QQQ   337.27 (+1.86%)
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MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)
QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)
QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)
QQQ   337.27 (+1.86%)
AAPL   175.05 (+1.37%)
MSFT   318.52 (+1.44%)
META   246.85 (+1.80%)
GOOGL   122.83 (+1.65%)
AMZN   118.15 (+2.29%)
TSLA   176.89 (+1.74%)
NVDA   316.78 (+4.97%)
NIO   7.82 (-2.62%)
BABA   85.77 (-5.41%)
AMD   107.93 (+4.03%)
T   16.55 (-0.66%)
F   11.64 (+1.22%)
MU   67.57 (+4.08%)
CGC   1.05 (+0.00%)
GE   104.01 (+0.52%)
DIS   93.76 (+1.07%)
AMC   5.07 (-0.59%)
PFE   36.48 (-0.73%)
PYPL   61.27 (-0.31%)
NFLX   371.29 (+9.22%)

Dividend Champions

The Dividend Champions list is a list of companies that have increased their dividends for at least the last 25 consecutive years. The list is maintained by Dave Fish and is published on his website, "DRIP Investing Resource Center". The list includes companies from a variety of industries, including consumer goods, healthcare, and utilities. The companies on the list are often considered to be financially stable and have a history of consistent dividend payments, making them attractive investments for income-focused investors.

Learn more about trading stocks based on dividends.

