Searching for dependable investment payouts? Consider the distinguished ranks of dividend aristocrats.
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Who exactly are Dividend Aristocrats?
Dividend aristocrats are select S&P 500 companies that have increased their dividends without fail each year for at least 25 years. These are not just regular dividend payers—they’re iconic brands recognized for rock-solid reliability.
Curiously, certain fresh spin-offs also make the cut. Why? Experts typically allow these new entities to “borrow” the legacy of their parent companies’ lengthy dividend streaks, granting them instant aristocrat status right out of the gate.
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 40%, meaning that each company distributes at minimum 40% 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.
Emerson Electric Company (EMR) — This Missouri-based corporation specializes in electrical equipment, industrial automation, and process control systems. It manufactures devices such as valves, gauges, sensors, and robotics, among others.
The company’s dividend payout ratio currently stands at 100.33%. Emerson Electric paid 56 cents per share in its last dividend issuance with a dividend yield of 1.66%. EMR stock currently enjoys a Moderate Buy consensus from 13 Wall Street analysts, with an average price target of $146.50 that offers nearly 11% upside.
Pentair PLC (PNR) — Pentair is a water solutions company that serves customers across various industries, including residential, commercial, industrial, and agricultural markets. Its long list of products includes devices such as pumps, filtration devices, pool equipment, and valves.
The Minnesota-based company’s dividend payout ratio is currently 41.49%. Pentair paid 25 cents per share in its last dividend issuance, with a dividend yield of 0.96%. PNR stock presently holds a Strong Buy consensus rating from 14 Wall Street analysts, with an average price target of $125.36, implying almost 18% upside potential.
Procter & Gamble (PG) — This is an Ohio-based consumer goods giant popular for brands such as baby care product Pampers, laundry detergent Tide, and shaving tool Gillette, among others.
The company’s dividend payout ratio is currently 121.97%. Procter & Gamble paid 92 cents per share in its last dividend issuance, with a dividend yield of 2.84%. PG stock currently has a Moderate Buy consensus rating from 18 Wall Street analysts, with an average price target of $169.44, indicating over 14% 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.