Dividend Aristocrats
Last updated July 2026
Short answer
The Dividend Aristocrats are S&P 500 companies that have raised their dividend for at least 25 consecutive years (the 50-plus-year club are called Dividend Kings). The list runs to roughly 65 to 70 names and leans heavily on consumer staples and industrials. Widely held examples across sectors include staples payers (PG, KO, CL, KMB, SYY), healthcare (JNJ, ABBV, MDT), industrials (MMM, CAT, GD, ITW, DOV), retail and consumer (MCD, LOW, WMT), and energy (XOM, CVX). The streak is descriptive history, not a forecast, and any dividend can be cut, so weigh yield against payout sustainability and build a diversified basket rather than buy one name. Walnut, an AI investing app, can compare these names against your existing holdings. This page is informational and is not investment advice.
The Dividend Aristocrats label is one of the most recognized shorthands in income investing, and also one of the most misread. A 25-year raise streak describes how a company has behaved, not how it will behave, and no streak immunizes a dividend against a cut. So this guide does something more useful than rank them. It explains exactly what the label means, groups the widely held aristocrats by sector so you can see where the long records cluster, links each name to a fuller page, and shows how to turn a list like this into a portfolio instead of a single bet. Nothing here is a recommendation to buy or sell, and Walnut is not an investment adviser.
What exactly is a Dividend Aristocrat?
The label has a precise definition, and understanding it is what keeps the list from being read as a buy ranking. Four things are worth holding in mind before you read the names below.
- 25 straight years of raises, inside the S&P 500. To be a Dividend Aristocrat a company must be an S&P 500 member and have increased its dividend for at least 25 consecutive years. Miss a raise, or leave the index, and it drops off the list.
- Dividend Kings are the 50-year club. A Dividend King has raised its dividend for at least 50 years, with no index requirement. Every King in the S&P 500 is also an Aristocrat, so the two groups overlap heavily among the oldest names.
- The list is reconstituted every year. There are usually about 65 to 70 aristocrats, and the roster changes as companies qualify, cut, or leave the index. It is not a fixed set.
- The streak is history, not a promise. A long record is evidence of past discipline through recessions and rate cycles. It does not guarantee the next raise, and aristocrats have lost the title before.
Read the names below through that lens. The point of the list is to describe businesses with durable payout histories, not to tell you which one to buy.
Which Dividend Aristocrats are widely held going into 2026?
Below are eighteen aristocrats among the most widely held and discussed for 2026, grouped by sector so you can see where the long records concentrate. For each, the note explains what the business is and why it is commonly held, not whether you should own it. Every name links to its own page with the deeper detail, and yields are approximate and move daily, so verify the current figure before acting.
Consumer-staples aristocrats
Consumer staples sell things people buy in any economy, which is why more of the longest raise streaks sit here than in any other sector. Several of these are Dividend Kings (50-plus years of increases). They are widely held as the income ballast of a portfolio: modest yields, very long records, and demand that holds up in downturns.
- Procter & Gamble (PG), approx yield ~2.5%. Procter & Gamble owns category-leading household and personal-care brands with pricing power, and has raised its dividend for more than 65 straight years as a Dividend King. It is commonly held for a steadily rising, well-covered payout rather than for rapid capital appreciation.
- Coca-Cola (KO), approx yield ~2.9%. Coca-Cola is the world's largest beverage company and a Dividend King that extended its raise streak past 60 years. It is widely held as a classic defensive income name whose global brand and distribution fund a durable, slowly growing dividend.
- Colgate-Palmolive (CL), approx yield ~2.2%. Colgate-Palmolive sells oral care, home, and pet-nutrition products worldwide and has raised its dividend for more than 60 years as a Dividend King. It is commonly held as a defensive staple whose recurring, low-ticket purchases support a long, steady raise record.
- Kimberly-Clark (KMB), approx yield ~3.6%. Kimberly-Clark makes tissue and personal-care staples such as Huggies and Kleenex and is a Dividend King with more than 50 years of increases. It is widely held for a higher staples yield, with input-cost swings and slow top-line growth as the trade-offs.
- Sysco (SYY), approx yield ~2.6%. Sysco is the largest US foodservice distributor and a Dividend Aristocrat with more than 50 years of increases. It is commonly held as a defensive dividend grower tied to restaurant and institutional food demand, with volume cyclicality as the main risk to watch.