MarketRank evaluates a company based on community opinion, dividend strength, institutional and insider ownership, earnings and valuation, and analysts forecasts.
Available with a MarketBeat All Access Subscription
MarketRank™Upgrade to All Access to use the All Ranks Filter
Media sentiment refers to the percentage of positive news stories versus negative news stories a company has received in the past week.
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Analyst consensus is the average investment recommendation among Wall Street research analysts.
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Analyst ConsensusUpgrade to All Access to use the All Ratings Filter
CompanyCurrent PriceDividend YieldAnnual PayoutPayout Ratio3-Year Dividend GrowthEx-Dividend DateIndicator(s)
1st Source Co. stock logo
SRCE
1st Source
$42.37
-3.0%
3.02%$1.2832.16% 4.63%N/AAnalyst Report
3M stock logo
MMM
3M
$99.64
+1.0%
6.02%$6.0062.57% 1.14%5/18/2023Analyst Report
A. O. Smith Co. stock logo
AOS
A. O. Smith
$69.14
+1.3%
1.74%$1.2032.43% 8.20%N/AAnalyst Report
Analyst Revision
Abbott Laboratories stock logo
ABT
Abbott Laboratories
$108.47
-0.3%
1.88%$2.0444.16% 13.30%N/AAnalyst Report
Short Interest ↓
AbbVie Inc. stock logo
ABBV
AbbVie
$143.44
+0.1%
4.13%$5.9253.24% 9.16%N/AAnalyst Report
Analyst Revision
ABM Industries Incorporated stock logo
ABM
ABM Industries
$44.25
-0.8%
1.99%$0.8822.68% 3.55%N/AAnalyst Report
News Coverage
Aflac Incorporated stock logo
AFL
Aflac
$66.91
+1.1%
2.51%$1.6827.54% 14.47%N/AAnalyst Report
Insider Selling
Analyst Revision
Air Products and Chemicals, Inc. stock logo
APD
Air Products and Chemicals
$275.45
-0.3%
2.54%$7.0055.60% 11.78%N/ADividend Announcement
Analyst Report
Short Interest ↓
Albemarle Co. stock logo
ALB
Albemarle
$210.14
+1.0%
0.76%$1.607.37% 2.43%6/15/2023Analyst Upgrade
Insider Buying
Analyst Revision
News Coverage
Amcor plc stock logo
AMCR
Amcor
$10.22
-0.3%
4.79%$0.4966.22% 27.10%5/23/2023
American States Water stock logo
AWR
American States Water
$89.71
-1.1%
1.77%$1.5953.90% 9.55%5/18/2023Analyst Report
Insider Buying
Archer-Daniels-Midland Company stock logo
ADM
Archer-Daniels-Midland
$72.79
-0.4%
2.47%$1.8026.91% 4.55%N/AAnalyst Report
Short Interest ↓
Atmos Energy Co. stock logo
ATO
Atmos Energy
$116.11
-0.6%
2.55%$2.9646.32% 8.94%5/19/2023Analyst Report
Positive News
Automatic Data Processing, Inc. stock logo
ADP
Automatic Data Processing
$215.43
+0.7%
2.32%$5.0055.93% 10.04%6/8/2023Analyst Upgrade
Badger Meter, Inc. stock logo
BMI
Badger Meter
$140.65
+1.2%
0.64%$0.9030.41% 9.92%5/25/2023Analyst Report
BancFirst Co. stock logo
BANF
BancFirst
$82.44
+1.6%
1.94%$1.6029.14% 7.02%N/AAnalyst Report
Bank OZK stock logo
OZK
Bank OZK
$35.49
+0.9%
3.94%$1.4025.59% 10.26%N/AAnalyst Report
Options Volume
Becton, Dickinson and Company stock logo
BDX
Becton, Dickinson and
$251.57
+0.1%
1.45%$3.6426.71% 4.33%6/8/2023Analyst Report
Analyst Revision
Black Hills Co. stock logo
BKH
Black Hills
$63.19
-0.2%
3.96%$2.5064.27% 5.54%N/AAnalyst Report
Brady Co. stock logo
BRC
Brady
$53.01
+3.6%
1.74%$0.9223.90% 1.90%N/AAnalyst Report
Gap Up
Brown & Brown, Inc. stock logo
BRO
Brown & Brown
$66.27
+1.4%
0.69%$0.4616.67% 9.14%N/AAnalyst Report
Brown-Forman Co. stock logo
BF.B
Brown-Forman
$63.18
-0.2%
1.30%$0.8247.40%N/AN/AAnalyst Report
California Water Service Group stock logo
CWT
California Water Service Group
$55.46
-1.1%
1.88%$1.0449.06% 8.17%N/AAnalyst Report
Analyst Revision
Cambridge Bancorp stock logo
