4- and 5-Star rated “Dividend Aristocrat” stocks for 2024 by CFRA

The CFRA’s Dividend Aristocrats is an annual list of stocks from the S&P 500 (SP500) universe that have at least 25 years of consecutive dividend increases. These stocks have four-star and five-star ratings from CFRA analysts.

Analyst Raymond Jarvis wrote that from January 1926 through December 2023, the annualized total return for the S&P 500 was 10.37% per year, with a dividend component that comprises about 38.08% of the return.

Howard Silverblatt, senior index analyst for S&P Dow Jones Indices, said that “for 2024 dividends, the initial projection is positive, but minimal, due to the uncertainty of the economy, the timing of interest rates cuts, and the changing patterns of dividends.”

He also noted that for the entirety of 2023, the U.S. common dividend increases were $65.1B, which was down 21.1% from 2022.

These are the 4- and 5-star rated Dividend Aristocrats for 2024:

• Abbott Laboratories (ABT) - 51 years of dividend increases; 2% yield.
• AbbVie Inc. (ABBV) - 51 years of dividend increases; 3.8% yield.
• Air Products & Chemicals (APD) - 41 years of dividend increases; 2.7% yield.
• Albemarle Corp. (ALB) - 29 years of dividend increases; 1.3% yield.
• C.H. Robinson Worldwide (CHRW) - 26 years of dividend increases; 2.8% yield.
• Chevron Corp. (CVX) - 36 years of dividend increases; 4.1% yield.
• Chubb Limited (CB) - 30 years of dividend increases; 1.4% yield.
• Cincinnati Financial (CINF) - 41 years of dividend increases; 2.7% yield.
• Coca-Cola Co. (KO) - 61 years of dividend increases; 3.1% yield.
• Dover Corp. (DOV) - 61 years of dividend increases; 1.4% yield.
• Emerson Electric Co. (EMR) - 61 years of dividend increases; 2.3% yield.
• Exxon Mobil Corp. (XOM) - 41 years of dividend increases; 3.7% yield.
• Federal Realty Investment Trust (FRT) - 51 years of dividend increases; 4.7% yield.
• International Business Machines (IBM) - 28 years of dividend increases; 3.6% yield.
• Linde Plc. (LIN) - 31 years of dividend increases; 1.4% yield.
• McDonald’s Corp. (MCD) - 47 years of dividend increases; 2.3% yield.
• Medtronic Plc. (MDT) - 46 years of dividend increases; 3.2% yield.
• NextEra Energy (NEE) - 28 years of dividend increases; 3.2% yield.
• PepsiCo Inc. (PEP) - 51 years of dividend increases; 3% yield.
• Procter & Gamble Co. (PG) - 61 years of dividend increases; 2.4% yield.
• S&P Global Inc. (SPGI) - 50 years of dividend increases; 0.8% yield.
• Sherwin-Williams Company (SHW) - 44 years of dividend increases; 1% yield.
• V.F. Corp. (VFC) - 51 years of dividend increases; 2.1% yield.
• Walmart Inc. (WMT) - 50 years of dividend increases; 1.4% yield.
• West Pharmaceuticals (WST) - 31 years of dividend increases; 0.2% yield.