A Dividend Aristocrat is a publicly traded corporation that has paid annual dividends to its shareholders for the past 25 years. The Dividend Aristocrat list presently has 65 companies on it. Every year, when a company reaches the 25-year mark, it is added to the list. If a firm fails to boost its dividend, it must wait another 25 years to be reinstated on the list. A corporation must be a Dividend Aristocrat if it is a member of the S&P 500, which is an index that measures the 500 largest publicly traded companies.
Dividend Aristocrats can be purchased through both traditional and online brokerage accounts. Dividend Aristocrats are also available as exchange-traded funds (ETFs). Rather than individual aristocrats, this ETF includes all of them.
Is KO an aristocrat?
Coca-Cola, like Lowe’s, is both a Dividend Aristocrat and a Dividend King. For the past 59 years, the corporation has grown its dividend payout. The dividend yield on Coke is nearly 3.1 percent.
Coca-Cola hasn’t been a big winner for investors in recent years, with its stock growing only 25% in five years. However, things are looking up for the organization right now. Coke’s first-quarter earnings were pleasantly positive. The company’s beverage revenues should increase as more customers return to dining in restaurants.
Even yet, this investment is unlikely to produce the same high returns as the others on our list. Coca-Cola, on the other hand, remains a terrific long-term investment for income investors.
Can I live off of dividends?
The most important thing to most investors is a secure retirement. Many people’s assets are put into accounts that are only for that reason. Living off your money once you retire, on the other hand, might be just as difficult as investing for a decent retirement.
The majority of withdrawal strategies require a combination of bond interest income and stock sales to satisfy the remaining balance. This is why the renowned four-percent rule in personal finance persists. The four-percent rule aims to provide a continuous inflow of income to retirees while also maintaining a sufficient account balance to continue for many years. What if there was a method to extract 4% or more out of your portfolio each year without selling shares and lowering your principal?
Investing in dividend-paying equities, mutual funds, and exchange-traded funds is one strategy to boost your retirement income (ETFs). Dividend payments produce cash flow that might complement your Social Security and pension income over time. It may even give all of the funds necessary to sustain your pre-retirement lifestyle. If you plan ahead, it is feasible to survive off dividends.
Is Kinder Morgan a dividend aristocrat?
This Aristocrat will almost certainly continue to provide a healthy dividend. The oil and gas transportation industry is expected to develop at a compound annual growth rate of 6% through 2026, owing to increased demand. Pipeline projects that were put on hold during the pandemic are now ramping up and running at full capacity. This could give Enbridge with revenue growth to fund dividends, as well as a boost to the stock price as it recovers from a 35% decline in 2020. The stock dropped from $42 to $27 before regaining momentum and reaching the $40 barrier once more.
What is the dividend yield for Coca Cola?
For than a century, Coca-Cola has been quenching people’s thirst. The company manufactures and sells its beverages all around the world, with a focus on restaurants, movie theaters, and theme parks. The technique backfired during the coronavirus outbreak, but it’s now paying off as economies recover.
Coca-Cola pays a quarterly dividend of $0.42 per share, resulting in a dividend yield of 3.07 percent. The company’s dividend payout ratio, or the percentage of earnings paid out as dividends, has risen to over 100% in recent years. In particular, a dividend payout ratio of more than 100% is unsustainable in the long run since the company will eventually run out of cash.
Is Merck a dividend aristocrat?
Bill Chappell, a Truist analyst, maintained a Buy rating on The Coca-Cola Company (NYSE:KO) on July 22 and raised his price target to $65 from $60.
62 hedge funds out of 873 tracked by Insider Monkey had holdings in The Coca-Cola Company (NYSE:KO) worth $24.96 billion by the end of the second quarter of 2021. This compares to 61 hedge funds with a total position worth of $24.90 billion in the previous quarter.
Merck & Company, Inc. (NYSE:MRK)
Merck & Company, Inc. (NYSE:MRK) is a worldwide pharmaceutical corporation that offers a variety of health-related services and products. The New Jersey-based firm, which is ranked tenth on our list of the 11 top dividend aristocrats with a yield of over 3%, has a market capitalization of $206.56 billion.
Merck & Company, Inc. (NYSE:MRK) announced earnings per share of $1.31 in the second quarter of 2021, missing forecast projections by $0.04. The company’s revenue was $11.40 billion, which was $208.55 million higher than expected.
On October 1, Citi analyst Andrew Baum restated a Buy rating and a $105 price target on Merck & Company, Inc. (NYSE:MRK).
By the conclusion of the second quarter of 2021, 79 hedge funds out of the 873 tracked by Insider Monkey had invested more than $5.29 billion in Merck & Company, Inc. (NYSE:MRK). This compares to 79 hedge funds with a total position worth of $6.5 billion in the previous quarter.
Merck & Company, Inc. (NYSE: MRK) is a notable stock to invest in, similar to The Procter & Gamble Company (NYSE:PG), The Coca-Cola Company (NYSE:KO), Johnson & Johnson (NYSE:JNJ), and Chevron Corporation (NYSE:CVX).
Lockheed Martin Corporation (NYSE:LMT)
Lockheed Martin Corporation (NYSE:LMT) is an aerospace, security, and technology company based in the United States. The company, which is based in Maryland, develops, designs, and manufactures technological systems and products all over the world. The aerospace firm is ranked ninth among the 11 top dividend aristocrats with a yield of above 3% on our list of the greatest dividend aristocrats.
Morgan Stanley analyst Kristine Liwag reiterated an Overweight rating and a $458 price objective on Lockheed Martin Corporation shares on September 27. (NYSE:LMT).
By the conclusion of the second quarter of 2021, 58 hedge funds out of the 873 tracked by Insider Monkey had a $1.6 billion position in Lockheed Martin Corporation (NYSE: LMT). This compares to 50 hedge funds with a total stake worth of $2.3 billion in the previous quarter.
Lockheed Martin Corporation (NYSE: LMT) released its quarterly results report on July 26, with an EPS of $6.52, which was in line with expectations for the quarter. The company’s revenue was $17.03 billion, which was $89.10 million higher than market expectations.
RiverPark Advisers, LLC. shared their forecasts for improved shareholder returns from Lockheed Martin Corporation in their Q4 2020 investor letter (NYSE:LMT). The following is what the fund said:
Is Clorox a dividend aristocrat?
Aristocrat of Dividends With its newest dividend rise announcement, The Clorox Company (NYSE: CLX) will maintain its prestigious standing.
Clorox announced a 5% raise in its quarterly dividend, from $1.11 to $1.16 per share of ordinary stock, on Wednesday morning. The dividend will be paid on Aug. 13, 2021, to investors who were on the books on July 28, 2021.
For nearly 20 years, the corporation has increased its dividend, and it has paid an annual dividend for more than 50 years.
During the COVID crisis, Clorox was a huge winner. However, it has recently faced difficult year-over-year comparisons. In addition, the company lowered its 2022 guidance in the most recent quarter. Nonetheless, the company is on course to post its strongest full-year top-line growth in more than 20 years, and it will raise pricing strategically.
Following the latest results and guidance drop, Wells Fargo analyst Chris Carey downgraded Clorox to “Underweight” from “Overweight,” calling it “dead money” at best. With shares currently trading just a few dollars below his $170 price estimate, the analyst does not expect much downside.
Other analysts are more optimistic, with the average Wall Street price objective of $192, implying an increase of around 8%.
Given its solid dividend yield, steady dividend growth, and stable business strategy, dividend investors may want to keep an eye on Clorox and add on weakness.