CATC
Cambridge Bancorp
$52.01
+1.3%
5.15%$2.6854.69% 7.86%N/A
Cardinal Health, Inc. stock logo
CAH
Cardinal Health
$85.56
-1.2%
2.31%$1.9830.37% 1.00%6/30/2023Dividend Increase
Analyst Report
Short Interest ↓
Carlisle Companies Incorporated stock logo
CSL
Carlisle Companies
$215.03
+2.2%
1.40%$3.0015.11% 12.75%N/AAnalyst Report
Caterpillar Inc. stock logo
CAT
Caterpillar
$214.72
+1.2%
2.24%$4.8026.40% 6.04%N/AAnalyst Report
Short Interest ↓
Analyst Revision
Chevron Co. stock logo
CVX
Chevron
$154.01
-0.1%
3.92%$6.0441.40% 6.07%5/18/2023Analyst Report
Options Volume
Chubb Limited stock logo
CB
Chubb
$200.64
+0.9%
1.65%$3.3216.39% 3.35%N/ADividend Increase
Analyst Downgrade
Church & Dwight Co., Inc. stock logo
CHD
Church & Dwight
$94.54
-0.3%
1.15%$1.0932.25% 4.89%N/AAnalyst Report
Cincinnati Financial Co. stock logo
CINF
Cincinnati Financial
$105.73
+3.0%
2.84%$3.0051.02% 7.21%6/15/2023Analyst Upgrade
Cintas Co. stock logo
CTAS
Cintas
$472.20
+1.5%
0.97%$4.6028.73% 18.10%N/AAnalyst Report
Short Interest ↓
Colgate-Palmolive stock logo
CL
Colgate-Palmolive
$79.69
-1.0%
2.41%$1.9255.98% 2.84%N/A
Commerce Bancshares, Inc. stock logo
CBSH
Commerce Bancshares
$49.65
-1.0%
2.18%$1.0829.83% 4.40%6/2/2023Analyst Downgrade
Community Trust Bancorp, Inc. stock logo
CTBI
Community Trust Bancorp
$35.60
+0.6%
4.94%$1.7643.24% 4.32%6/14/2023
Consolidated Edison, Inc. stock logo
ED
Consolidated Edison
$95.36
-0.6%
3.40%$3.2462.19% 2.20%N/AAnalyst Report
Cullen/Frost Bankers, Inc. stock logo
CFR
Cullen/Frost Bankers
$102.98
-0.5%
3.38%$3.4837.34% 4.99%5/30/2023Analyst Downgrade
Insider Buying
Donaldson Company, Inc. stock logo
DCI
Donaldson
$64.22
+0.5%
1.43%$0.9229.30% 3.53%N/AAnalyst Report
Dover Co. stock logo
DOV
Dover
$140.83
+0.7%
1.43%$2.0220.59% 1.19%5/30/2023Analyst Report
Ecolab Inc. stock logo
ECL
Ecolab
$174.95
+0.3%
1.21%$2.1236.36% 3.65%6/16/2023Analyst Report
Insider Selling
Emerson Electric Co. stock logo
EMR
Emerson Electric
$82.30
+0.1%
2.53%$2.0845.12% 1.58%N/AAnalyst Report
Enterprise Products Partners L.P. stock logo
EPD
Enterprise Products Partners
$26.08
+0.3%
7.52%$1.9672.59% 2.32%N/AAnalyst Report
Essential Utilities, Inc. stock logo
WTRG
Essential Utilities
$40.47
-1.4%
2.84%$1.1557.21%N/AN/AAnalyst Downgrade
Essex Property Trust, Inc. stock logo
ESS
Essex Property Trust
$209.63
-0.6%
4.41%$9.24154.26% 4.10%6/29/2023Dividend Announcement
Analyst Downgrade
Positive News
Eversource Energy stock logo
ES
Eversource Energy
$73.62
-0.6%
3.67%$2.7057.94% 6.02%N/AAnalyst Report
Expeditors International of Washington, Inc. stock logo
EXPD
Expeditors International of Washington
$114.67
+1.1%
1.17%$1.3425.57% 10.25%5/31/2023Analyst Report
Positive News
Exxon Mobil Co. stock logo
XOM
Exxon Mobil
$105.77
+0.9%
3.44%$3.6438.20% 1.15%N/AEx-Dividend
Analyst Report
FactSet Research Systems Inc. stock logo
FDS
FactSet Research Systems
$393.55
-0.2%
0.90%$3.5621.68% 7.62%5/30/2023Analyst Report
Federal Realty Investment Trust stock logo
FRT
Federal Realty Investment Trust
$89.27
-1.3%
4.84%$4.32168.75% 1.27%6/21/2023Analyst Report
Positive News
First Financial Co. stock logo
THFF
First Financial
$33.81
-1.2%
3.19%$1.0822.83% 1.27%6/15/2023Dividend Announcement
Analyst Report
Franklin Electric Co., Inc. stock logo
FELE
Franklin Electric
$93.67
+1.5%
0.96%$0.9019.52% 10.38%N/AAnalyst Report
Franklin Resources, Inc. stock logo
BEN
Franklin Resources
$24.67
+0.9%
4.86%$1.2046.88% 3.67%N/AAnalyst Report
Analyst Revision
