The three newest dividend aristocrats are as follows:
What makes a Dividend Aristocrat?
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 IBM an aristocrat dividend?
The historic computer company maintained its status as a Dividend Aristocrat by raising its quarterly dividend for the 26th year in a row on Tuesday. It is one of only a few stocks in the S&P 500 that has increased its dividend at least once a year for at least 25 years in a row.
Is there a Dividend Aristocrats ETF?
The ProShares S&P 500Dividend Aristocrats ETF seeks investment results that replicate the performance of the S&P 500Dividend AristocratsIndex before fees and expenses.
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 should provide Enbridge with revenue growth to support dividends, as well as a boost to the stock price as it recovers from a 35% drop in 2020. The stock dropped from $42 to $27 before regaining momentum and reaching the $40 barrier once more.
Are dividend aristocrats safe?
Stocks that provide dividends are always safe. Dividend aristocrats—companies that have increased their dividend every year for the past 25 years—are frequently seen as safe investments.
Is Verizon an aristocrat?
Verizon Communications (NYSE: VZ), a future “Dividend Aristocrat,” took a shot at AT&T (NYSE: T) with its latest dividend announcement.
In line with the previous three quarters, Verizon declared a quarterly dividend of 62.75 cents per outstanding share. Verizon shareholders who were present at the conclusion of business on July 9, 2021 will receive a quarterly dividend on August 2, 2021. Based on the current Verizon share price, the annual dividend yield is 4.5 percent.
“As we continue to execute our multi-purpose network strategy and increase the top and bottom lines, we are committed to delivering value to our shareholders,” stated Chairman and CEO Hans Vestberg. “We expect the Board will be able to enhance the dividend again later this year, as a result of the strength of our business and revenue growth trajectory, as we have done for the past 14 years.”
With its plans to merge its WarnerMedia assets with Discovery, AT&T just stated that it will decrease its dividend by roughly half (NASDAQ: DISCA).
“Dividend Aristocrats” are S&P 500 firms that have grown their dividends for at least 25 years in a row.
Verizon would have to wait another ten years to join the prestigious list after this year.
Is Pfizer a dividend aristocrat?
Pfizer has paid a dividend since 1980 and has grown it for 11 years in a row, earning the business the title of Dividend Contender. PFE was a Dividend Aristocrat until the Great Recession, when it slashed its dividend.
Pfizer has a wide moat thanks to its strategic assets (patents), economies of scale, and strong distribution network. The company has a broad and diverse medicine portfolio, as well as a steady pipeline of novel products.
Is Apple a dividend stock?
Apple paid a $0.68 split-adjusted annual dividend in fiscal year 2018. Its annual dividend was $0.75 in 2019, and $0.795 in 2020. From 2018 to 2019, its yearly dividend increased by 10.3 percent, and by 10.6 percent from 2019 to 2020.
