All 67 Dividend Aristocrats \u2014 Complete List (2026)
The complete list of all 67 S&P 500 Dividend Aristocrats sorted by highest dividend yield. Current yields, payout ratios, growth rates, valuations, and sector breakdown.
Last Updated: March 16, 2026 · Data as of March 2026
12 min read
67
Dividend Aristocrats
2.42%
Average Yield
51
Median Years Increasing
71
Longest Streak (DOV)
Top 20 Dividend Aristocrats by Yield
Current dividend yield for the highest-paying aristocrats.
Key Findings
Sector Breakdown
How Dividend Aristocrats are distributed across GICS sectors.
Dividend Aristocrats List Sorted by Yield (2026)
All 67 S&P 500 Dividend Aristocrats ranked from highest to lowest dividend yield. Updated March 2026.
Highest Yielding Dividend Aristocrats (2026)
The top-paying Dividend Aristocrats by current dividend yield.
Investors searching for income often focus on the highest-yielding Dividend Aristocrats. As of March 2026, the top 10 highest-yielding aristocrats are:
However, a high yield is not always a buy signal. When a stock's yield is significantly above the aristocrat average of 2.42%, it may indicate the share price has fallen due to fundamental concerns. Always check the payout ratio and forward earnings estimates before buying a high-yield aristocrat purely for income.
Dividend Aristocrats Payout Ratio
Why payout ratio matters for dividend sustainability.
The payout ratio measures how much of a company's earnings are distributed as dividends. For Dividend Aristocrats, this metric is critical because it indicates whether future dividend increases are sustainable.
Below 50%: Healthy \u2014 plenty of room for future increases and business reinvestment.
50\u201375%: Moderate \u2014 sustainable for stable, mature businesses (common among Consumer Staples aristocrats).
Above 75%: Elevated \u2014 limited room for future increases. Watch for earnings growth to catch up.
Above 100%: Warning sign \u2014 the company is paying more in dividends than it earns. Unless this is temporary (e.g., one-time charges), a dividend cut may follow.
Among Dividend Aristocrats, Consumer Staples names like Procter & Gamble (PG) and Coca-Cola (KO) typically maintain payout ratios in the 55\u201370% range, while Industrials like Caterpillar (CAT) and Parker-Hannifin (PH) tend to run below 40%, prioritizing reinvestment. REITs like Federal Realty (FRT) have structurally higher payout ratios due to distribution requirements.
When evaluating a Dividend Aristocrat's payout ratio, compare it to the sector average rather than the full aristocrat list, since capital-light businesses naturally support higher payout levels.
Average Dividend Growth Rate of Dividend Aristocrats
How fast aristocrat dividends have grown over time.
Dividend Aristocrats are defined by consistency of dividend increases, not the size of those increases. However, many aristocrats have delivered impressive long-term dividend growth:
Lowe's (LOW): Has grown its dividend at approximately 17% annually over the past decade, one of the fastest rates among aristocrats.
S&P Global (SPGI): Delivered ~14% annualized dividend growth over 10 years, fueled by strong earnings from its data and analytics business.
Caterpillar (CAT): Dividend CAGR of ~10% over the last decade, supported by cyclical earnings recovery and share buybacks.
Procter & Gamble (PG): More modest ~5% annual dividend growth, reflecting its mature, stable business.
Altria Group (MO): Despite the highest yield at 6.37%, dividend growth has slowed to ~4% annually as the tobacco industry faces secular headwinds.
As a general rule, lower-yielding aristocrats tend to grow dividends faster, while higher-yielding aristocrats provide more current income but slower growth. An aristocrat yielding 1% with 12% annual dividend growth will surpass the income of a 4%-yielder growing at 3% within roughly 12 years. This makes growth-oriented aristocrats attractive for younger investors with longer time horizons.
Complete Dividend Aristocrats List (2026)
All 67 aristocrats \u2014 sortable by any column. Click headers to sort, or use the quick-sort buttons below.
67 companies
Ticker
Company
Sector
Years
Yield %
P/E
Fwd P/E
Mkt Cap ($B)
Price ($)
Beta
Frequently Asked Questions
What is a Dividend Aristocrat?
A Dividend Aristocrat is a company in the S&P 500 index that has increased its dividend payout every year for at least 25 consecutive years. As of March 2026, there are 67 Dividend Aristocrats. These companies have demonstrated consistent profitability and commitment to returning capital to shareholders through decades of market cycles, recessions, and economic uncertainty. The list is maintained by S&P Dow Jones Indices and reviewed annually.
Which Dividend Aristocrat has the highest yield?
As of March 2026, Altria Group (MO) has the highest dividend yield among Dividend Aristocrats at 6.37%, followed by T. Rowe Price (TROW) at 5.75% and Franklin Resources (BEN) at 5.03%. Other high-yield aristocrats include Kimberly-Clark (KMB) at 4.90% and Hormel Foods (HRL) at 4.79%. However, high yield alone isn't always the best indicator — investors should also consider payout ratio sustainability, earnings growth, and the company's competitive position. An unusually high yield can sometimes signal that the market expects a dividend cut.
Are Dividend Aristocrats good investments?
Dividend Aristocrats have historically outperformed the broader S&P 500 with lower volatility. Their 25+ year track record of dividend increases demonstrates financial discipline and durable competitive advantages. They provide a growing income stream that can help offset inflation. However, past performance doesn't guarantee future results, and some aristocrats trade at premium valuations. The average P/E ratio for aristocrats is higher than the S&P 500 average, reflecting the market's willingness to pay a premium for dividend reliability. The ProShares S&P 500 Dividend Aristocrats ETF (NOBL) offers diversified exposure to the full group.
How many Dividend Aristocrats are there?