General Dynamics Co. stock logo
GD
General Dynamics
$210.93
-0.2%
2.50%$5.2835.87% 7.30%N/AAnalyst Report
Genuine Parts stock logo
GPC
Genuine Parts
$164.78
-0.9%
2.31%$3.8038.97% 5.49%6/1/2023Analyst Report
Graco Inc. stock logo
GGG
Graco
$78.47
+1.4%
1.20%$0.9429.19% 9.71%N/AAnalyst Report
H.B. Fuller stock logo
FUL
H.B. Fuller
$66.09
0.0%
1.24%$0.8216.47% -33.12%N/AAnalyst Report
Hormel Foods Co. stock logo
HRL
Hormel Foods
$39.27
-0.2%
2.80%$1.1058.82% 6.95%N/AAnalyst Report
Positive News
Illinois Tool Works Inc. stock logo
ITW
Illinois Tool Works
$227.66
-0.7%
2.30%$5.2450.78% 6.92%6/29/2023Analyst Report
International Business Machines Co. stock logo
IBM
International Business Machines
$126.15
+0.4%
5.26%$6.6466.53% 0.82%N/AAnalyst Report
Short Interest ↑
Analyst Revision
Jack Henry & Associates, Inc. stock logo
JKHY
Jack Henry & Associates
$150.70
+1.7%
1.38%$2.0838.88% 7.00%5/25/2023Dividend Announcement
Analyst Report
Short Interest ↓
Johnson & Johnson stock logo
JNJ
Johnson & Johnson
$158.48
-0.3%
2.85%$4.5241.17% 5.87%5/22/2023Analyst Report
Short Interest ↓
Kimberly-Clark Co. stock logo
KMB
Kimberly-Clark
$143.80
-0.7%
3.28%$4.7267.14% 4.04%6/8/2023Analyst Report
Lancaster Colony Co. stock logo
LANC
Lancaster Colony
$208.46
-0.3%
1.63%$3.4049.56% 7.04%N/AAnalyst Report
Positive News
Leggett & Platt, Incorporated stock logo
LEG
Leggett & Platt
$32.97
+1.2%
5.58%$1.84101.66% 3.27%6/14/2023Analyst Report
Analyst Revision
Lincoln Electric Holdings, Inc. stock logo
LECO
Lincoln Electric
$170.40
+0.8%
1.50%$2.5626.69% 6.88%6/29/2023Analyst Report
Analyst Revision
Linde plc stock logo
LIN
Linde
$368.19
+0.9%
1.39%$5.1034.16% 10.17%6/1/2023Insider Selling
Lowe's Companies, Inc. stock logo
LOW
Lowe's Companies
$209.16
+0.9%
2.01%$4.2028.36% 22.86%N/AUpcoming Earnings
Analyst Report
Analyst Revision
Matthews International Co. stock logo
MATW
Matthews International
$39.25
+2.2%
2.34%$0.9229.49% 3.19%N/AAnalyst Report
Positive News
McCormick & Company, Incorporated stock logo
MKC
McCormick & Company, Incorporated
$88.58
-0.2%
1.76%$1.5653.79% 8.79%N/AAnalyst Report
Insider Selling
News Coverage
McDonald's Co. stock logo
MCD
McDonald's
$294.05
+0.2%
2.07%$6.0850.21% 6.17%N/AAnalyst Report
McGrath RentCorp stock logo
MGRC
McGrath RentCorp
$91.97
+0.5%
2.02%$1.8634.83% 6.66%N/A
MDU Resources Group, Inc. stock logo
MDU
MDU Resources Group
$28.99
-0.1%
3.07%$0.8938.86% 2.40%6/12/2023Analyst Report
High Trading Volume
Medtronic plc stock logo
MDT
Medtronic
$89.02
+0.5%
3.06%$2.7247.97% 7.99%N/AUpcoming Earnings
Analyst Report
MGE Energy, Inc. stock logo
MGEE
MGE Energy
$75.80
-1.1%
2.15%$1.6345.28% 4.83%5/31/2023Dividend Increase
Analyst Report
News Coverage
Positive News
Middlesex Water stock logo
MSEX
Middlesex Water
$76.40
+1.9%
1.64%$1.2546.99% 6.60%N/AAnalyst Report
High Trading Volume
MSA Safety Incorporated stock logo
MSA
MSA Safety
$145.11
+1.0%
1.30%$1.8828.23% 3.53%N/AEx-Dividend
Analyst Report
Positive News
NACCO Industries, Inc. stock logo
NC
NACCO Industries
$31.93
+0.6%
2.60%$0.83N/A 3.72%N/A
National Fuel Gas stock logo
NFG
National Fuel Gas
$51.26
+0.0%
3.71%$1.9033.63% 2.81%N/AAnalyst Report
Positive News
New Jersey Resources Co. stock logo
NJR
New Jersey Resources
$48.97
-0.9%
3.19%$1.5656.73% 7.54%6/13/2023Analyst Report
Insider Selling
NextEra Energy, Inc. stock logo
NEE
NextEra Energy
$75.10
-0.3%
2.49%$1.8755.00% 10.79%N/ADividend Announcement
Analyst Report
NNN REIT, Inc stock logo
NNN
