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2025 Dividend Aristocrats List | Updated Daily | All 69 Analyzed


Article updated on November 4th, 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 October 2025, the Dividend Aristocrats, as measured by the Dividend Aristocrats ETF (NOBL), registered a negative total return of -1.4%. 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 10.1% total annual return for the Dividend Aristocrats and a 14.6% 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: Roper Technologies (ROP)

Roper Technologies is a specialized industrial company that manufactures products such as medical and scientific imaging equipment, pumps, and material analysis equipment.

Roper Technologies also develops software solutions for the healthcare, transportation, food, energy, and water industries. The company was founded in 1981, generates around $7.0 billion in annual revenues, and is based in Sarasota, Florida.

On October 23rd, 2025, Roper posted its Q3 results for the period ending September 30th, 2025. Quarterly revenues and adjusted EPS were $2.02 billion and $5.14, up 14% and 11% year-over-year, respectively.

Organic growth was 6%, with acquisitions contributing 8%, reflecting continued strength across Roper’s diversified software and technology portfolio.

During the quarter, the company deployed $1.3 billion toward strategic acquisitions, including Subsplash and several bolt-on deals, while continuing to advance AI-driven innovation across its businesses.

Management modestly adjusted its full-year 2025 adjusted EPS guidance to a range of $19.90 to $19.95 (from $19.90 to $20.05 previously) to reflect minor dilution from recent acquisitions.

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

Dividend Aristocrat #9: Clorox Co. (CLX)

Clorox is a manufacturer and marketer of consumer and professional products, spanning a wide array of categories from charcoal to cleaning supplies to salad dressing.

More than 80% of its revenue comes from products that are #1 or #2 in their categories across the globe, helping Clorox produce more than $7 billion in annual revenue. The company also boasts an outstanding dividend increase streak of 48 consecutive years.

Clorox posted fourth quarter and full-year earnings on July 31st, 2025, and results were quite good for the fourth quarter. Adjusted earnings-per-share came to $2.87, which was 66 cents ahead of estimates. Revenue was up 5.3% year-over-year to $2 billion, and beat estimates by $70 million.

The company noted it received a temporary benefit from retailer inventory build ahead of a shipping transition, as well as its divestiture of Better Health Vitamins.

The management team noted it’s been transitioning to a more efficient inventory management system, which prompted retailers to front-run orders before the switch. As a result, Q2 results are not fully representative.

The management team also noted “continued rapidly shifting consumer behaviors and broader market volatility” as the outlook for fiscal 2026 looks murky to say the least.

Sales are expected to be down 6% to 10% for fiscal 2026, while organic sales are expected to decline between 5% and 9%, including a 7% to 8% negative impact from the front-running by retailers.

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

Dividend Aristocrat #8: Hormel Foods (HRL)

Hormel Foods was founded back in 1891 in Minnesota. Since that time, the company has grown into a juggernaut in the food products industry with nearly $10 billion in annual revenue.

Hormel has kept with its core competency as a processor of meat products for well over a hundred years, but has also grown into other business lines through acquisitions.

Hormel 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.

Hormel posted third quarter earnings on August 28th, 2025, and results were very weak, including disappointing guidance for the fourth quarter.

Adjusted earnings-per-share came to 35 cents, which was six cents light of estimates. Revenue was up 4.5% year-over-year to $3.03 billion, beating estimates by $50 million. Organic net sales were up 6% year-over-year on volume gains of 4%, with price and mix comprising the other 2%.

The company also noted its cost savings program is working and helping save about $125 million annually. Gross profit was flat year-on-year, with inflationary headwinds offset by top line gains. The company noted 400 basis points of raw material cost inflation, a massive headwind to margins.

Cash flow from operations were $157 million, while capex was $72 million, and dividends paid were $159 million. Guidance for Q4 was for net sales of ~$3.2 billion, about $50 million light of consensus. Earnings are expected at ~39 cents.

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

Dividend Aristocrat #7: Automatic Data Processing (ADP)

Automatic Data Processing is one of the largest business services outsourcing companies in the world. The company provides payroll services, human resources technology, and other business operations to more than 700,000 corporate customers. Automatic Data Processing produces annual revenue of about $20 billion.

