Breaking News
Investing Pro 0
💎 Reveal Undervalued Stocks Hiding in Any Market Get Started

3 Dividend Aristocrats to Buy Now

www.investing.com/analysis/3-dividend-aristocrats-to-buy-now-200634959
3 Dividend Aristocrats to Buy Now
By Ismael De La Cruz/Investing.com   |  Feb 02, 2023 03:55PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
 
US500
+0.16%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
KO
+0.74%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
MMM
+0.35%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
CHRW
+1.03%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
DOV
+0.94%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
EMR
-0.18%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
  • Dividend Aristocrats are companies that increased their dividend yield for at least 25 consecutive years
  • Three new companies joined this group yesterday
  • Let's take a look at these stocks and see why they make a great addition to your portfolio

Let's first have a look at the nature of the dividend aristocrats and the 3 stocks that joined the group yesterday. These are 3 stocks in an uptrend and have been on a dividend growth streak between 25 and 42 consecutive years.

The Nature of Dividend Aristocrats

These are companies that pay dividends to their shareholders and have to meet several requirements, such as:

  • Raising dividends for at least 25 consecutive years.
  • Be included in the S&P 500 index.
  • Have a market capitalization of at least $3 billion.
  • Have an average daily trading volume of at least $5 million.

The main dividend aristocrat index is the S&P 500 Dividend Aristocrats, launched in 2005. Dividend Aristocrats are solid, reliable, and liquid companies with a track record of consecutive dividend payouts and growth over many years.

3 New Stocks Were Added to the Index Yesterday

To be a Dividend Aristocrat, a company does not have to pay a high dividend to its shareholders. Still, it does have to pay a consistent and rising dividend for at least 25 consecutive years. That's not very long when you look at some of the companies in this index that have raised their respective dividends for 60 years.

These include 3M Company (NYSE:MMM), Coca-Cola (NYSE:KO), Colgate-Palmolive (NYSE:CL), Dover (NYSE:DOV), Emerson (NYSE:EMR), Genuine Parts Co. (NYSE:GPC), Johnson & Johnson (NYSE:JNJ), and Procter & Gamble (NYSE:PG).

Let's look at the three stocks added to the aristocracy yesterday using information from the Investing Pro tool.

1. C.H. Robinson Worldwide

C.H. Robinson Worldwide (NASDAQ:CHRW) provides transportation, management, brokerage, and warehousing services.

Headquartered in Eden Prairie, Minnesota, the company has more than 300 offices, more than 15,000 employees in North America, Europe, Asia, and South America, and contracts with more than 66,000 carriers.

The company has increased its dividend for 25 consecutive years, with a yield of +2.2%. The last increase was in November last year. Earnings per share (EPS) are expected to be $1.34 in the next earnings report.

CH Robinson Daily Chart
CH Robinson Daily Chart

From a technical point of view, the support formed in February 2022 is working well. It prevented falls and triggered rallies when it was touched in November 2022 and January 2023.

It is trying to break through resistance at $100.74, and once it does, we should see a continuation of the rally.

2. Nordson

Nordson (NASDAQ:NDSN) is a manufacturer of chemical processing equipment. It produces equipment used to test and inspect electronic components and medical devices. Headquartered in Westlake, Ohio, the company has operations in 30 countries.

The dividend yield is +1.1% and has been increasing for 42 years. The last increase was in August last year. On Feb. 21, the company will announce its results for the last quarter, and earnings per share (EPS) are expected to be $1.98 per share.

Nordson Daily Chart
Nordson Daily Chart

From a technical point of view, the stock is in an upward trend and trading within its bullish channel.

It is trying to break the resistance at $245.08; once it does, we should see a continuation of the uptrend. So far, it has failed to do so in December 2022 and January 2023.

3. J.M. Smucker Company

J.M. Smucker Company (NYSE:SJM) manufactures peanut butter and jelly, beverages, and other products. The company is headquartered in Ohio, USA.

It has a dividend yield of +2.7%. It has increased its dividend for 25 years, most recently in July last year. The next dividend payment date is Mar. 1, and shares must be held before Feb. 9 to be eligible.

On Feb. 28, the company will announce its results for the last quarter. Earnings per share (EPS) are expected to be $2.13.

JM Smucker Company Daily Chart
JM Smucker Company Daily Chart

From a technical point of view, the stock has been rising in a bullish channel since the annual lows formed last June. It has always respected the lower base of this channel.

Disclosure: The author does not own any of the securities mentioned.

3 Dividend Aristocrats to Buy Now
 

Related Articles

3 Dividend Aristocrats to Buy Now

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.
  • Any comment you publish, together with your investing.com profile, will be public on investing.com and may be indexed and available through third party search engines, such as Google.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (4)
Paul IllTradeThese
Paul IllTradeThese Feb 03, 2023 12:07AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
I've been watching JM Smuckers for years. This earnings will mark probably their best earnings for a while. I agree they've been doing well but I think they are going to crash 20% from 150 to 120ish. Than you can buy them cheap at 120. This crash will happen in the first 6 months of the year.
Aaron Cox
Aaron Cox Feb 02, 2023 4:45PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
All stocks are north of $100 and nearer their 52 high than low, 100% dividend play.
Sherry Lander
Sherry Lander Feb 02, 2023 2:00PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Thanks for getting this info to your readers
Fwths Tsamis
Fwths Tsamis Feb 02, 2023 1:00PM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Noted! ✅️
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email