NNN REIT
$43.07
-1.6%
5.11%$2.20111.68% 2.09%N/AAnalyst Report
Nordson Co. stock logo
NDSN
Nordson
$217.59
+0.3%
1.19%$2.6026.72% 16.69%5/22/2023Upcoming Earnings
Analyst Report
Northwest Natural Holding stock logo
NWN
Northwest Natural
$44.50
-0.9%
4.36%$1.9469.78% 0.52%N/AAnalyst Report
Positive News
Nucor Co. stock logo
NUE
Nucor
$140.28
+0.5%
1.45%$2.0417.24% 7.84%N/AAnalyst Report
Buyback Announcement
Analyst Revision
Old Republic International Co. stock logo
ORI
Old Republic International
$25.59
+0.9%
3.83%$0.9838.13% 4.77%6/2/2023Dividend Cut
Analyst Report
News Coverage
Pentair plc stock logo
PNR
Pentair
$59.45
+0.7%
1.48%$0.8821.67% 5.20%7/20/2023Analyst Report
PepsiCo, Inc. stock logo
PEP
PepsiCo
$191.56
-0.3%
2.40%$4.6057.86% 6.06%6/1/2023Analyst Report
Polaris Inc. stock logo
PII
Polaris
$108.40
+1.6%
2.40%$2.6024.71% 1.61%5/31/2023Analyst Report
PPG Industries, Inc. stock logo
PPG
PPG Industries
$142.57
+0.1%
1.74%$2.4830.47% 6.92%N/AAnalyst Report
Options Volume
Prosperity Bancshares, Inc. stock logo
PB
Prosperity Bancshares
$61.42
-0.9%
3.58%$2.2038.06% 7.68%6/14/2023Analyst Downgrade
Raytheon Technologies Co. stock logo
RTX
Raytheon Technologies
$96.13
+0.2%
2.29%$2.2038.19% -16.94%5/18/2023Analyst Report
Realty Income Co. stock logo
O
Realty Income
$60.07
-1.0%
5.09%$3.06208.16% 3.00%5/31/2023Dividend Announcement
Analyst Report
RenaissanceRe Holdings Ltd. stock logo
RNR
RenaissanceRe
$195.00
+2.8%
0.78%$1.525.21% 2.86%6/14/2023Analyst Report
RLI Corp. stock logo
RLI
RLI
$129.01
-0.2%
0.81%$1.0420.84% 4.22%5/30/2023Analyst Report
Roper Technologies, Inc. stock logo
ROP
Roper Technologies
$458.51
+0.9%
0.60%$2.7315.56% 10.20%N/AAnalyst Report
Analyst Revision
RPM International Inc. stock logo
RPM
RPM International
$80.80
+1.8%
2.08%$1.6831.34% 4.74%N/AAnalyst Report
S&P Global Inc. stock logo
SPGI
S&P Global
$363.80
+0.8%
0.99%$3.6024.93% 13.34%5/25/2023Analyst Report
Insider Selling
SEI Investments stock logo
SEIC
SEI Investments
$58.38
+0.1%
1.47%$0.8622.22% 6.87%N/AAnalyst Report
Positive News
SJW Group stock logo
SJW
SJW Group
$75.23
-0.6%
2.02%$1.5256.30% 6.27%N/AAnalyst Report
Sonoco Products stock logo
SON
Sonoco Products
$59.50
+1.4%
3.43%$2.0434.17% 4.14%N/AAnalyst Revision
Southside Bancshares, Inc. stock logo
SBSI
Southside Bancshares
$28.27
-1.4%
4.95%$1.4049.82% 3.41%5/22/2023Analyst Report
Stanley Black & Decker, Inc. stock logo
SWK
Stanley Black & Decker
$83.14
+1.7%
3.85%$3.2064.52% 5.61%6/2/2023Analyst Report
Stepan stock logo
SCL
Stepan
$91.14
+0.5%
1.60%$1.4623.17% 10.15%5/30/2023Analyst Downgrade
Stryker Co. stock logo
SYK
Stryker
$285.26
+0.5%
1.05%$3.0026.67% 9.91%6/29/2023Analyst Report
Analyst Revision
Sysco Co. stock logo
SYY
Sysco
$73.19
-0.2%
2.73%$2.0044.64% 6.19%7/6/2023Analyst Report
T. Rowe Price Group, Inc. stock logo
TROW
T. Rowe Price Group
$107.69
+2.1%
4.53%$4.8870.42% 16.45%6/14/2023Analyst Report
Target Co. stock logo
TGT
Target
$154.18
-4.2%
2.80%$4.3240.95% 15.06%N/AEarnings Report
Analyst Report
News Coverage
High Trading Volume
Telephone and Data Systems, Inc. stock logo
TDS
Telephone and Data Systems
$6.93
-2.9%
10.68%$0.74-274.07% 2.94%N/AAnalyst Report
Tennant stock logo
TNC
Tennant
$78.19
+0.3%
1.36%$1.0620.42% 4.87%5/30/2023Analyst Report
The Andersons, Inc. stock logo
ANDE
Andersons
$38.40
+1.3%
1.93%$0.7424.67% 1.91%N/AAnalyst Report
The Clorox Company stock logo
CLX
Clorox
$166.11
-0.5%
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Key Points

