higher prices (+4%) only partially offset a decrease in volume (-8%).

Albemarle provided an outlook for 2025 as well, with the company expecting revenue in a range of $4.9 billion to $5.2 billion at least.

Wit a Beta value of 1.63, ALB is a high beta stock.

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

Dividend Aristocrat #9: 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 April 29th, 2025, Sysco reported third-quarter results for Fiscal Year (FY)2025. The company reported sales of $19.6 billion, up 1.1% from Q3 2024, despite a 2.0% decline in U.S. Foodservice volume. Gross profit fell 0.8% to $3.6 billion, with gross margin dropping 35 basis points to 18.3% due to lower volumes and product mix.

Operating income decreased 5.7% to $681 million, and adjusted operating income fell 3.3% to $773 million, driven by higher operating expenses from business investments and supply chain costs. Net earnings dropped 5.6% to $401 million, with adjusted net earnings down 2.9% to $469 million.

Diluted EPS was $0.82, down 3.5%, while adjusted EPS remained flat at $0.96. Sysco revised its FY25 guidance, projecting 3% sales growth and at least 1% adjusted EPS growth.

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

Dividend Aristocrat #8: Stanley Black & Decker (SWK)

Stanley Black & Decker is a world leader in power tools, hand tools, and related items. The company holds the top global position in tools and storage sales.

Stanley Black & Decker is second in the world in the areas of commercial electronic security and engineered fastening. The company is composed of three segments: tools & outdoor, and industrial.

Source: Investor Presentation

On April 30th, 2025, Stanley Black & Decker reported first quarter results. For the quarter, revenue fell 3.4% to $3.74 billion, but this was $20 million ahead of estimates. Adjusted earnings-per-share of $0.75 compared favorably to $0.56 in the prior year and was $0.08 more than expected.

Companywide organic growth improved 1% for the quarter, but this was offset by currency exchange and divestitures. Organic sales for Tools & Outdoor, the largest segment within the company, had organic growth of 1%.

North America improved 2%, Europe was unchanged, and the rest of the world declined 3%. Gains for DEWALT, Outdoor and Aerospace were offset by weaker results in Consumer and Auto Production.

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

Dividend Aristocrat #7: Nucor Corporation (NUE)

Nucor is the largest publicly traded US-based steel corporation based on its market capitalization. The steel industry is notoriously cyclical, which makes Nucor’s streak of 52 consecutive years of dividend increases even more remarkable.

Nucor is a member of the Dividend Kings due to its dividend history.

On April 28, 2025, Nucor Corporation reported its financial results for the first quarter of 2025. The company posted net earnings attributable to stockholders of $156 million, or $0.67 per diluted share, a significant decrease from $845 million, or $3.46 per share, in the same quarter of the previous year.

Adjusted net earnings, excluding one-time charges related to facility closures and repurposing, were $179 million, or $0.77 per share, surpassing analyst expectations of $0.64 per share.

Net sales for the quarter were $7.83 billion, down 4% year-over-year but up 11% sequentially, driven by a 10% increase in total shipments to 6.83 million tons, despite a 12% decline in average sales price per ton compared to the first quarter of 2024.

Click here to download our most recent Sure Analysis report on NUE (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 February 19th, 2025, Nordson reported first quarter results for the period ending January 31, 2025. For the quarter, the company reported sales of $615 million, 3% lower compared to $633 million in Q1 2024, which was driven by organic sales decrease of 9%, partly offset by a positive acquisition impact.

Medical and Fluid Solutions saw sales increase by 21%, while the Industrial Precision Solutions and Advanced Technology Solutions segments both had sales decreases of 11%. The company generated adjusted earnings per share of $2.06, a 7% decrease 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: 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. Eversource has delivered steady growth to shareholders for many years.

Source: Investor Presentation

On May 1st, ES shared its first-quarter earnings report for the period ending March 31st, 2025. The company’s total operating revenue surged 23.6% year-over-year to $4.12 billion during the quarter.

