Hey, Zach here!

I hope you had a great independence day weekend! I’ve been enjoying a nice week at the beach with family, but I still made a great video for you. Today, I’m going to share a huge breakdown where I analyze every dividend aristocrat stock. All 69 of them!

Plus, since I’m in the holiday spirit, I decided to extend our Summer Sale by 24 hours. So if you’ve been on the fence, today is your last chance to try it out!

Now on to Today’s topics:

1. Dividend Increases This Week

2. Every Dividend Aristocrat Stock in 2025 | All 69 Analyzed

3. My New Buys This Week

Dividend News

🚀 Dividend Raises This Week

• PNC - PNC Financial raises dividend by 6.3% to $1.70

• NTRS - Northern Trust plans 6.7% dividend increase after stress test

• USB - U.S. Bancorp to raise dividend 4% after Fed stress test

• GS - Goldman Sachs plans 33% dividend increase after stress test results

• WFC - Wells Fargo plans to raise dividend by 12.5% after stress test results

• EVG - Eaton Vance Short Duration Diversified Income Fund raises monthly dividend by 0.8% to $0.0743/share

• OZK - Bank OZK raises quarterly dividend by 2.3% to $0.44/share

The Key Story

Every Dividend Aristocrat Stock in 2025 | All 69 Analyzed

Dividend Aristocrats are S&P 500 companies that have increased their dividends for at least 25 consecutive years—established, cash-rich businesses built to last. In this Fourth of July Special, I run through all 69 of them, sharing the key scoop on yield levels, growth trends, payout safety, and where the recent sell-offs or spikes matter most.

• AbbVie (ABBV) 3:04
  Verdict: A “fantastic buy over the past decade”—3.6 % yield, 12.4 % 10-yr dividend CAGR, 61 % FCF payout.

• Abbott Laboratories (ABT) 4:44
  Verdict: Long-time aristocrat—1.8 % yield, 9.4 % 10-yr dividend CAGR, 60 % FCF payout, 7 400 % return since 1990.

• Archer-Daniels Midland (ADM) 5:40
  Verdict: Yield near 4 % (cycle high), dividend growth slowing to 2 %, 80 % FCF payout—watch for a rebound.

• Automatic Data Processing (ADP) 6:37
  Verdict: Rare combo of 2 –3 % yield + double-digit growth (12 % 10-yr CAGR), 60 % payout—software transition fueling reliable gains.

• Aflac (AFL) 7:39
  Verdict: Insurance stalwart—2.2 % yield, 11.5 % 10-yr dividend growth, 40 % FCF payout, recent 16 % raise.

• Albemarle (ALB) 8:34
  Verdict: Yield at 2.5 % amid EPS collapse—“worried about a cut,” but cash-rich balance sheet means “could be a buying opportunity.”

• Amcor plc (AMCR) 9:47
  Verdict: 5.6 % yield but flat price since 2019—“not very interested.”

• A. O. Smith (AOS) 10:03
  Verdict: 2.1 % yield, 13.6 % 10-yr CAGR, 40 % FCF payout—“a good entry point.”

• Atmos Energy (ATO) 10:40
  Verdict: 2.3 % utility yield, 8–8.5 % dividend growth, high debt but “reliable” payments.

• Becton Dickinson (BDX) 11:25
  Verdict: Recent sell-off lifts yield to an all-time high; 6 % 10-yr CAGR, 35 % FCF payout.

• Franklin Resources (BEN) 12:10
  Verdict: 5.4 % yield near historic peak; dividend growth slowed to 3.3 % 10-yr CAGR, 82 % FCF payout, “stock price performance terrible.”

• Brown-Forman (BF/B) 13:04
  Verdict: 3.4 % yield at cycle high, 6 % 10-yr CAGR, 97 % FCF payout—total return down 60 % over 3 years.

• Brown & Brown (BRO) 13:50
  Verdict: 0.6 % yield, 13.5 % 3-yr CAGR, 14 % FCF payout—“fantastic and consistent dividend growth,” 39 400 % return since 1990.

• Cardinal Health (CAH) 14:41
  Verdict: 1.2 % yield, ~1 % dividend raises over 5 yrs, 15 % FCF payout—“stinker in dividend growth” but 270 % 5-yr return.

• Caterpillar (CAT) 15:41
  Verdict: 2.8 % yield, 7 % 10-yr CAGR, 30 % FCF payout—“boom/bust cycles could be buying opportunities.”

• Chubb (CB) 16:29
  Verdict: 1.4 % yield, 6.6 % 3-yr CAGR, 8 % FCF payout—Buffett’s recent stake, accelerating EPS.

• Church & Dwight (CHD) 17:06
  Verdict: 1.2 % yield, 5.8 % 5-yr CAGR slowing to 3.9 % over 3 yrs, 28 % FCF payout.