Healthcare aristocrats
Healthcare combines defensive demand with cash-generative businesses, so several large names have raised the payout for decades. They pair mid-single-digit yields with long records, though they carry patent-cliff, pipeline, and policy risk that pure staples do not.
- Johnson & Johnson (JNJ), approx yield ~3.0%. Johnson & Johnson is a diversified pharma and medical-device giant and a Dividend King with more than 60 years of increases. It is widely held as a defensive healthcare anchor whose AAA-rated balance sheet underpins one of the most reliable dividends in the market.
- AbbVie (ABBV), approx yield ~3.3%. AbbVie is a large-cap drugmaker behind Humira's successors Skyrizi and Rinvoq. Counting its history through the 2013 Abbott spinoff, it carries an aristocrat-length raise record. It is commonly held for a higher yield than most pharma peers, with pipeline execution as the main risk.
- Medtronic (MDT), approx yield ~3.1%. Medtronic is one of the largest medical-device makers and a Dividend Aristocrat with more than 45 years of increases. It is widely held as a defensive healthcare grower whose broad device portfolio funds a steady, rising payout, with device-cycle and currency swings as the variables.
Industrial aristocrats
Industrials are the deepest bench of Dividend Aristocrats after staples, because diversified manufacturers throw off cash across cycles and have long treated the dividend as a commitment. Yields here are moderate; the draw is a decades-long raise record backed by broad end-markets, offset by more cyclicality than staples.
- 3M (MMM), approx yield ~2.0%. 3M is a diversified industrial with a raise streak stretching back more than 60 years, though litigation and a recent dividend reset after its Solventum spinoff make it a case study in why streaks are history, not a guarantee. It is widely held and widely debated for exactly that reason.
- Caterpillar (CAT), approx yield ~1.5%. Caterpillar is the world's largest construction and mining equipment maker and a Dividend Aristocrat with more than 30 years of increases. It is commonly held as a cyclical dividend grower leveraged to global infrastructure and construction, with the payout's pace tied to those cycles.
- General Dynamics (GD), approx yield ~2.0%. General Dynamics is a major defense and aerospace contractor and a Dividend Aristocrat with more than 30 years of increases. It is widely held as a dividend grower backed by long-dated government contracts and a substantial order backlog, with defense-budget cycles as the swing factor.
- Illinois Tool Works (ITW), approx yield ~2.3%. Illinois Tool Works is a diversified industrial known for high margins and a decentralized operating model, and it is a Dividend Aristocrat with more than 50 years of increases. It is commonly held as a quality industrial compounder whose steady cash flow funds consistent raises.
- Dover (DOV), approx yield ~1.1%. Dover is a diversified industrial manufacturer and a Dividend King with more than 65 years of consecutive increases, one of the longest streaks anywhere. It is widely held as a low-yield industrial dividend grower, with the total raise record rather than the current yield as the appeal.
Retail and consumer aristocrats
A handful of dominant consumer-facing businesses have compounded earnings for decades and raised the payout alongside them. The yields here are moderate, but the long-run dividend growth is what makes them widely held as aristocrats.
- McDonald's (MCD), approx yield ~2.4%. McDonald's runs a franchise-and-real-estate model that throws off steady cash and has raised its dividend for over 45 consecutive years as a Dividend Aristocrat. It is commonly held as a defensive consumer dividend grower whose asset-light economics support consistent increases.
- Lowe's (LOW), approx yield ~1.9%. Lowe's is the second-largest US home-improvement retailer and a Dividend King with more than 50 years of increases. It is widely held as a dividend grower leveraged to housing and renovation spending, which makes the payout's pace more cyclical than a staple's.
- Walmart (WMT), approx yield ~1.0%. Walmart is the largest US retailer and a Dividend Aristocrat with more than 50 years of increases. It is commonly held as a low-yield dividend grower whose scale and defensive grocery mix support steady raises, with total return rather than current income as the draw.
Energy aristocrats
Only a couple of energy majors have kept the streak alive through the sector's price swings, which is exactly why income investors watch them. They offer some of the higher yields among aristocrats, with the trade-off that earnings and the payout's headroom move with the oil price.
- Exxon Mobil (XOM), approx yield ~3.5%. Exxon Mobil is the largest US integrated oil major and a Dividend Aristocrat with more than 40 years of increases. It is widely held for an above-market yield backed by scale and a low-cost asset base, with the dividend's path tied to commodity cycles.
