Best dividend stocks to buy

Best dividend stocks to buy – Dividend aristocrats 2024

In this article we will publish the complete list of stocks making the “S&P 500 Dividend aristocrat” by sector. Also, we will review the strategy of investing in dividend stocks. The “S&P 500 Aristocratic Dividend” is one of the most attractive indices for investors looking for a quality dividend Name and Symbols. The criteria’s for admission to the “S&P 500 Dividend Aristocrats” are very strict. The stocks that make up the list must have had 25 consecutive years history of increasing their dividends. The index is mainly composed of large cap stocks (Bluechips). If you are looking for the Best dividend stock to buy, there is no question that Dividend aristocrats are a good starting point.

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US Stocks that pay monthly dividends (Full list by sector)

Investing in dividend-paying stocks

Investing in dividend paying stocks is a strategy that appeals to young and old investors. Here is a quick reminder of the main concepts to keep in mind before applying this strategy:

Investment horizon: 5 years or more minimum. The strategy of investing in dividend paying stocks is not suitable for an investor with a short term horizon (less than 5 years).

Objective: The strategy can help you build passive income or further grow your capital by reinvesting the dividends received.

Risk Tolerance: Medium (provided you restrict yourself to selecting quality securities and having a diversified portfolio across several sectors).

About the list

The list of S&P 500 Dividend Aristocrats. The research firm Standard and Poors updates this list annually. In the update, Standard & Poor’s withdraws securities that would not have increased their dividend payments from the previous year. The index is rebalanced quarterly in January, April, July and October.

Again, the list is just a starting point to begin your research! The list has been organized by industry to make it easier for you to build a diversified portfolio.

Full list of ‘Dividend Kings’ stocks by sector

Best dividend stocks to buy (Industrial)

TickerNameYears of Dividend Increases5-Year Dividend Growth (Annualized)
DOVDover Corp.680.8%
EMREmerson Electric Co.671.0%
ITWIllinois Tool Works, Inc.605.5%
NDSNNordson Corp.6012.3%
SWKStanley Black & Decker Inc563.3%
GWWW.W. Grainger Inc.527.3%
ADPAutomatic Data Processing Inc.4912.1%
PNRPentair plc485.0%
CTASCintas Corporation41N/A
GDGeneral Dynamics Corp.336.8%
ROPRoper Technologies Inc3110.2%
AOSA.O. Smith Corp.305.9%
CATCaterpillar Inc.304.8%
EXPDExpeditors International Of Washington, Inc.29N/A
CHRWC.H. Robinson Worldwide, Inc.253.6%
FASTFastenal Co.259.3%
As of June 24th, 2024 Source: SureDividends

Financial ratios

Best dividend stocks to buy (Health)

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TickerNameYears of Dividend Increases5-Year Dividend Growth (Annualized)
ABTAbbott Laboratories5211.4%
ABBVAbbvie Inc527.7%
BDXBecton Dickinson & Co.524.3%
CAHCardinal Health, Inc.370.8%
JNJJohnson & Johnson625.5%
MDTMedtronic Plc475.0%
WSTWest Pharmaceutical Services, Inc.315.9%
As of June 24th, 2024 Source: SureDividends

Financial ratios

Best dividend stocks to buy (Financial)

TickerNameYears of Dividend Increases
CINFCincinnati Financial Corp.64
FMCBFarmers & Merchants Bancorp58
CBSHCommerce Bancshares, Inc.54
SPGIS&P Global Inc51
UBSIUnited Bankshares, Inc.50
RLIRLI Corp.48
FLICFirst Of Long Island Corp.45
BENFranklin Resources, Inc.44
CTBICommunity Trust Bancorp, Inc.43
ORIOld Republic International Corp.42
AFLAflac Inc.41
TROWT. Rowe Price Group Inc.38
SRCE1st Source Corp.36
TMPTompkins Financial Corp36
EFSIEagle Financial Services, Inc.35
THFFFirst Financial Corp. – Indiana35
ERIEErie Indemnity Co.34
SEICSEI Investments Co.33
TYCBCalvin b. Taylor Bankshares, Inc.33
FFMRFirst Farmers Financial Corp32
NWFLNorwood Financial Corp.32
UMBFUMB Financial Corp.32
CBChubb Limited31
CBUCommunity Bank System, Inc.31
BANFBancfirst Corp.30
BROBrown & Brown, Inc.30
CFRCullen Frost Bankers Inc.30
CPKFChesapeake Financial Shares Inc30
EBTCEnterprise Bancorp, Inc.30
PSBQPSB Holdings Inc (WI)30
WABCWestamerica Bancorporation30
SBSISouthside Bancshares Inc29
NIDBNortheast Indiana Bancorp Inc.28
OZKBank OZK28
RNRRenaissanceRe Holdings Ltd28
AROWArrow Financial Corp.27