Continued system investments and base distribution rate increases led to this top-line growth in the quarter. ES generated $1.50 in non-GAAP EPS for the quarter, which was up 0.7% over the year-ago period.

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

Dividend Aristocrat #4: Fastenal Co. (FAST)

Fastenal provides fasteners, tools and supplies to its customers via 1,587 public branches, 2,502 active Onsite locations and 129,996 managed inventory devices.

On January 16th, 2025, Fastenal raised its quarterly dividend by 10%, from $0.39 to $0.43.

In mid-April, Fastenal reported (4/11/25) results for the first quarter of 2025. It grew its sales 3% over the prior year’s quarter thanks to growth in Onsite locations and improved customer contract signings. Earnings-per-share remained flat at $0.52, in line with the analysts’ consensus.

Fastenal has missed the analysts’ estimates only twice in the last 22 quarters. It posted record earnings-per-share in 2022 and 2023 and remained close to its record earnings last year, as an increase in Onsite locations almost offset the effect of a soft manufacturing environment.

Fastenal has a first mover competitive advantage in its industrial vending and Onsite locations, creating a very sticky and well-attuned customer relationship with high switching costs. Moreover, its scale allows the company to continue its growth path, adjust to business preferences and reliably deliver needed goods.

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

Dividend Aristocrat #3: 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 April 29th, 2025, PPG Industries reported first quarter results for the period ending March 31st, 2025. For the quarter, revenue decreased 4.4% to $3.68 billion, but beat estimates by $20 million. Adjusted earnings-per-share of $1.72 compared unfavorably to adjusted earnings-per-share of $1.86 in the prior year.

Pricing was up slightly for the quarter while volume grew 1%. Currency exchange was a 3% headwind and divestitures reduced results by 2%. Revenue for Global Architectural Coatings, which was formerly part of Performance Coatings, decreased 11% to $857 million.

Volume declined 3% while pricing was up 1%. Currency exchange and divestitures reduced results by 7% and 2%, respectively. Performance Coatings grew 7% to $1.27 billion as a 6% improvement in volume and 3% contribution from pricing was offset by a 1% decrease from both currency translation and divestitures.

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 #2: 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 April 24th, 2025, PepsiCo reported first quarter earnings results for the period ending March 31st, 2025. For the quarter, revenue fell 1.8% to $17.9 billion, but this beat expectations by $190 million.

Adjusted earnings-per-share of $1.48 compared unfavorably to $1.61 the prior year and was $0.01 below estimates. Currency exchange reduced revenue by 3% and earnings-per-share by 4%.

Organic sales grew 1% for the first quarter. For the period, volume for beverages was flat while food decreased 3%. PepsiCo Beverages North America’s revenue grew 1% for the period even as volume was down 3%.

Revenue for Frito Lay North America declined 2% and volume declined 1%.

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

Dividend Aristocrat #1: 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.

Becton, Dickinson & Co., or BD, is a global leader in the medical supply industry. The company generates almost $22 billion in annual revenue, with approximately 43% of revenues coming from outside of the U.S.

BD is composed of three segments. Products sold by the Medical Division include needles for drug delivery systems, and surgical blades. The Life Sciences division provides products for the collection and transportation of diagnostic specimens. The Intervention segment includes several of the products produced by what used to be Bard.

On May 1st, 2025, BD reported results for the second quarter of fiscal year 2025, which ended March 31st, 2025. For the quarter, revenue grew 4.5% to $5.3 billion, which was $50 million less than expected.

On a currency neutral basis, revenue increased 6%. Adjusted earnings-per-share of $3.36 compared favorably to $3.17 in the prior year and was $0.07 above estimates.

For the quarter, U.S. grew 7% while international was up 1.2% on a reported basis. Excluding currency exchange, international was higher by 4.8%. Organic growth was up 0.7% for the period.

Click here to download our most recent Sure Analysis report on BDX (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 6.0%.

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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