From Wikipedia, the free encyclopedia
The S&P 500 Dividend Aristocrats is a stock market index composed of the
companies in the S&P 500 index that have increased their dividends in each of
the past 25 consecutive years. It was launched in May 2005.[1]
There are other indexes of dividend aristocrats that vary with respect to
market cap and minimum duration of consecutive yearly dividend increases.
Components are added when they reach the 25-year threshold and are removed when
they fail to increase their dividend during a calendar year or are removed from
the S&P 500. However, a study found that the stock performance of companies
improves after they are removed from the index.[2]
The index has been recommended as an alternative to bonds for investors looking
to generate income.[3]
Contents
- 1Components
- 1.1Components history
- 2References
- 3External links
Components[edit]
There are 64 companies in the index.[4][5]
| Company | Ticker symbol | Sector |
| 3M | MMM | Industrials |
| A.O. Smith | AOS | Industrials |
| Abbott Laboratories | ABT | Health Care |
| AbbVie | ABBV | Health Care |
| AFLAC | AFL | Financials |
| Air Products & Chemicals | APD | Materials |
| Albemarle Corporation | ALB | Materials |
| Amcor | AMCR | Materials |
| Archer-Daniels-Midland Co | ADM | Consumer Staples |
| Atmos Energy Corp | ATO | Utilities |
| Automatic Data Processing | ADP | Information Technology |
| Becton Dickinson & Co | BDX | Health Care |
| Brown & Brown Inc. | BRO | Financials |
| Brown–Forman (class B) | BF.B | Consumer Staples |
| Cardinal Health Inc | CAH | Health Care |
| Caterpillar Inc | CAT | Industrials |
| Chevron Corp | CVX | Energy |
| Chubb Limited | CB | Financials |
| Church & Dwight Co. Inc. | CHD | Consumer Staples |
| Cincinnati Financial Corp | CINF | Financials |
| Cintas Corp | CTAS | Industrials |
| Clorox | CLX | Consumer Staples |
| Coca-Cola Co | KO | Consumer Staples |
| Colgate-Palmolive | CL | Consumer Staples |
| Consolidated Edison Inc | ED | Utilities |
| Dover Corp | DOV | Industrials |
| Ecolab Inc | ECL | Materials |
| Emerson Electric | EMR | Industrials |
| Essex Property Trust | ESS | Real Estate |
| Expeditors International of Washington | EXPD | Industrials |
| Exxon Mobil Corp | XOM | Energy |
| Federal Realty Investment Trust | FRT | Real Estate |
| Franklin Resources Inc | BEN | Financials |
| General Dynamics | GD | Industrials |
| Genuine Parts Company | GPC | Consumer Discretionary |
| Hormel Foods Corp | HRL | Consumer Staples |
| Illinois Tool Works | ITW | Industrials |
| IBM | IBM | Information Technology |
| Johnson & Johnson | JNJ | Health Care |
| Kimberly-Clark | KMB | Consumer Staples |
| Linde plc | LIN | Materials |
| Lowe's | LOW | Consumer Discretionary |
| McCormick & Company | MKC | Consumer Staples |
| McDonald's Corp | MCD | Consumer Discretionary |
| Medtronic plc | MDT | Health Care |
| NextEra Energy | NEE | Utilities |
| Nucor Corp | NUE | Materials |
| Pentair | PNR | Industrials |
| PepsiCo | PEP | Consumer Staples |
| PPG Industries | PPG | Materials |
| Procter & Gamble | PG | Consumer Staples |
| Realty Income | O | Real Estate |
| Roper Technologies | ROP | Industrials |
| S&P Global Inc | SPGI | Financials |
| Sherwin-Williams | SHW | Materials |
| Stanley Black & Decker | SWK | Industrials |
| Sysco Corp | SYY | Consumer Staples |
| T Rowe Price Group Inc | TROW | Financials |
| Target Corp | TGT | Consumer Discretionary |
| VF Corporation | VFC | Consumer Discretionary |
| W. W. Grainger | GWW | Industrials |
| Walgreens Boots Alliance | WBA | Consumer Staples |
| Walmart Inc. | WMT | Consumer Staples |
| West Pharmaceutical Services Inc | WST | Health Care |
Components history[edit]
The following are the changes to the components of the index since 2008:
In 2022, two companies were added to the index: Brown & Brown, Inc. (BRO) and
Church & Dwight Co., Inc. (CHD).[5] AT&T Inc. (T) was removed due to its
dividend cut[6] and People's United Financial, Inc. (PBCT) was removed when its
merger with M&T Bank Corporation was finalized.[7]
In 2021, there were three additions to the index: IBM (IBM), NextEra Energy
(NEE) and West Pharmaceutical Services (WST). Five companies were removed from
the index: Raytheon (RTX), Carrier Global (CARR), Otis Worldwide (OTIS),
Stryker Corporation (SYK) and Leggett & Platt (LEG), which was removed when it
moved from the S&P 500 to the S&P MidCap 400.[8]
In 2020, there were 7 additions: Amcor (AMCR), Atmos Energy (ATO), Realty
Income Corporation (O), Essex Property Trust (ESS), Ross Stores (ROST),
Albemarle Corporation (ALB), and Expeditors International (EXPD) were added to
the list effective prior to market open on February 3. United Technologies was
renamed Raytheon Technologies after divestment of some divisions and remained
in the index. Both spinoffs Carrier Global (CARR) and Otis Worldwide (OTIS)
were added to the index effective prior to the market opening on April 3,
2020.[9]
Removals in 2020: Ross Stores (ROST) and Helmerich & Payne (HP). Ross Stores
suspended its dividend on May 21 due to the COVID-19 pandemic and was removed
from the index prior to market open on July 1, 2020
In 2019, Chubb Limited (CB), People's United Financial (PBCT), Caterpillar Inc.
