Dividend Value Builder Newsletter
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Dividend Champions List
25 or More Consecutive Years of Dividend Increases
Dividend Champions are companies which have increased their dividend for 25 or more consecutive years. Unlike the the Dividend Aristocrats , Dividend Champions are not necessarily members of the S&P 500 index.
The Dividend Champions List is part of the popular “CCC” (Champions, Contenders, and Challengers) lists. These lists were created by David Fish (deceased 2018) and now maintained by Justin Law with a monthly update HERE. You can also find an update every Friday afternoon at Dividend Radar.
The Dividend Champions list (currently 150) is much larger than the Dividend Aristocrats list (currently 71). The goal of the Champions list is to identify all U.S. companies that have increased their dividends paid for 25+ consecutive years regardless of their size.
There are 150 companies on the 2023 Dividend Champions List:
Company (Symbol) – Consecutive Years of Dividend Increases
(sorted by consecutive years highest to lowest)
Dover (DOV) – 68
Northwest Natrl (NWN) – 67
Genuine Parts (GPC) – 67
Parker-Hannifin (PH) – 67
3M (MMM) – 65
Cincinnati Fin. (CINF) – 63
Coca-Cola (KO) – 61
Lancaster Colony (LANC) – 60
Farmers & Merchants Bancorp (FMCB) – 60
Nordson (NDSN) – 60
Hormel Foods (HRL) – 57
Tootsie Roll (TR) – 56
ABM Industries (ABM) – 56
California Water Service (CWT) – 56
Federal Realty Investment Trust (FRT) – 56
SJW (SJW) – 56
Target (TGT) – 56
Stanley Black & Decker (SWK) – 56
Federal Realty Investment Trust (FRT) – 56
Stepan Company (SCL) – 55
Commerce Bancshares (CBSH) – 55
H.B. Fuller (FUL) – 54
Altria Group Inc. (MO) – 54
Natural Fuel Gas (NFG) – 53
Sysco (SYY) – 53
Universal Corp. (UVV) – 53
Black Hills Corp. (BKH) – 52
W.W. Grainger (GWW) – 52
MSA Safety (MSA) – 52
W.W. Grainger (GWW) – 50
PPG Industries (PPG) – 52
Becton Dickinson (BDX) – 51
Tennant (TNC) – 51
Kimberly-Clark (KMB) – 51
PepsiCo (PEP) – 51
Middlesex Water Company (MSEX) – 50
Gorman-Rupp Company (GRC) – 50
Nucor (NUE) – 50
S&P Global Inc. (SPGI) – 50
Wal-Mart (WMT) – 50
RPM International (RPM) – 49
Consolidated Edison (ED) – 49
Telephone & Data Systems (TDS) – 49
Illinois Tool Works (ITW) – 49
Archer-Daniels Midland (ADM) – 48
RLI Corp. (RLI) – 48
United Bankshares Inc. (USBI) – 47
Walgreens Boots Alliance (WBA) – 47
MGE Energy (MGEE) – 48
McDonald’s (MCD) – 47
Automatic Data Processing (ADP) – 47
Pentair PLC (PNR) – 47
Carlisle Companies (CSL) – 47
Medtronic (MDT) – 46
Clorox (CLX) – 46
Sherwin-Williams (SHW) – 45
Franklin Resources (BEN) – 43
Community Trust Bancorp (CTBI) – 43
Old Republic International (ORI) – 42
Aflac (AFL) – 41
Sonoco Products (SON) – 41
Air Prod. & Chem. (APD) – 41
Cintas (CTAS) – 41
Exxon Mobil (XOM) – 40
Atmos Energy (ATO) – 39
Brown-Forman Class B (BF-B) – 38
Nacco Industries (NC) – 38
Brady (BRC) – 38
Univ. Health Realty Trust (UHT) – 38
T. Rowe Price (TROW) – 37
Donaldson Company (DCI) – 37
Eagle Financial Services (EFSI) – 36
Tompkins Financial Corp. (TMP) – 36
McCormick & Company (MKC) – 36
Chevron (CVX) – 36
UGI (UGI) – 36
1st Source (SRCE) – 35
National Retail Properties (NNN) – 34
Calvin B. Taylor Bankshares, Inc. (TYCB) – 34
First Financial Corp. (THFF) – 33
Erie Indemnity Company (ERIE) – 33
Jack Henry & Assoc. (JKHY) – 33
First Farmers Financial Corporation (FFMR) – 33
SEI Investments (SEIC) – 32
General Dynamics (GD) – 32
Community Bank System (CBU) – 32
