S&P High Yield Dividend Aristocrats

Beyond just the S&P 500 Dividend Aristocrats, there are other of dividend growth stocks that can be great investments.  Here are some of these other stocks:

S&P High Yield Dividend Aristocrats

In addition to the Dividend Aristocrats index, Standard and Poor’s also has what they call the High Yield Dividend Aristocrats.  These are stocks that, like the Dividend Aristocrats, have a long-term record of dividend growth.  The High Yield Dividend Aristocrats come from a wider field of companies and therefore, tend to be smaller than the Dividend Aristocrats.  (Ironically enough, they don’t necessarily have higher yields than the Dividend Aristocrats.)  A company must meet these criteria to qualify as a High Yield Dividend Aristocrat:

(1) It must be a member of the S&P Composite 1500,

(2) It must have increased its regular quarterly dividends for 20 consecutive years (Note: special dividend payments are not included),

(3) It must have a market capitalization of at least $2 billion (the market capitalization is defined as the number of outstanding shares multiplied by the share price), and

(4) It must have an average daily value traded of at least $5 million over the last 3 months (the daily value traded is defined by the number of shares traded on a given day multiplied by the average share price).

There are currently 93 companies that qualify as High Yield Dividend Aristocrats.  This includes the S&P 500 Dividend Aristocrats, leaving an additional 42 companies that have a record of dividend growth over at least 2 decades and, in some cases, for much longer.  These 42 companies are (links go to my summaries of the companies):

A. O. Smith Corporation

Albemarle Corporation

Aqua America Inc.

Atmos Energy Corporation

AptarGroup Inc.

Bemis Company, Inc.

Black Hills Corporation

Brown & Brown Inc.

Caterpillar Inc.

CDK Global

Chubb Limited (This company is the result of the acquisition of The Chubb Corporation by ACE Limited.)

Commerce Bancshares

Cullen/Frost Bankers (Texas)

CLARCOR Inc.

Carlisle Corporation

Eaton Vance Corporation

Essex Property Trust

Expeditors International of Washington, Inc.

Federal Realty Investment Trust

H. B. Fuller Corporation

John Wiley & Sons Inc.

Linear Technology Corporation (Linear Technology is in the process of being acquired by Analog Devices.)

MDU Resources Group Inc.

Mercury General Corporation

Nordson Corporation

National Fuel Gas

National Retail Properties Inc.

Old Republic International Corporation

People’s United Financial Inc.

Praxair Inc. (Praxair has announced plans to merge with German chemical company Linde and to take the Linde name.  It is not clear what the new company’s dividend policy will be.)

Roper Industries Inc.

Realty Income

Ross Stores

RPM International Inc.

SEI Investments Corporation

Sonoco Products Company

Tanger Factory Outlet Centers

Telephone & Data Systems Inc.

United Bankshares, Inc.

UGI Corporation

United Technologies Corporation

Valspar Corporation (Valspar is in the process of being acquired by Sherwin-Williams.  The acquisition is expected to close in the 1st quarter of 2017.)

Vectren Corporation

WGL Holdings Inc.

West Pharmaceutical Services Inc.

If you have any questions, please leave a comment or feel free to contact me!  You can also look at this group of companies in the finviz.com screener.