If you value steady dividend payouts, you’ll want to focus on dividend aristocrats.
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So, What Exactly Are Dividend Aristocrats?
These are S&P 500 companies distinguished by their track record of increasing dividends for at least 25 years in a row. They represent some of the biggest names in American business.
Additionally, some recent corporate spinoffs earn aristocrat status too—analysts typically grant them credit for the long-standing dividend record of their parent company.
Which Dividend Aristocrat Stocks Are the Best to Buy?
According to Wall Street analysts, the three stocks listed below are worth buying. Each stock has a dividend payout ratio of at least 30%, meaning that each company distributes at minimum 30% of its net earnings to shareholders as dividends.
Furthermore, each company currently has a Buy rating based on consensus from top analysts or broader Wall Street agreement, with at least 10% upside potential.
Be sure to click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio. Here are today’s top dividend aristocrat stock picks from TipRanks.
Nucor Corporation (NUE) — Nucor is a North Carolina-based steel producer that ranks as the largest in the U.S. The company operates across North America, producing a variety of steel products such as sheets, reinforcing bars, and joists, as well as raw materials such as scrap metal.
Nucor’s dividend payout ratio currently stands at 60.94%. The company paid $0.55 per share in its last dividend issuance with a dividend yield of 1.48%. NUE stock currently enjoys a Strong Buy consensus from nine Wall Street analysts, with an average price target of $167.75 that offers nearly 12% upside.
Dover Corporation (DOV) — Dover is an American industrial company that makes equipment, components, and software for clients across a variety of industries such as energy, food retail, packaging, and manufacturing.
The Illinois-based company’s dividend payout ratio is currently 44.36%. Dover paid 52 cents per share in its last dividend issuance, with a dividend yield of 1.12%. DOV stock presently holds a Moderate Buy consensus rating from 11 Wall Street analysts, with an average price target of $211.70, implying over 15% upside potential.
Roper Technologies, Inc. (ROP) — Roper is a Florida-based holding company that owns and operates businesses that make special software and tools, such as sensors, pumps, and measuring devices used in healthcare, shipping, scientific research, and factories.
The company’s dividend payout ratio is currently 33.67%. Roper paid 91 cents per share in its last dividend issuance, with a dividend yield of 0.72%. ROP stock currently has a Moderate Buy consensus rating from 13 Wall Street analysts, with an average price target of $577.75, indicating about 29% upside potential.
Interested in More Dividend Aristocrat Stocks?
To find more stocks like these, take a look at TipRanks’ Dividend Aristocrats tool.
The page provides an exhaustive list of all dividend aristocrats, including their most recent dividend yields, previous dividend amounts, payout ratios, and other details.