Financial ratios

Best dividend stocks to buy (Technology)

TickerNameYears of
Dividend
Increases
IBMInternational Business Machines Corp.29

Financial ratios

Best dividend stocks to buy (Materials)

TickerNameYears of
Dividend
Increases
PPGPPG Industries, Inc.52
NUENucor Corp.50
SHWSherwin-Williams Co.45
APDAir Products & Chemicals Inc.41
ECLEcolab, Inc.31
LINLinde Plc.30
ALBAlbemarle Corp.28

Financial ratios

Best dividend stocks to buy (Consumer discretionary)

TickerNameYears of Dividend Increases
GPCGenuine Parts Co.67
LOWLowe`s Cos., Inc.60
LEGLeggett & Platt, Inc.52
MCDMcDonald`s Corp49
SONSonoco Products Co.41
ATRAptargroup Inc.30
PIIPolaris Inc28

Financial ratios

Best dividend stocks to buy (Consumer staples)

TickerNameYears of Dividend Increases
PGProcter & Gamble Co.67
CLColgate-Palmolive Co.61
KOCoca-Cola Co61
LANCLancaster Colony Corp.61
HRLHormel Foods Corp.58
TRTootsie Roll Industries, Inc.56
TGTTarget Corp55
MOAltria Group Inc.54
SYYSysco Corp.53
UVVUniversal Corp.53
KMBKimberly-Clark Corp.52
ADMArcher Daniels Midland Co.51
PEPPepsiCo Inc51
WMTWalmart Inc50
CLXClorox Co.46
BF.BBrown-Forman Corp.40
MKCMcCormick & Co., Inc.38
ANDEAndersons Inc.28
CHDChurch & Dwight Co., Inc.27
SJMJ.M. Smucker Co.27

Financial ratios

Best dividend stocks to buy (Real estate)

TickerNameYears of Dividend Increases
ESSEssex Property Trust, Inc.29
FRTFederal Realty Investment Trust.56
NNNNNN REIT Inc34
ORealty Income Corp.26
UHTUniversal Health Realty Income Trust39

Financial ratios

Best dividend stocks to buy (Utilities)

TickerNamePriceYears of Dividend Increases
AWRAmerican States Water Co.75.9569
NWNNorthwest Natural Holding Co37.0368
CWTCalifornia Water Service Group45.9356
SJWSJW Group60.3556
BKHBlack Hills Corporation52.5554
MSEXMiddlesex Water Co.57.2351
EDConsolidated Edison, Inc.92.7850
MGEEMGE Energy, Inc.65.6346
ATOAtmos Energy Corp.115.7940
UGIUGI Corp.25.136
WTRGEssential Utilities Inc36.6132
ETREntergy Corp.101.9930
ARTNAArtesian Resources Corp.36.9829
NEENextEra Energy Inc59.7527
NJRNew Jersey Resources Corporation41.4627
ESEversource Energy55.9626
YORWYork Water Co.36.6126

Financial ratios

Best dividend stocks to buy (Energy)

TickerNameYears of Dividend Increases
NFGNational Fuel Gas Co.53
XOMExxon Mobil Corp.41
NCNacco Industries Inc.38
CVXChevron Corp.36
ENBEnbridge Inc27
EPDEnterprise Products Partners L P26

Financial ratios