As of March 2026, there are 67 Dividend Aristocrats in the S&P 500. The list is reviewed annually by S&P Dow Jones Indices. Companies can be added when they reach 25 consecutive years of dividend increases, and removed if they cut or freeze their dividend, or if they exit the S&P 500 index. Industrials (16 companies) and Consumer Staples (15 companies) are the most represented sectors. Dover Corporation holds the longest streak at 71 consecutive years of increases. The number of aristocrats has grown over time as more companies reach the 25-year threshold.
What is the average yield of Dividend Aristocrats?
The average dividend yield across all 67 Dividend Aristocrats is 2.42% as of March 2026. This is nearly double the S&P 500's overall yield of approximately 1.3%. Yields range from 0.36% (West Pharmaceutical Services) to 6.37% (Altria Group). The highest-yielding sectors among aristocrats are Consumer Staples and Utilities, while Information Technology and Industrials aristocrats tend to have lower yields but often compensate with higher dividend growth rates. When combined with consistent annual increases, even a modest starting yield can compound significantly over time.
Is Apple (AAPL) a Dividend Aristocrat?
No. Apple (AAPL) is not a Dividend Aristocrat. While Apple does pay a dividend (current yield ~0.5%), it only resumed paying dividends in 2012 after a 17-year hiatus. To qualify as a Dividend Aristocrat, a company must be in the S&P 500 and have raised its dividend for at least 25 consecutive years. Apple has been increasing its dividend annually since 2012, so it would need to continue until at least 2037 to qualify.
Is Microsoft (MSFT) a Dividend Aristocrat?
No. Microsoft (MSFT) is not currently a Dividend Aristocrat. Microsoft has been increasing its dividend since 2004 \u2014 about 22 consecutive years \u2014 but falls short of the 25-year requirement. At its current pace, Microsoft could join the Dividend Aristocrats list around 2029. The company has a strong track record of double-digit dividend growth and a conservative payout ratio, making it a likely future addition.
What is the difference between Dividend Aristocrats and Dividend Kings?
Dividend Aristocrats are S&P 500 companies with 25+ consecutive years of dividend increases. Dividend Kings have an even higher bar: 50+ consecutive years of increases, and they do not need to be in the S&P 500. As of 2026, there are 67 Dividend Aristocrats and approximately 54 Dividend Kings. Many companies qualify for both lists (e.g., Procter & Gamble, Coca-Cola, Johnson & Johnson), but some Dividend Kings are mid-cap or small-cap companies not included in the S&P 500, so they aren't aristocrats despite their longer streaks.
Which Dividend Aristocrat has the longest dividend growth streak?
Dover Corporation (DOV) holds the longest active dividend growth streak among Dividend Aristocrats at 71 consecutive years of increases, dating back to 1955. Close behind are Genuine Parts Company (GPC), Procter & Gamble (PG), and Parker-Hannifin (PH) \u2014 each with 70 consecutive years. These companies have maintained their streaks through multiple recessions, financial crises, and market cycles, demonstrating exceptional financial discipline.
What is the best ETF for Dividend Aristocrats?
The most popular ETF tracking Dividend Aristocrats is the ProShares S&P 500 Dividend Aristocrats ETF (NOBL), which holds all 67 aristocrats in an equal-weighted portfolio. It has an expense ratio of 0.35%. For a broader approach, the SPDR S&P Dividend ETF (SDY) tracks the S&P High Yield Dividend Aristocrats Index, which includes companies with 20+ years of increases (a lower threshold than the standard 25 years). SDY has an expense ratio of 0.35% and includes more holdings for greater diversification.
Can a company be removed from the Dividend Aristocrats list?
Yes. A company is removed from the Dividend Aristocrats list if it cuts, suspends, or freezes its dividend, or if it is removed from the S&P 500 index. The list is reviewed annually by S&P Dow Jones Indices, typically in January. Notable past removals include AT&T (cut dividend in 2022 after the Warner Bros. Discovery spinoff) and Leggett & Platt (cut dividend in 2024). Companies can also be removed due to mergers, acquisitions, or index rebalancing that takes them out of the S&P 500.
Methodology & Data Sources
This page lists all 67 S&P 500 Dividend Aristocrats as of March 2026 \u2014 companies that have increased their annual dividend for at least 25 consecutive years. The Dividend Aristocrats index is maintained by S&P Dow Jones Indices and reconstituted annually.
Inclusion criteria: A company must (1) be a member of the S&P 500, (2) have increased its total dividend per share every year for at least 25 consecutive years, and (3) meet minimum float-adjusted market cap and liquidity requirements set by S&P Dow Jones Indices.
Data sources: The complete aristocrat list, dividend yield data, and consecutive increase years were sourced from stockanalysis.com. Financial metrics including P/E ratio, forward P/E, market capitalization, and beta were individually retrieved from stockanalysis.com stock overview pages. Sector classifications follow the Global Industry Classification Standard (GICS).
Limitations: Payout ratios, 5-year and 10-year dividend growth rates, and total return data were not available from our sources at crawl time and are marked as null. Stock prices and yields reflect market close data as of the crawl date and will fluctuate. This study captures a point-in-time snapshot.
Data integrity: We use null values rather than estimates for any metric we could not verify from source data. All 67 companies had ticker, yield, years increasing, and price confirmed. 66 of 67 had P/E and market cap data successfully retrieved (Brown-Forman BF.B data supplemented from secondary sources due to ticker format).
Update schedule: This page is updated when the official Dividend Aristocrats list changes (typically January each year) and when we refresh market data. Last data update: March 2026.
Cite this research
Westmount Research. "All 67 Dividend Aristocrats List (2026)." westmountfundamentals.com, 16 Mar. 2026, https://westmountfundamentals.com/dividend-aristocrats.
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