A dividend aristocrat is a stock on the S&P 500 that has continuously raised its dividends for at least the past 25 years. Investors might consider investing in dividend-paying growth stocks that are more stable and less volatile. When it comes to dividend growth, dividend aristocrats are the best. Some of the most trusted brands include 3M, Johnson & Johnson, and Procter & Gamble. The most valuable dividend aristocrat stocks are those with a track record of increasing earnings per share. Long-term competitive advantages are also reflected in earnings growth over time. A dividend-paying stock must have a higher yield than a non-dividend-paying stock. 3M Company began paying dividends in 1958, after being created in 1902. Currently, the corporation pays a quarterly dividend of $1.48 per share, yielding 2.89 percent. The payout ratio of 3M Company was 59.46 percent as of March 31. The healthcare powerhouse upped its dividend by 5% to $1.06 per share, extending its 59-year dividend growth streak. Investing in Johnson & Johnson stock, which yields 2.5 percent, can provide a greater current income level. The Procter & Gamble Company is one of the top aristocrat dividend stocks, with a payout that has risen for 49 years. Gillette razors, Tide detergent, and Pampers diapers are among the company’s key consumer products brands. Due to market volatility, not all dividend aristocrats maintain their status as a dependable dividend-paying investment.
Insider Monkey highlights the list of the 10 best aristocrat dividend stocks to buy now. W.W. Grainger, Inc. has grown its yearly dividend for 49 years in a row and maintains a 45 percent fair payout ratio. Power and hand tools, cleaning and maintenance supplies, and safety and security equipment are all available from the Illinois-based company. In the last year, the stock has increased by 59 percent. In the ranking of the top ten aristocrat dividend stocks to purchase, Consolidated Edison, Inc. comes in ninth. The corporation is New York’s largest utility, servicing 10 million people in Westchester County and New York City. This dividend aristocrat has increased its annual payout without fail for the past 47 years. For the past 35 years, T. Rowe Price Group, Inc. has increased its dividend every year. The corporation pays out $1.08 per share on a quarterly basis. TROW’s stock has gained by 65 percent in the last year. The 3M Company is ranked 7th among the best aristocrat dividend stocks to invest in. The company has grown its dividend every year for the past 63 years, and it now pays out $1.48 a share quarterly. MMM’s stock has increased by 37 percent in the last year. The healthcare company, founded in Ohio, sells over-the-counter medications as well as branded and generic pharmaceuticals. For the past 34 years, Cardinal Health has boosted its regular dividend. The company’s market capitalization is $16 billion. For more details, click 10 Best Aristocrat Dividend Stocks to Buy.
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