Time for another ‘Article of Interest’ post. This is now the 22nd post in this series. It’s been too long since my last post in this series, which was September, 2022!
Providing links to an updated list of Dividend Aristocrats is something I’ve done for the past few years. This year, I point you to THREE articles covering the updated list of Dividend Aristocrats (updated for 2023)… one from Kiplinger, one from Sure Dividend and one from Simply Safe Dividends.
To recap the intent of this series… every now and then, when perusing investing or personal finance articles across the Internet, I come across what I call an ‘Article of Interest’, or ‘A of I’ for short.
I decided it might be helpful to share a link to the article(s) in case some of my visitors would find it of interest as well.
In most cases, the articles will focus on dividend-paying stocks or dividend growth investing (DGI). However, other finance-related topics might be highlighted, too.
Now that we are up-to-speed, let’s get some more details regarding what this A of I is about…
Link Overview
Today’s links take you to three articles, each of which provide a list of the 2023 Dividend Aristocrats.
In general, Dividend Aristocrats are companies in the S&P 500 Index that have raised their annual dividend payouts every year for at least 25 consecutive years.
As you probably know, Dividend Aristocrats are some of the best dividend stocks, as they’ve been able to raise their dividend payments each and every year no matter the business/market environment.
Sixty-seven or sixty-eight different stocks are part of this year’s list (I’ll explain later). There are 3 additions compared to last year’s list: Nordson (NDSN), CH Robinson Worldwide (CHRW) & J.M. Smucker Co. (SJM). While NDSN has a dividend streak longer than 25 years, it became eligible to be a Dividend Aristocrat in 2023 after its inclusion in the S&P 500 during 2022.
The first link is from Kiplinger. You may recall that they had a similar article in 2020, 2021 & 2022. It appears this is an annual tradition.
As before, each stock comes with a brief status/review. The stocks are listed in order of increasing number of consecutive annual dividend raises.
Kiplinger only lists 67 stocks instead of 68. It doesn’t have Leggett & Platt (LEG) on its list.
https://www.kiplinger.com/investing/stocks/dividend-stocks/best-dividend-stocks-you-can-count-on
The second link is from Sure Dividend. While this also covers the 2023 list of Dividend Aristocrats, it takes a more detailed look at the stocks. Here are some of the ways the list is examined:
- How to Use the Dividend Aristocrats List to Find Dividend Investment Ideas
- Performance of Dividend Aristocrats
- Sector Composition of the Dividend Aristocrats
- The 7 Best Dividend Aristocrats Today
- Link to Last Dividend Analysis Performed by Sure Dividend on each Dividend Aristocrat
- Historical Dividend Aristocrats List
- FAQs & Final Thoughts
https://www.suredividend.com/dividend-aristocrats-list/
There’s plenty of info here, providing plenty to read!
This year I’m throwing in a 3rd link from Simply Safe Dividends (SSD). Why another link?… it’s possible the list and write-up from SSD is the easiest to digest.
SSD only shows 67 stocks as well, as they’ve removed V.F. Corp (VFC) from its list due to its recent dividend cut that will most likely end up removing the stock from the Dividend Aristocrat list in 2024.
SSD lists the Dividend Aristocrats by dividend yield, and also provides a dividend safety category for each of them, which is a nice feature in its article. There is one Dividend Aristocrat with a ‘Borderline Safe’ classification, while all the others are classified as ‘Safe’ or ‘Very Safe’.
After pouring over the list, I found that my Portfolio contains 19 of the Dividend Aristocrats – one more than my Portfolio had in 2022.
I own shares in over 1/4 of the entire Dividend Aristocrats list, and nearly 1/3 of the stocks in my Portfolio are Dividend Aristocrats.
How many Dividend Aristocrats are present in your portfolio? Is this number an increase or decrease compared to last year? Do you have a favorite Dividend Aristocrat?
I hope you find the article useful and/or enjoyable. As always, please share your thoughts once you’ve had a chance to read the material.
See you next time…
The aristocrats list is how I started building my portfolio way back when I got into dividend investing. Tough to see VFC fall out after so many years of dividend increases. Funny, I just nibbles a bit this month after they cut their dividend. Seems like they might be on the right way back to former glory. Thanks for sharing.
Hey DivHut! It’s always sad to see a Dividend King give up its status, but it appears VFC needed to right-size the dividend to alleviate some of the financial challenges they are facing today.
I can see adding some VFC right now, as even after the cut the dividend is still 4%+, and the stock appears undervalued assuming they can get the business firing on all cylinders again.