- Chevron (CVX), approx yield ~4.5%. Chevron is a second US integrated major and a Dividend Aristocrat known for a strong balance sheet that has protected its payout through downturns. It is commonly held for a high energy-sector yield, with oil-price sensitivity as the central risk.
At a glance
The same names with their sector and approximate yield, so you can scan the spread across sectors and income levels rather than read it as a ranking. Yields are approximate and change daily; verify current figures before acting.
| Ticker | Sector | Approx yield |
|---|---|---|
| PG | Consumer staples | ~2.5% |
| KO | Consumer staples | ~2.9% |
| CL | Consumer staples | ~2.2% |
| KMB | Consumer staples | ~3.6% |
| SYY | Consumer staples | ~2.6% |
| JNJ | Healthcare | ~3.0% |
| ABBV | Healthcare | ~3.3% |
| MDT | Healthcare | ~3.1% |
| MMM | Industrials | ~2.0% |
| CAT | Industrials | ~1.5% |
| GD | Industrials | ~2.0% |
| ITW | Industrials | ~2.3% |
| DOV | Industrials | ~1.1% |
| MCD | Consumer discretionary | ~2.4% |
| LOW | Consumer discretionary | ~1.9% |
| WMT | Consumer staples | ~1.0% |
| XOM | Energy | ~3.5% |
| CVX | Energy | ~4.5% |
How do you build a basket of aristocrats instead of buying one?
A list of Dividend Aristocrats is an input, not a portfolio. The difference is structure: which sectors you want, how much weight each name gets, and the discipline to keep one position or one sector from carrying all your income. The repeatable way to do it looks like this.
- Decide steady income versus income growth. A retiree drawing income leans toward the higher-yield aristocrats; someone decades from needing the cash may favor faster dividend growers with lower starting yields. Many blend the two.
- Spread across sectors. Because aristocrats cluster in staples and industrials, an unweighted list can end up lopsided. Mixing staples, healthcare, industrials, retail, and energy means one industry's trouble does not gut the whole payout.
- Check sustainability, not just the streak. Favor payouts the business can clearly cover today, reading the payout ratio, cash flow, and debt, and remember that a long streak is history, not a guarantee.
- Set target weights. Assign each name a percentage that sums to 100, so concentration is a choice you made rather than an accident of which stock ran up.
- Compare against the S&P 500 and review. See how the mix would have tracked the benchmark, then revisit periodically as weights drift and as companies raise, freeze, or cut their dividends.
This is exactly what Walnut is built for. You create a thematic basket from the aristocrats you choose, set a target weight for each, see how the basket would track against the S&P 500, and place trades you approve yourself at your own broker. If you would rather not pick individual names, a Dividend Aristocrats ETF packages many of them into one holding. Walnut does not tell you which stocks to buy.
How we chose what to feature
To be clear about method, since framing matters on a page like this: this is not a prediction and not a ranking. We did not forecast which dividends will grow fastest, score them, or order them by expected return, because no one can do that reliably. We featured names on three descriptive criteria instead.
- Confirmed aristocrat or king history. Each name has a long, established record of consecutive dividend increases, so the descriptions rest on durable payout history rather than a single high-yield quarter.
- Widely held. Each is a large, broadly owned company that appears across income funds and mainstream portfolios, so the page reflects what people actually hold.
- Sector-representative. We spread the list across staples, healthcare, industrials, retail, and energy so it shows where the long records cluster and teaches how a diversified income basket is built, not which single stock to chase.
The result is a map of the aristocrats that tend to anchor income portfolios in 2026 and how to weigh a raise streak against current sustainability, not a buy list. Treat every name as a starting point for your own research. Yields and company facts change; verify current details before you act.
The bottom line on the Dividend Aristocrats
The Dividend Aristocrats are S&P 500 companies that have raised their dividend for at least 25 straight years, and the 50-year Dividend Kings are the oldest branch of the same family. The label is genuinely useful as a filter for businesses that have defended a rising payout through many cycles, but it is descriptive history, not a forecast, and any dividend can be cut. What tends to anchor income portfolios is a spread of aristocrats across sectors: staples like Procter & Gamble, Coca-Cola, and Colgate-Palmolive; healthcare like Johnson & Johnson and Medtronic; industrials like Illinois Tool Works, Dover, and Caterpillar; retail like McDonald's and Lowe's; and energy like Exxon Mobil and Chevron. The useful move is to weigh the streak against current payout sustainability, diversify across sectors, and set target weights rather than buy a single name. Walnut helps you turn that into a thematic basket you control. It is informational and is not an investment adviser, and nothing here is a recommendation.
