Investors looking for quality large-cap stocks may want to consider a dividend growth strategy like the S&P 500® Dividend Aristocrats® Index. The index is made up of companies within the S&P 500 that have not just paid dividends, but grown them for at least 25 consecutive years, with most growing them for 40+ years. Get to know this elite group of companies and its three newest members.
What Makes an S&P 500 Dividend Aristocrat?
Robust Earnings: Often household names, they are an elite group of quality companies that have had stable earnings, solid fundamentals and strong histories of profit and growth.
Lower Volatility: The index has had strong performance with lower volatility than the S&P 500 since its inception in 2005.1
See AlsoVGT Dividend History, Dates & Yield - Stock AnalysisFirst Trust NASDAQ Technology Dividend Index Fund (TDIV) Stock Forecast, Price Targets & Predictions - TipRanks.comS&P Technology Dividend Aristocrats IndexProShares S&P Technology Dividend Aristocrats ETF (TDV) Stock Forecast, Price Targets & Predictions - TipRanks.comConsistent Dividend Growth: As a group, the S&P 500 Dividend Aristocrats have grown their dividends by 8% annually since 2006.2
What Companies Have Been Added in 2023?
The newest companies in the 67-member group are:
C.H. Robinson (Ticker: CHRW)
C.H. Robinson solves logistics challenges for global companies across industries. Headquartered in Eden Prairie, Minnesota, the company has grown its dividend by an average of 16.1% annually for the past 24 years.3
Nordson Corporation (Ticker: NDSN)
See AlsoS&P 500 Dividend AristocratsNordson is a leading engineer and manufacturer of systems that dispense, apply and control fluids, such as adhesives, sealants and coatings to a range of consumer and industrial industries. Headquartered in Westlake, Ohio, the company has averaged 10.2% annualized dividend growth over the last 25 years.4
J.M. Smucker (Ticker: SJM)
J.M. Smucker is a manufacturer of food and beverage products, with many well-known brands such as Smucker’s® fruit spreads, Jif® peanut butter, Folgers® coffee and Milk-Bone® dog treats. Headquartered in Orrville, Ohio, the company has grown its dividend 8.5% per year on average over the last 25 years.5
S&P 500 Dividend Aristocrats
How Can You Invest in the S&P 500 Dividend Aristocrats?
ProShares S&P 500 Dividend Aristocrats ETF (NOBL) is the only ETF focused exclusively on the S&P 500 Dividend Aristocrats. NOBL’s strategy has allowed investors to capture most of the gains of rising markets, and less of the loss in falling markets.6
NOBL is part of our suite of Dividend Growers ETFs covering U.S. market caps and international markets.
1,6Source: Morningstar
2Source: Bloomberg
3,4Source: FactSet
5Source: J.M. Smucker website