• C.H. Robinson (CHRW) 18:03
  Verdict: 2.6 % yield, 5 % 10-yr CAGR, 60 % FCF payout—“earnings flat, total return not great.”

• Cincinnati Financial (CINF) 18:31
  Verdict: 2.4 % yield, 8 % 3-yr CAGR, 18 % FCF payout—could have bought at 7 % yield post-2008.

• Colgate-Palmolive (CL) 19:04
  Verdict: 2.3 % yield, 3.2 % 10-yr CAGR, 50 % FCF payout—“reliable dividend payer with slower growth.”

• Clorox (CLX) 19:36
  Verdict: 4.1 % yield at record highs, 5.1 % 10-yr CAGR slowing to 1.7 %, unsustainable payout (123 % FCF in 2024).

• Cintas (CTAS) 20:30
  Verdict: 0.7 % yield, 12 % 10-yr CAGR, 29 % FCF payout—“great performer,” 252 % 5-yr return; 25 200 % since 1990.

• Chevron (CVX) 21:13
  Verdict: 4.8 % yield, 6.4 % 3-yr CAGR, 78 % FCF payout—“continues raising through cycles.”

• Dover (DOV) 22:35
  Verdict: 1.1 % yield, 1 % recent raise, 69-yr streak tied for longest—“low growth, low yield.”

• Consolidated Edison (ED) 23:49
  Verdict: 3.5 % yield, ~2.5 % dividend growth, 60 % net payout—debt $25.8 b; yield history up to 7 %.

• Ecolab (ECL) 24:50
  Verdict: 1 % yield, 8.4 % 3-yr CAGR, 36 % FCF payout—“accelerating growth, sustainable.”

• Emerson Electric (EMR) 25:21
  Verdict: 1.6 % yield, 1.2 % 10-yr CAGR slowing to 0.5 %, payout high in 2023—“not excited.”

• Essex Property Trust (ESS) 26:18
  Verdict: 3.6 % yield, ~6 % 10-yr CAGR, flat price—“steady REIT, 5 700 % since 1990.”

• Expeditors Intl. (EXPD) 26:54
  Verdict: 2 % yield, 7.9 % 10-yr CAGR, 29 % FCF payout—“freight headwinds but sustainable.”

• Fastenal (FAST) 27:42
  Verdict: 2.1 % yield (incl. special div), 12 % 10-yr CAGR, 94 % FCF payout—“one of the best total returns (56 000 %).”

• Federal Realty (FRT) 28:35
  Verdict: 4.7 % yield,2.4 % 10-yr CAGR down to 0.9 %, REIT cap-ex headwinds.

• General Dynamics (GD) 29:10
  Verdict: 2.1 % yield, 8 % 10-yr CAGR, 48 % FCF payout—“sustainable defense growth.”

• Genuine Parts (GPC) 29:48
  Verdict: 3.4 % yield, 5.3 % 10-yr CAGR, payout at 81 % FCF—“yield spikes possible in downturns.”

• W.W. Grainger (GWW) 30:27
  Verdict: 0.9 % yield, 9.5 % 3-yr CAGR, 26 % FCF payout—“dividend king with 52-yr streak.”

• Hormel Foods (HRL) 31:38
  Verdict: 3.8 % yield on sell-off, 3.7 % 3-yr CAGR, 60 % FCF payout—“question if earnings rebound.”

• IBM (IBM) 32:43
  Verdict: 2.3 % yield, 0.6 % 3-yr CAGR, 102 % net payout—“value play with recent acceleration.”

• Illinois Tool Works (ITW) 33:59
  Verdict: 2.4 % yield, 12 % 10-yr CAGR, 59 % FCF payout—“solid industrial dividend grower.”

• Johnson & Johnson (JNJ) 34:37
  Verdict: 3.4 % yield, 5.7 % 10-yr CAGR, 61-yr streak, yield at cycle highs since 2009.

• Kimberly-Clark (KMB) 35:45
  Verdict: 3.9 % yield, 3.7 % 10-yr CAGR slowing to 2.8 %, flat EPS.

• Coca-Cola (KO) 36:44
  Verdict: 2.9 % yield, 4.5 % 10-yr CAGR, 176 % FCF payout in 2024—“mature cash cow.”

• Linde (LIN) 38:30
  Verdict: 1.3 % yield low, 8.6 % 3-yr CAGR, 53 % FCF payout—“industrial gas leader.”

• Lowe’s (LOW) 39:08
  Verdict: 2.1 % yield, 16 % 10-yr CAGR slowing to 4.6 %, 33 % FCF payout, heavy buybacks/debt.

• McDonald’s (MCD) 40:50
  Verdict: 2.4 % yield, 8.7 % 3-yr CAGR, 72 % FCF payout—“very low cut risk.”