Get a recommendation for your situation
Walnut lets you build a thematic basket from the Dividend Aristocrats you choose, set target weights, see how the mix would track against the S&P 500, and place trades you approve at your own broker. Connect your brokerage and talk it through with Claude, ChatGPT, or the built-in AI. Read-only by default until you approve a trade; Walnut is informational and is not an investment adviser and does not tell you what to buy.
FAQ
What are the Dividend Aristocrats?
Dividend Aristocrats are S&P 500 companies that have raised their dividend for at least 25 consecutive years. The streak signals a business durable enough to keep increasing the payout through recessions and rate cycles. There are roughly 65 to 70 of them at any time, and the list is reconstituted annually, so a company can be added or removed. This page groups widely held aristocrats by sector rather than ranking them. Walnut is not an investment adviser.
What is the difference between a Dividend Aristocrat and a Dividend King?
The two labels track the same idea at different lengths. A Dividend Aristocrat has raised its dividend for at least 25 straight years and must be in the S&P 500; a Dividend King has raised it for at least 50 years, with no index requirement. Every King that is also in the S&P 500 is an Aristocrat too. On this page, names like Procter & Gamble, Coca-Cola, Colgate-Palmolive, Dover, and Lowe's are Kings, while Caterpillar and Medtronic are Aristocrats.
Does a 25-year raise streak guarantee the dividend will keep growing?
No, and this is the key caveat. A long raise streak is descriptive history: it tells you how a company has behaved, not how it will behave. Any dividend can be cut, and aristocrats have lost the title before when business conditions forced a freeze or reduction. 3M's recent dividend reset after a spinoff is a reminder that even a 60-year record is not a promise. Treat the streak as evidence of past discipline, not a forecast. This is descriptive, not advice.
Are Dividend Aristocrats a good investment?
That depends on your goals, time horizon, and tolerance for risk, and no one can predict returns. Aristocrats tend to be mature, profitable, dividend-paying businesses, so historically the group has shown lower volatility than the broad market, though it has lagged in recent tech-led years and can trail in strong growth rallies. They are widely held for reliable, rising income rather than for rapid appreciation. This is factual context, not a recommendation.
How many Dividend Aristocrats are there?
The S&P 500 Dividend Aristocrats index typically holds roughly 65 to 70 companies, and the exact count changes each year as names are added for reaching 25 years or removed for cutting or freezing the dividend or leaving the S&P 500. Consumer staples and industrials make up the largest share, while sectors like technology have very few because most tech companies are younger or reinvest instead of paying rising dividends.
Why are there so few technology Dividend Aristocrats?
Reaching aristocrat status requires 25 straight years of dividend increases, and most large technology companies either did not pay a dividend for much of that window or chose to reinvest cash and buy back stock instead. Many started dividends only in the last 10 to 15 years. That is why the aristocrat list skews toward staples, industrials, and healthcare, and why low-yield tech dividend growers usually appear on a separate dividend-growth list rather than here.
How do I build a portfolio of Dividend Aristocrats instead of buying one?
Decide what you want (steady income, income growth, or a blend), choose aristocrats across different sectors so one industry's trouble does not cut all your income, set a target weight for each so no single position dominates, and place the trades at your broker. Walnut does this as a thematic basket: you pick the names, set targets, see how the mix would track against the S&P 500, and approve any trades yourself. A Dividend Aristocrats ETF is the hands-off alternative to picking individual names.
For the broader income picture, see the best dividend stocks overview or focus on faster growers with best dividend growth stocks. If you are just starting, see the best dividend stocks for beginners or the step-by-step guide to how to invest in dividends. To compare hands-off options, browse best dividend ETFs or explore the dividend growth theme.
Walnut is informational and is not a registered investment adviser. This page describes Dividend Aristocrats that are widely held and commonly discussed, grouped by sector; it is not a prediction, a ranking, or a recommendation to buy, sell, or hold any security. The 25-year raise streak that defines an aristocrat is descriptive history, not a forecast, and any dividend can be reduced or eliminated. Dividend yields shown are approximate and change daily. Investing involves risk, including the possible loss of principal, and past performance does not indicate future results. Company facts, yields, and payout records change; verify current details before making any decision. Do your own research or consult a licensed financial professional.