Deep Dive: 20 income-building stocks that the numbers say could become elite Dividend Aristocrats

by | Mar 6, 2023 | Stock Market

Back in January, we took a deep look into three groups of Dividend Aristocrat stocks to show which ones had increased their payouts most significantly over the past five years. Now it is time for a follow-up on other companies that have the potential to earn the Aristocrat distinction. Before doing this new stock screen, we have to define the Aristocrats:

The S&P 500 Dividend Aristocrats Index
is made up of 65 stocks in the S&P 500
of companies that have raised their dividends on common shares for at least 25 consecutive years. That is the only requirement — it makes no difference how high or low the current dividend yield may be. The index is equal-weighted, rebalanced quarterly and reconstituted annually. It is tracked by the ProShares S&P 500 Dividend Aristocrats ETF
The ETF’s total return with dividends reinvested for five years through March 3 has been 62%, slightly better than the 61% return for the ProShares S&P 500 Dividend Trust
for the same period. But NOBL is less than 10 years old. If we look at 10-year performance for the indexes, the full S&P 500 has beaten …

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