(CAT), and United Technologies (UTX) were added to the index.[10]
In 2016, Chubb Corp (CB) was removed upon acquisition by ACE Limited (ACE).
In 2015, Family Dollar Stores (FDO) was removed from the index due to its
purchase by Dollar Tree. Sigma-Aldrich (SIAL) was removed from the list due to
its acquisition by Merck Group.
In 2014, Bemis (BMS) was removed from the S&P 500 index and therefore removed
from the index.
In 2013, Pitney Bowes (PBI) was removed after slashing the dividend from 37.5c
to 18.75c per quarter per share.
In 2012, CenturyLink (CTL) was removed from the index. The following 9
companies were added to the index: AT&T (T), Colgate-Palmolive (CL), Franklin
Templeton Investments (BEN), Genuine Parts Company (GPC), Health Care Property
Investors (HCP), Illinois Tool Works (ITW), Medtronic (MDT), Sysco (SYY), and
T. Rowe Price (TROW).
In 2011, Ecolab (ECL), Hormel Foods (HRL), and McCormick & Company (MKC) were
added.
In 2010, ten companies were removed from the index: Avery Dennison (AVY), BB&T
(BBT), Gannett (GCI), General Electric (GE), Johnson Controls (JCI), Legg Mason
(LM), M&T Bank (MTB), Pfizer (PFE), State Street Bank (STT), and U.S. Bancorp
(USB). Brown Forman (BF.B) was added.
In 2009, 9 companies were removed from the index: Anheuser Busch (BUD), Bank of
America (BAC), Comerica (CMA), Fifth Third Bank (FITB), Keycorp (KEY),
Progressive Corp (PGR), Regions Financial (RF), Synovus Financial (SNV), and
Wrigley Company (WW), which was acquired by Mars, Incorporated. There were two
additions: Bemis Company (BMS) and Leggett & Platt (LEG).
In 2008, the index contained 52 companies.[11]
References[edit]
- ^ "S&P 500 Dividend Aristocrats". S&P Global.
- ^ Strauss, Lawrence C. (February 14, 2020). "When Dividend Aristocrats
Lose Their Status, Their Returns Often Improve". Barron's.
- ^ Carrel, Lawrence (July 30, 2020). "As More Firms Cut Dividends, Dividend
Aristocrats Show Resilience". Forbes.
- ^ Hall, Jason (July 12, 2021). "S&P 500's Best Dividend Aristocrats". The
Motley Fool.
- ^ Jump up to: a b Divine, John (February 10, 2022). "2022's Dividend
Aristocrats List: All 65 Stocks". U.S. News & World Report.
- ^ "S&P Dow Jones Indices Announces Rebalancing Results for the S&P 500
Dividend Aristocrats" (PDF). S&P Dow Jones Indices. January 24, 2021.
- ^ "Constituent Change Announced for the S&P 500 Dividend Aristocrats
Index" (PDF). S&P Dow Jones Indices. March 29, 2022.
- ^ "Signature Bank, SolarEdge Technologies and FactSet Research Systems Set
to Join S&P 500; Others to Join S&P MidCap 400 and S&P SmallCap 600" (PDF). S&P
Dow Jones Indices. December 3, 2021.
- ^ Strauss, Lawrence C. (February 7, 2020). "The 'Dividend Aristocrats' Add
7 New Members". Barron's.
- ^ Strauss, Lawrence C. (January 26, 2019). "4 Companies Have Joined the
'Dividend Aristocrats' — but Their Stocks Lag the Market". Barron's.
- ^ Soe, Aye M. (December 2008). "S&P 500 Dividend Aristocrats" (html).
Standard & Poor's. Social Science Research Network.
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Social Science Research Network - Wikipedia
SSRN was founded in 1994 by Michael C. Jensen and Wayne Marr, both financial
economists.[2]
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A true lover of wisdom has hands too busy to hold on to anything! He learns by
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