• Medtronic (MDT) 42:08
  Verdict: 3.3 % yield, 8.8 % 10-yr CAGR but 0.7 % 3-yr, 76 % payout—“plateaued performance.”

• McCormick (MKC) 43:39
  Verdict: 2.4 % yield, 8.5 % 10-yr CAGR slowing to 6.7 %, 70 % payout—“flat since 2020.”

• Nordson (NDSN) 44:26
  Verdict: 1.5 % yield up on sell-off, 15 % 3-yr CAGR, 30 % payout—“dividend king with 60-yr streak.”

• NextEra Energy (NEE) 45:18
  Verdict: 3.2 % yield, 11.4 % 10-yr CAGR, 89 % FCF payout, $87 b debt—“growing OCF but cap-ex hungry.”

• Nucor (NUE) 46:32
  Verdict: 1.7 % yield, 3.2 % 3-yr CAGR, cyclical swings—“steel profits boom/bust.”

• Realty Income (O) 47:30
  Verdict: 5.6 % yield, 3 % 3-yr CAGR, REIT FFO basis—“‘Monthly Dividend’ at elevated levels.”

• PepsiCo (PEP) 48:37
  Verdict: 4.3 % yield—all-time high, 7.3 % 10-yr CAGR, 75 % payout—“never above 4 % until now.”

• Procter & Gamble (PG) 50:07
  Verdict: 2.6 % yield, 4.8 % 10-yr CAGR, 56 % payout—“defensive staple trading at premium.”

• Pentair (PNR) 50:46
  Verdict: 1 % yield, 5.6 % 5-yr CAGR, 22 % FCF payout—“steady water solutions.”

• PPG Industries (PPG) 51:20
  Verdict: 2.4 % yield, 6.6 % 10-yr CAGR, 88 % FCF payout—“flat prices, modest growth.”

• Roper Technologies (ROP) 51:46
  Verdict: 0.6 % yield, 12.7 % 10-yr CAGR, 13 % FCF payout—“diversified tech compounder (31 000 % return).”

• Sherwin-Williams (SHW) 52:45
  Verdict: 0.9 % yield, 13.5 % 10-yr CAGR, 34 % payout—“pain ts king, never above 1.3 % yield pre-crises.”

• The J.M. Smucker Co. (SJM) 53:33
  Verdict: 4.5 % yield at record high, 5.4 % 10-yr CAGR slowing to 2.9 %, “turnaround play.”

• S&P Global (SPGI) 54:31
  Verdict: 0.7 % yield, 11.3 % 10-yr CAGR, 20 % FCF payout—“data/ratings powerhouse (15 000 % return).”

• Stanley Black & Decker (SWK) 55:15
  Verdict: 5.9 % yield high, 4.7 % 10-yr CAGR slowing to 1.2 %, “55-yr streak but earnings need rebound.”

• Sysco (SYY) 56:24
  Verdict: 2.9 % yield, 6 % 10-yr CAGR, 47 % payout—“foodservice recovery story.”

• Target (TGT) 57:24
  Verdict: 4.6 % yield highest ever, 8.2 % 10-yr CAGR down to 1.8 % recent raises—“50-yr king at a discount.”

• Walmart (WMT) 59:47
  Verdict: 1 % yield low, 8 % 3-yr CAGR, “e-com & membership growth driving renewed EPS.”

• West Pharmaceutical (WST) 1:01:22
  Verdict: 0.4 % yield, 6.7 % 10-yr CAGR, 21 % payout—“med-tech niche with minimal payout risk.”

• Exxon Mobil (XOM) 1:01:59
  Verdict: 3.6 % yield average, 4 % 3-yr CAGR, “buy during deep bear markets (8–10 % yields in 2020).”

• FactSet Research (FDS) 1:03:10
  Verdict: 1 % yield, 9.6 % 10-yr CAGR, 24 % payout—“new aristocrat with 12 500 % return since ’96.”

• Erie Indemnity (ERIE) 1:04:05
  Verdict: 1.6 % yield, 7.2 % 10-yr CAGR, 48 % payout—“insurance growth story.”

• Eversource Energy (ES) 1:04:35
  Verdict: 4.8 % yield, 6 % 10-yr CAGR, 123 % net payout—“regulated utility with one of the highest yields ever.”

• Kenvue (KVUE) 1:05:11
  Verdict: 3.9 % yield inaugural, 2.5 % raise to date—“spin-off of J&J consumer brands, short history.”

💰 My Buys This Week

📅 Keep Investing. Stay informed.

– Zach
Founder, Dividend Data

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Disclaimer: Dividend Dividend (Dividend Data LLC) is not a professional financial service. All materials released from Dividend Data (Dividend Data LLC) are for educational and entertainment purposes. Dividend Data (Dividend Data LLC) is not a replacement for a professional's opinion. Contributors to the Dividend Data (Dividend Data LLC) might have equities mentioned in the newsletter