The article uses TipRanks’ Dividend Aristocrat tool to identify Coca-Cola (KO), Amcor (AMCR), and Chevron (CVX) as three dividend aristocrat stocks that offer yields ranging from roughly 3% to more than 6% and have at least a Buy rating on Wall Street.
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Dividend aristocrats are members of the S&P 500 that have raised their dividends every year for at least 25 consecutive years. For income-oriented investors, that long-term track record is attractive because it supports a steady stream of cash payouts while still offering participation in the market’s growth.
Why These 3 Dividend Aristocrats Are Top Picks
According to Wall Street analysts, the three stocks listed below are worth buying. The smallest payout ratio among the trio is 68.03%, meaning that the company recently distributed more than half of its full 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 significant 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.
- Coca-Cola (KO) — Coca-Cola is a global non-alcoholic beverage giant known for products such as sparkling soft drinks, water, coffee, and tea. The Georgia-based U.S. company currently has a dividend payout ratio of 202.96%. KO paid 45 cents per share in its last dividend issuance, with a dividend yield of 2.63%. Its shares currently boast a Strong Buy consensus rating from 16 analysts. This comes with an average price target of $87.27 that suggests more than 11% upside.
- Amcor (AMCR) — Amcor is a Switzerland-based company involved in the packaging and container production business. It has a lineup focused on flexible and film packaging products for a range of industries, including food and beverage as well as medical and pharmaceutical. The Zurich-based company currently has a dividend payout ratio of 68.03%. Amcor paid 65 cents per share in its last dividend issuance, with a dividend yield of 6.45%. Its shares carry a Strong Buy consensus rating from the top three Wall Street analysts that cover it. This comes with an average price target of $49.33 that implies about a 23% upside in the months ahead.
- Chevron (CVX) — Chevron is an American oil supermajor and one of the world’s biggest energy companies. It engages in the exploration, development, production, and transportation of crude oil and natural gas. The Texas-based company currently has a dividend payout ratio of 105.50%. Chevron paid $1.78 per share in its last dividend issuance, with a dividend yield of 3.79%. Its shares currently boast a Strong Buy consensus rating from 22 Wall Street analysts. This is based on an average price target of $216.90 that indicates roughly 19% upside.
More on Dividend Aristocrats
Some observers also treat recent spin-offs as dividend aristocrats if their parent companies meet the required track record, effectively granting the offshoot the parent’s dividend history.
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.