  • Dividend-paying stocks can offer a foundation for a conservative portfolio.
  • Dividend Champion stocks are stocks of companies that have increased dividend payouts for 25 straight years.
  • Dividend Champions follow specific criteria and less than 100 currently trade on U.S. exchanges.

Are you looking for dividend champions to invest in? 

Unlike the NFL or NBA, where we can only crown one champion, plenty of stocks can own the title of "Dividend Champion" as long as they meet specific criteria. And no, they won't fight each other unless you consider competition for investment dollars. 

Dividend Champions can be a portfolio cornerstone for investors, especially those approaching retirement age who want a little security (and income) from their holdings. In this article, you'll learn what makes a stock a Dividend Champion, what separates Dividend Champions from Dividend Contenders and how to add them to your portfolio.

dividend champions

Overview of Dividend Champions

Dividend Champions have fairly specific criteria, which are less stringent than the more renowned Dividend Aristocrats list. Dave Fish of the DRIP Investing Resource Center maintains the Dividend Champions spreadsheet. To be included on the Dividend Champions list, a stock must meet the following guidelines: 

  • It must have 25 consecutive years of dividend payout increases. 
  • It must trade in the United States.

Unlike the Dividend Aristocrats, Dividend Champions don't need to be S&P 500 members and have no minimum market cap or daily volume guidelines.

The key characteristic here is the 25 years of dividend payout increases. Note that this refers to the total dividend payout, not an increase in dividend yield. A company can remain a Dividend Champion even if the dividend yield decreases year-over-year (YOY). The "Dividend Champion" label will remain as long as the dividend payout continues to grow. Rapid increases in dividend yield can indicate an unstable company since the dividend payment obligations may become challenging to meet. 

For example, Kinder Morgan Inc. (NYSE: KMI) had a dividend yield of 10.3% for Q1 in 2016. Later that year, the company slashed its dividend by 75% due to stagnant energy prices, taking the share price down.

When a company can increase its dividend payouts for 25 straight years, many investors consider it a safe and reliable business, but this eliminates a lot of growth-oriented stocks from the equation. Dividend Champions tend to reside in the industrial, energy, consumer staples and healthcare sectors.

Due to their lack of growth potential, Dividend Champion stocks are an excellent match for more conservative portfolios. You will find few 10-baggers in this group since they're established companies with stable sales and little interest in expanding into new businesses or industries. However, a portfolio of the top 25 dividend stocks is typical for investors approaching retirement age who want some margin of safety from their investments and steady income through dividend payment increases.

Dividend Champions vs. Dividend Contenders

What separates the Champions from the Contenders when it comes to dividend stocks? The same thing that often separates champions and contenders in sports like football — experience.

Dividend Contenders (like their counterparts, the Dividend Achievers) meet many of the same requirements as Dividend Champions, but they don't have as much experience enhancing their yearly dividend payouts consistently.

To qualify as a Dividend Champion, the company must have a minimum 25-year history of increasing its dividend payout. But the next tier down is the Dividend Contenders, which only have 10 years of dividend payout increases. Many companies on the Dividend Contenders list will grow into Dividend Champions if given time, but 25 years of dividend payout increases is a high bar to reach. Many firms fail to cross that threshold, even if they're well-run and profitable businesses. 

Example of a High-Quality Dividend Champion

Looking for a top-notch Dividend Champion stock? Remember, when it comes to dividend stocks, it's often the most boring companies that rise to the top. In that regard, let's look at one of the bell cows of the Dividend Champions — the Clorox Company (NYSE: CLX).