ADP posted fourth quarter earnings on July 30th, 2025, and results were better than expected once again. For the quarter, adjusted earnings-per-share came to $2.26, which was three cents ahead of estimates. Earnings rose from $2.09 a year ago. Revenue was up more than 7% year-over-year to $5.1 billion, beating estimates by $50 million.

Employer Services revenue was $3.47 billion, up 8% year-over-year. Segment earnings were $1.16 billion, rising 9% as pretax margin was up 50 basis points to 33.5% of revenue. PEO Services revenue was up 7% to $1.66 billion. Segment earnings were up 6% to $220 million on pretax margin that declined 20 basis points to 13.2%.

Expenses rose from $3.77 billion a year ago to $4.03 billion in Q4. Adjusted EBIT margin was 23.7% of revenue, up from 23.3% a year earlier. Guidance was initiated at $10.81 to $11.01 in adjusted earnings-per-share.

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

Dividend Aristocrat #6: 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 July 18th, 2025, PepsiCo announced second quarter earnings results for the period ending June 30th, 2025. For the quarter, revenue grew 1.0% to $22.7 billion, which topped estimates by $430 million.

Adjusted earnings-per-share of $2.12 compared unfavorably to $2.28 the prior year, but this was $0.09 ahead of expectations. Currency exchange reduced revenue by 1.5% and adjusted earnings-per-share by 5%.

Organic sales grew 2.1% for the second quarter. For the period, volume for beverages was once again unchanged while food fell 1.5%.

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

Dividend Aristocrat #5: Brown & Brown (BRO)

Brown & Brown Inc. is a leading insurance brokerage firm that provides risk management solutions to both individuals and businesses, with a focus on property & casualty insurance. Brown & Brown has a notably high level of insider ownership.

Brown & Brown posted third quarter earnings on October 27th, 2025, and results were better than expected. Adjusted earnings-per-share came to $1.05, which was 12 cents ahead of estimates. Revenue soared 35% year-over-year thanks to acquisitions, beating estimates by $70 million at $1.61 billion.

Commissions and fees rose 34% year-over-year, while organic revenue (which excludes acquisitions) rose 3.5%. Income before taxes was $311 million, which was off 2% year-over-year, with margin declining from 26.7% of revenue to 19.4%.

For the nine months, revenue was up 19% year-over-year to $4.3 billion, with commissions and fees up 18%. Organic revenue growth was 4.6%. Income before taxes was $1 billion, up 2%, on margin that fell from 28.4% to 24.4% of revenue. EBITDAC was $1.6 billion on EBITDAC margin that rose from 35.9% to 37.1% of revenue.

We have slightly boosted our estimate of earnings-per-share for this year to $4.20. The company also boosted its dividend for the 32nd consecutive year, raising it by 10% to a new payout of 66 cents per share annually.

Click here to download our most recent Sure Analysis report on BRO (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 July 17th, 2025, PPG Industries raised its quarterly dividend 4.4% to $0.71, extending the company’s dividend growth streak to 54 consecutive years.

On July 29th, 2025, PPG Industries announced second-quarter results. For the quarter, revenue decreased 1% to $4.2 billion, but this was $40 million more than expected. Adjusted earnings-per-share of $2.22 compared unfavorably to adjusted earnings-per-share of $2.50 in the prior year, but was in-line with estimates.

Organic growth was 2% for the period as higher prices and volume each added 1% to results. Divestitures reduced year-over-year sales by 3%. Revenue for Global Architectural Coatings declined 5% to $1.02 billion as pricing was more than offset by a 2% decline from volume and a 4% impact from divestitures.

Performance Coatings grew 7% to $1.51 billion due to a 3% improvement in volume and 3% contribution from pricing. Currency exchange added 1%. Protective and marine coatings were again up for the period.

PPG Industries repurchased ~$150 million worth of shares during Q2 and has retired ~$540 million worth of shares year-to-date.

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

Dividend Aristocrat #3: 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 August 7th, 2025, BD announced results for the third quarter of fiscal year 2025, which ended June 30th, 2025. For the quarter, revenue improved 10.4% to $5.5 billion, which was $10 million more than expected.