Artesian Resources Corporation (ARTNA) – 30
Westamerica Bancorporation (WABC) – 32
Chesapeake Financial Services (CPKF) – 31
MDU Resources Group, Inc. (MDU) – 30
Ecolab inc. (ECL) – 31
Franklin Electric Co. (FELE) – 31
McGrath Rentcorp (MGRC) – 31
Enterprise Bancorp, Inc. (EBTC) – 31
Essential Utilities, Inc. (WTRG) – 31
Badger Meter (BMI) – 31
Artesian Resources Corporation (ARTNA) – 31
UMB Financial Corp. (UNBF) – 30
West Pharmaceutical Services (WST) – 30
Roper Technologies, Inc. (ROP) – 30
Stryker Corporation (SYK) – 30
Realty Income Corporation (O) – 30
Thomson Reuters Corporation (TRI) – 30
Linde PLC (LIN) – 30
AptarGroup, Inc. (ATR) – 30
Chubb Limited (CB) – 30
John Wiley & Sons , Inc. (JW.A) – 30
PSB Holdings (PSBQ) – 30
Caterpillar (CAT) – 30
Cullen/Frost Bankers, Inc. (CFR) – 30
BankFirst Corporation (BANF) – 30
Arrow Financial Corp. (AROW) – 29
Brown & Brown Inc. (BRO) – 29
Albemarie Corporation (ALB) – 29
NextEra Energy, Inc. (NEE) – 29
Essex Property Trust (ESS) – 29
Southside Bancshares (SBSI) – 29
Expeditors International of Washington (EXPD) – 29
Enbridge (ENB) – 29
Lincoln Electric Holdings (LECO) – 28
Northeast Indiana Bancorp, Inc. (NIDB) – 28
Matthews International Corporation (MATW) – 28
Polaris Inc. (PII) – 28
Canadian National Railway Company (CNI) – 28
RenaissanceRe Holdings Ltd. (RNR) – 28
International Business Machines (IBM) – 28
New Jersey Resources Corporation (NJR) – 28
The First of Long Island Corporation (FLIC) – 27
Church & Dwight Co. (CHD) – 27
Bank OZK (OZK) – 27
Graco Inc. (GGG) – 26
W.P. Carey Inc. (WPC) – 26
CCFNB Bancorp Inc. (CCFN) – 26
Enterprise Products Partners L.P. (EPD) – 26
The J.M. Smucker Company (SJM) – 26
C.H. Robinson Worldwide (CHRW) – 25
Prosperity Bancshares, Inc. (PB) – 25
The York Water Company (YORW) – 25
Norwood Financial Corp. (NWFL) – 25
Cambridge Bancorp (CATC) – 25
Eversource Energy (ES) – 25
Citizens Financial Services, Inc. (CZFS) – 25
Republic Bancorp, Inc. (RBCAA) – 25
FactSet Research Systems Inc. (FDS) – 25
Alerus Financial Corporation (ALRS) – 25
(updated 10/25/23)
Dividend Champions & Stock Picking
Stocks that have increased their dividend for 25 or more years are going to draw investor attention; they are proven winners. They obviously have been doing a lot of thing right.
However, the fact that these have been successful companies means, their stock price might be higher than the value they provide. In addition, some smaller Dividend Champions might have problems that are unique to smaller market capitalization stocks.
That is why you should analyze and compare stocks before blindly buying any stock, even one with a great track record. The Dividend Value Builder Newsletter ($99/year for 24 Issues) provides estimated intrinsic value, margin of safety, projected 5 year total annualized return, risk / stability grade, dividend safety grade, & earnings quality grade for 300 stocks.. It’s a great approach to getting started with your due diligence before making important investment decisions.
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Disclaimer:
While Arbor Investment Planner has used reasonable efforts to obtain information from reliable sources, we make no representations or warranties as to the accuracy, reliability, or completeness of third-party information presented herein. The sole purpose of this analysis is information. Nothing presented herein is, or is intended to constitute investment advice. Consult your financial advisor before making investment decisions.