Clorox is a consumer staples company that makes household products like cleaners, disinfectants, laundry detergent and other bleach products. Clorox owns brands like Brita, Glad, Kingsford, Pine-Sol and Fresh Step. The company has been in business since 1913, went public in 1928 and currently has a market cap north of $17 billion.

What makes Clorox a Dividend Champion? It has raised dividend payouts for 34 consecutive years. Clorox isn't exactly an exciting or groundbreaking company in terms of R&D, but it sells products that all consumers buy, regardless of economic climate or household balance sheets.

How to Invest in Dividend Champions

Investing in Dividend Champions doesn't require advanced market knowledge or the ability to decipher technical trading signals. But you need to understand how dividends distribute to maximize your investment profits. Here's how to get started:

Step 1: Open a brokerage account.

The first step is opening a brokerage account with access to shares of the dividend stocks you wish to purchase. Since Dividend Champions are well-known securities with ample liquidity, you should be able to locate them through most major brokerages in the United States.

Step 2: Determine how much capital to invest.

Next, figure out how much capital you want to devote to dividend stocks. You can make an entire portfolio out of these Dividend Champions or carve out a portion of your portfolio for them. Remember that Dividend Champion stocks tend to be less volatile than other securities.

Step 3: Figure out which Dividend Champions to buy.

Now decide which Dividend Champion stocks to buy. While stocks with 25 years of dividend payout increases are rare, there is still plenty to fill a portfolio within various industries. You could stick to specific sectors like healthcare or consumer staples with your Dividend Champion investments, or you may want to grab a company from each different industry. There's no right or wrong way to construct a dividend stock portfolio, provided the stocks in question meet the Dividend Champion criteria.

Step 4: Purchase shares before the ex-dividend date.

Here's the important part: To be eligible to receive the dividend, you must own the stock before the ex-dividend date. Doing so may seem redundant if you've owned the shares for years, but if you want to increase your stake in a particular company, make sure you purchase the shares before this date to maximize the income you receive from these payouts. If you buy shares after the ex-dividend date, you won't receive the dividend; the trader who sold you the shares will.

Dividend Champions Sector Breakdown

Let's take a look at a few of the sectors associated with Dividend Champions:

Market Capitalization of Dividend Champions

Dividend Champion market caps can come in a wide range of figures. Unlike the Dividend Aristocrats, there's no minimum market-cap number for inclusion as a Dividend Champion. However, many Dividend Champions already fall into the large-cap category since they're usually big, established companies with steady sales and leadership. 

As mentioned above, Clorox has a market cap of $17 billion, which puts it in the mid-range for market caps among Dividend Champions. At the higher end, you'll find companies like medical supplier Becton, Dickinson and Company, which has a market cap of over $72 billion, or Caterpillar Inc., which is over $132 billion in terms of market cap. Of course, pharmaceutical giant Johnson and Johnson (NYSE: JNJ) has a nearly half-trillion-dollar market cap.

Dividend Champions: Stability in a Volatile World

Growth-oriented investors reaped the most rewards during the 10-year bull market following the Great Recession as rates plummeted and inflation stayed cool. But now that rates are rising and inflation has elevated, profitability and sustainability have reentered the conversation, and that's where stocks like the Dividend Champions could outperform. 

Dividend Champions may not make you rich over a short period. Still, they are great stocks for conservative investors looking to preserve their purchasing power while earning consistent income. They are popular buys for retirement accounts like IRAs, especially Roth IRAs, where the dividend payouts won't be subject to taxation.

FAQs

Here are a few frequently asked questions about investing in dividend-paying stocks:

How many Dividend Champions are there?

Generally, less than 200 Dividend Champions are trading at a given time. A company with 25 consecutive years of dividend payout increases is rare in public markets, so the list remains relatively short.

What are the highest-paying Dividend Kings?

Companies like W.W. Grainger (NYSE: GWW) and Essex Property Trust (NYSE: ESS) have the largest cash payouts among the top dividend payers. On the other hand, firms like V.F. Corporation (NYSE: VFC) and 3M Company (NYSE: MMM) offer the highest dividend yield.

How do you decide on the top dividend stocks?

Deciding which Dividend Champions to buy depends on individual preferences. Some dividend investors choose stocks from industries they're most familiar with; others try to diversify across sectors. Familiarize yourself with special dividends, which don't always factor into the Dividend Champion criteria.

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