On a currency neutral basis, revenue increased 8.5%. Adjusted earnings-per-share of $3.68 compared favorably to $3.50 in the prior year and was $0.28 more than anticipated.

For the quarter, U.S. grew 10% while international was up 11% on a reported basis. Excluding currency exchange, international was higher by 9.8%. Organic growth was higher by 3% for the period.

The Medical segment grew 3.2% organically to $2.93 billion, due to continued gains in Mediation Management Solutions and Pharmaceutical Systems.

Life Science fell 1.14% to $1.25 billion. Growth in Specimen Management was more than offset by declines in Biosciences and Diagnostic Solutions. Interventional returned to growth, with sales up 6.8% to $1.26 billion due to the Urology and Critical Care division. Surgery and Peripheral Intervention were also higher for the period.

BD partially reaffirmed its outlook for fiscal year 2025 as well. Revenue is still projected to be in a range of $21.8 billion to $21.9 billion, compared to $21.7 billion to $21.9 billion and $21.9 billion to $22.1 billion previously. Adjusted earnings-per-share is expected to be in a range of $14.30 to $14.45.

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

Dividend Aristocrat #2: Amcor plc (AMCR)

Amcor plc is one of the world’s most prominent designers and manufacturers of packaging for food, pharmaceutical, medical, and other consumer products. The company emphasizes making responsible packaging that is lightweight, recyclable, and reusable.

Amcor reported its fourth quarter results for Fiscal Year 2025 on August 14th, 2025. The company fiscal year ends in June. The company reported strong top-line growth driven by the transformational acquisition of Berry Global, which closed April 30.

Net sales rose 43% in constant currency to $5.1 billion, while adjusted EBITDA climbed 43% to $789 million. However, GAAP net income was a loss of $39 million, reflecting acquisition-related expenses. Adjusted EBIT increased 34% to $611 million, and adjusted EPS came in at 20 cents, down 5% due to a higher share count.

Segment results were mixed: Flexible Packaging posted 18% sales growth, while Rigid Packaging more than doubled sales and nearly tripled EBIT, although the North America beverage business continued to face volume and cost pressures.

For the full fiscal year, Amcor delivered net sales of $15.0 billion, up 11% in constant currency, with adjusted EBIT up 12% to $1.72 billion. Adjusted EPS increased 3% to 71.2 cents, supported by steady free cash flow of $926 million.

The balance sheet reflects the scale of the Berry deal, with net debt climbing to $13.3 billion and goodwill and intangibles expanding to $18.7 billion.

The company raised its annual dividend to 51 cents per share and underscored its focus on disciplined integration, with management targeting $650 million in cost synergies by fiscal 2028, including about $260 million in fiscal 2026.

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

Dividend Aristocrat #1: Factset Research Systems (FDS)

FactSet Research Systems, a financial data and analytics firm founded in 1978, provides integrated financial information and analytical tools to the investment community in the Americas, Europe, the Middle East, Africa, and Asia-Pacific.

The company provides insight and information through research, analytics, trading workflow solutions, content and technology solutions, and wealth management.

On September 18th, 2025, FactSet Research Systems announced Q4 2025 results, reporting non-GAAP EPS of $4.05 for the period, which missed market consensus by $0.08, and revenue grew 6.2% to $596.9 million. Operating performance also strengthened, with Q4 GAAP operating margin rising sharply to 29.7%.

GAAP diluted EPS surged 73.7% to $4.03, reflecting higher revenue and one-time gains from a business divestiture. For the full year, GAAP revenues climbed 5.4% to $2.32 billion, marking the company’s 46th consecutive year of revenue growth.

Organic ASV grew 5.7% to $2.37 billion, underscoring steady client demand and expansion across all regions. For the full fiscal year, FactSet delivered a 32.2% GAAP operating margin and $15.55 in diluted EPS, up 11.8% year over year.

Adjusted metrics were slightly lower, as increased technology spending weighed on margins, but overall profitability remained strong. Looking ahead, FactSet expects fiscal 2026 GAAP revenues between $2.42 billion and $2.45 billion and organic ASV growth of 4% to 6%.

Click here to download our most recent Sure Analysis report on FDS (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: Amcor currently yields 6.7%.

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 2.1%.

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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