List Of Dividend Aristocrats In 2016 by Ben Reynolds

The Dividend Aristocrats Index is comprised of 51 stocks that have paid dividends for 25+ consecutive years.

Click Here to Download Your Dividend Aristocrats List

In addition to requiring 25+ years of consecutive dividend increases, Dividend Aristocrats must also:

  1. Be members of the S&P 500 Index
  2. Meet certain size and liquidity requirements.

What’s the big deal about being a Dividend Aristocrat?

The Dividend Aristocrats Index has outperformed the market by a wide margin over the last decade.

Dividend Aristocrats

Source:  S&P Dividend Aristocrats Fact Sheet

List of All 51 Dividend Aristocrats

The spreadsheet  below lists all 51 Dividend Aristocrats as of January 2016.

The list can be sorted by:

  • Dividend Yield
  • Standard Deviation
  • Growth Rate
  • Payout Ratio
  • And more…

Click Here to Download Your Dividend Aristocrats List

Explanation of Financial Metrics

The four financial metrics included in the spreadsheets are the same metrics used for the buy rules in The 8 Rules of Dividend Investing.

A brief explanation of each metric is below.

Dividend Yield

Dividend yield is calculated as 4 x most recent dividend / current price.  This is the standard calculation for dividend yield and shows what percentage of dividend income you can expect on your investment in the first year (assuming no dividend increases or reductions).

Standard Deviation

Standard deviation in the spreadsheet above is calculated over a stock’s 10 year price history (when available).  Long-term price histories are used to reduce the effects of unusually high or low volatility in the recent past.

Stocks with low price standard deviations have historically outperformed the market.  Better price returns have come with lower ‘risk’ as defined by academics due to lower stock price standard deviation.

I don’t believe standard deviation to be a true measure of risk, but it is a good proxy for measuring real risk.  It has worked to improve returns historically.  The historical record should not be ignored.

Growth Rate

The growth rates used in this article are either Sure Dividend’s own forecasts for future expected growth rates, or 10 year historical earnings-per-share growth rates.

Payout Ratio

The payout ratio is calculated as last dividend payment x 4 / trailing-twelve-month earnings per share.  Adjusted earnings per share are used when applicable instead of GAAP earnings per share to minimize the effects of short-term or one-time events on the payout ratio.

Total Return

Total return is a calculated as a stock’s dividend yield plus its expected growth rate.  The higher the total return, the better.  Click here to learn more about total returns.

P/E Ratio

The P/E Ratio (price-to-earnings ratio) is used to determine the relative value of an investment.  It is calculated as current share price divided by 12 month earnings-per-share.  The lower the P/E ratio, the better.

Modified PEG

PEG stands for price-to-earnings-to-growth.  The PEG ratio is calculated as P/E Ratio divided by (Growth Rate x 100).  It shows the relative value of a company in relation to its growth rate.  The modified PEG ratio uses total return instead of growth rate; it takes into account the effects of dividends.  The modified PEG ratio is calculated as P/E Ratio divided by (Total Return x 100).  The lower the PEG, the better.  Click here to learn more about the Modified PEG Ratio.

The Dividend Aristocrats Series

The Dividend Aristocrats list Excel spreadsheet download in this article is a quick-and-easy way to generate investment ideas for dividend growth investors.

The Dividend Aristocrats Index is comprised of high quality businesses with long histories of rewarding shareholders with rising dividends.

Sure Dividend analyzes all 51 Dividend Aristocrats in detail once a year.

Click here to see all Dividend Aristocrats analyzed, starting in 2014.

New analysis (which started in October 2015) is underway.  You can see the new articles listed below: