Dividend Achievers

The Dividend Achievers Index is a list of stocks that have consecutively increased their dividend payments for at least 10 years. To be included in the Dividend Achievers Index, a stock must be a member of the NASDAQ US Benchmark Index and meet certain minimum liquidity requirements. More about Dividend Achievers.

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.
Available with a MarketBeat All Access Subscription
Media SentimentUpgrade to All Access to use the All Sentiments Filter
Analyst consensus is the average investment recommendation among Wall Street research analysts.
Available with a MarketBeat All Access Subscription
Analyst ConsensusUpgrade to All Access to use the All Ratings Filter
CompanyDividend YieldAnnual PayoutPayout Ratio3-Year Dividend GrowthP/E RatioIndicator(s)
1st Source logo
SRCE
1st Source
2.74%$1.2428.18% 48.68% 11.04High Trading Volume
3M logo
MMM
3M
3.26%$5.9258.61% 25.11% 17.85Analyst Report
Analyst Revision
News Coverage
High Trading Volume
A. O. Smith logo
AOS
A. O. Smith
1.59%$1.0437.41% 75.00% 24.00News Coverage
High Trading Volume
Abbott Laboratories logo
ABT
Abbott Laboratories
1.42%$1.8040.54% 35.85% 35.72Dividend Announcement
ABM Industries logo
ABM
ABM Industries
1.69%$0.7622.29% -18.38% 21.07Analyst Revision
High Trading Volume
Accenture logo
ACN
Accenture
1.05%$3.5240.00% -5.51% 37.52Upcoming Earnings
Analyst Report
High Trading Volume
Activision Blizzard logo
ATVI
Activision Blizzard
0.59%$0.4712.34% 36.67% 23.82
Aflac logo
AFL
Aflac
2.44%$1.3223.57% 28.74% 6.52High Trading Volume
Air Products and Chemicals logo
APD
Air Products and Chemicals
2.29%$6.0066.37% 41.05% 29.45
Albemarle logo
ALB
Albemarle
0.69%$1.5643.09% 20.31% 36.77Analyst Downgrade
Short Interest ↓
Analyst Revision
Alexandria Real Estate Equities logo
ARE
Alexandria Real Estate Equities
2.31%$4.48124.44% 22.90% 29.64Short Interest ↑
High Trading Volume
ALLETE logo
ALE
ALLETE
4.14%$2.5279.75% 15.42% 19.01High Trading Volume
Alliant Energy logo
LNT
Alliant Energy
2.78%$1.6162.40% 20.63% 23.22
Altria Group logo
MO
Altria Group
7.41%$3.6077.92% 33.86% 19.84Ex-Dividend
American Electric Power logo
AEP
American Electric Power
3.52%$2.96N/A -12.13% 17.86Analyst Report
News Coverage
High Trading Volume
American Equity Investment Life logo
AEL
American Equity Investment Life
1.08%$0.3210.36% 23.08% 3.20News Coverage
Gap Down
High Trading Volume
American Financial Group logo
AFG
American Financial Group
1.52%$2.0022.15% 43.69% 5.01Dividend Cut
High Trading Volume
American Financial Group logo
AFG
American Financial Group
1.52%$2.0022.15% 43.69% 5.01Dividend Cut
High Trading Volume
American States Water logo
AWR
American States Water
1.68%$1.4659.84% 28.77% 34.67Analyst Downgrade
Short Interest ↑
High Trading Volume
American Water Works logo
AWK
American Water Works
1.35%$2.4156.71% 32.72% 43.11High Trading Volume
Ameriprise Financial logo
AMP
Ameriprise Financial
1.68%$4.5220.78% 26.23% 30.81
AmerisourceBergen logo
ABC
AmerisourceBergen
1.43%$1.7619.11% 15.25% -6.70
Analog Devices logo
ADI
Analog Devices
1.61%$2.7643.06% 37.78% 37.53Short Interest ↓
High Trading Volume
Apartment Investment and Management logo
AIV
Apartment Investment and Management
15.20%$1.02-10,200.00% 38.09% -22.33Gap Up
Applied Industrial Technologies logo
AIT
Applied Industrial Technologies
1.58%$1.3227.85% 10.34% 22.68Short Interest ↑
Gap Up
High Trading Volume
AptarGroup logo
ATR
AptarGroup
1.25%$1.5238.38% 12.50% 31.99Analyst Revision
High Trading Volume
Archer-Daniels-Midland logo
ADM
Archer-Daniels-Midland
2.37%$1.4830.77% 12.50% 15.22High Trading Volume
Ashland Global logo
ASH
Ashland Global
1.33%$1.2025.42% 3.29% 30.79High Trading Volume
Assurant logo
AIZ
Assurant
1.64%$2.6426.32% 18.60% 21.21News Coverage
High Trading Volume
AT&T logo
T
AT&T
7.56%$2.0863.03% 6.12% -88.80Analyst Revision
News Coverage
Atlantic Union Bankshares logo
AUB
Atlantic Union Bankshares
3.28%$1.1234.15%N/A 10.74High Trading Volume
Atmos Energy logo
ATO
Atmos Energy
2.81%$2.5048.92% 28.07% 16.75Analyst Report
News Coverage
Atrion logo
ATRI
Atrion
1.07%$7.80N/A 46.67% 42.71Ex-Dividend
High Trading Volume
Automatic Data Processing logo
ADP
Automatic Data Processing
1.87%$3.7261.79% 56.41% 32.73Positive News
Avery Dennison logo
AVY
Avery Dennison
1.27%$2.7230.53% 34.09% 24.51Short Interest ↓
Gap Up
Avista logo
AVA
Avista
4.23%$1.6982.84% 13.29% 18.92High Trading Volume
AXIS Capital logo
AXS
AXIS Capital
3.65%$1.6833.27% 7.84% 14.84Analyst Downgrade
Options Volume
High Trading Volume
Badger Meter logo
BMI
Badger Meter
0.78%$0.8040.82% 42.86% 53.74Insider Selling
High Trading Volume
Balchem logo
BCPC
Balchem
0.41%$0.5817.96% 38.10% 50.73Short Interest ↑
High Trading Volume
BancFirst logo
BANF
BancFirst
2.40%$1.3626.98% 65.00% 12.84Insider Buying
High Trading Volume
Bank OZK logo
OZK
Bank OZK
2.80%$1.1427.08% 195.21% 10.02High Trading Volume
Becton, Dickinson and logo
BDX
Becton, Dickinson and
1.27%$3.3225.72% 8.84% 41.12Short Interest ↓
Positive News
High Trading Volume
Best Buy logo
BBY
Best Buy
2.55%$2.8035.40% 61.76% 11.19
Black Hills logo
BKH
Black Hills
3.46%$2.2657.95% 19.89% 17.44High Trading Volume
BlackRock logo
BLK
BlackRock
1.88%$16.5243.17% 45.20% 24.64High Trading Volume
BOK Financial logo
BOKF
BOK Financial
2.44%$2.0826.16% 15.82% 9.57Analyst Revision
High Trading Volume
Brady logo
BRC
Brady
1.78%$0.8833.21% 6.08% 19.98High Trading Volume
Bristol-Myers Squibb logo
BMY
Bristol-Myers Squibb
3.20%$1.9626.17% 46.79% -27.01Dividend Announcement
Broadcom logo
AVGO
Broadcom
2.85%$14.4052.21% 177.55% 37.54Insider Selling
High Trading Volume
Broadridge Financial Solutions logo
BR
Broadridge Financial Solutions
1.54%$2.5645.23% 60.43% 35.90Ex-Dividend
Brookfield Infrastructure Partners logo
BIP
Brookfield Infrastructure Partners
3.69%$2.04245.78% 14.51% 41.22Analyst Report
News Coverage
Brown & Brown logo
BRO
Brown & Brown
0.65%$0.3717.87% 25.23% 28.51High Trading Volume
Bryn Mawr Bank logo
BMTC
Bryn Mawr Bank
2.82%$1.1238.10% 23.26% 11.87News Coverage
High Trading Volume
C.H. Robinson Worldwide logo
CHRW
C.H. Robinson Worldwide
2.33%$2.0437.50% 12.71% 18.22High Trading Volume
California Water Service Group logo
CWT
California Water Service Group
1.57%$0.9250.00% 18.06% 19.92High Trading Volume
Cambridge Bancorp logo
CATC
Cambridge Bancorp
2.91%$2.4432.45% 13.98% 10.90Gap Down
High Trading Volume
Cardinal Health logo
CAH
Cardinal Health
3.73%$1.9635.19% 5.59% 25.40Short Interest ↑
High Trading Volume
Carlisle Companies logo
CSL
Carlisle Companies
1.08%$2.1623.87% 42.36% 32.19Analyst Revision
High Trading Volume
Casey's General Stores logo
CASY
Casey's General Stores
0.71%$1.3616.23% 28.00% 23.02Analyst Upgrade
High Trading Volume
Cass Information Systems logo
CASS
Cass Information Systems
2.51%$1.08N/A 16.13% 23.73Gap Down
High Trading Volume
Caterpillar logo
CAT
Caterpillar
2.22%$4.4443.49% 32.90% 25.06Short Interest ↓
Chemed logo
CHE
Chemed
0.30%$1.447.81% 22.22% 25.54News Coverage
High Trading Volume
Chesapeake Utilities logo
CPK
Chesapeake Utilities
1.54%$1.9241.11% 34.77% 27.31Ex-Dividend
Analyst Upgrade
High Trading Volume
Chevron logo
CVX
Chevron
5.54%$5.3678.48% 19.44% 51.74Analyst Report
Chubb logo
CB
Chubb
1.77%$3.2025.50% 9.57% 9.98High Trading Volume
Church & Dwight logo
CHD
Church & Dwight
1.21%$1.0133.67% 26.32% 26.20
Churchill Downs logo
CHDN
Churchill Downs
0.27%$0.6210.00% 22.76% 43.81Analyst Report
High Trading Volume
Cincinnati Financial logo
CINF
Cincinnati Financial
2.16%$2.5245.49% 20.00% 6.62
Cintas logo
CTAS
Cintas
0.97%$3.8037.11% 116.67% 38.37Analyst Report
High Trading Volume
CME Group logo
CME
CME Group
1.91%$3.6053.65% -3.91% 35.26Analyst Upgrade
News Coverage
CMS Energy logo
CMS
CMS Energy
2.82%$1.7463.97% 22.56% 19.70Analyst Report
News Coverage
Cohen & Steers logo
CNS
Cohen & Steers
2.06%$1.8049.45% 39.29% 34.61High Trading Volume
Colgate-Palmolive logo
CL
Colgate-Palmolive
2.36%$1.8055.73% 10.06% 23.90Dividend Announcement
Short Interest ↓
Comcast logo
CMCSA
Comcast
1.75%$1.0032.15% 90.48% 21.31
Comerica logo
CMA
Comerica
3.67%$2.7234.69% 149.54% 9.64Ex-Dividend
Analyst Revision
High Trading Volume
Commerce Bancshares logo
CBSH
Commerce Bancshares
1.58%$1.0524.03% 20.00% 14.30High Trading Volume
Community Bank System logo
CBU
Community Bank System
2.56%$1.7250.15% 25.76% 19.18Ex-Dividend
News Coverage
High Trading Volume
Community Trust Bancorp logo
CTBI
Community Trust Bancorp
4.08%$1.6032.79% 17.69% 8.64Ex-Dividend
News Coverage
Positive News
High Trading Volume
Consolidated Edison logo
ED
Consolidated Edison
4.24%$3.1072.94% 10.87% 22.14Analyst Report
High Trading Volume
Core-Mark logo
CORE
Core-Mark
1.14%$0.5225.62% 32.43% 31.27High Trading Volume
Corning logo
GLW
Corning
2.50%$0.9645.07% 41.94% 38.01
Costco Wholesale logo
COST
Costco Wholesale
0.69%$3.1629.40% 41.03% 43.19Upcoming Earnings
Analyst Report
Analyst Revision
CSX logo
CSX
CSX
1.22%$0.3724.67% 33.33% 20.48Analyst Downgrade
High Trading Volume
CubeSmart logo
CUBE
CubeSmart
2.62%$1.36138.78% 19.82% 56.93High Trading Volume
Cullen/Frost Bankers logo
CFR
Cullen/Frost Bankers
2.70%$3.0046.01% 26.67% 17.25Analyst Revision
High Trading Volume
Cummins logo
CMI
Cummins
2.55%$5.8035.76% 25.49% 15.29
Digital Realty Trust logo
DLR
Digital Realty Trust
2.96%$4.64208.07% 20.43% 87.60Ex-Dividend
Analyst Report
Analyst Revision
Dillard's logo
DDS
Dillard's
0.30%$0.602.39% 76.47% 9.73High Trading Volume
Discover Financial Services logo
DFS
Discover Financial Services
1.62%$2.0011.91% 35.38% 7.91Analyst Report
Analyst Revision
News Coverage
Donaldson logo
DCI
Donaldson
1.46%$0.8837.93% 18.31% 26.91High Trading Volume
Douglas Dynamics logo
PLOW
Douglas Dynamics
3.11%$1.1458.46% 16.67% 20.38Short Interest ↑
High Trading Volume
Douglas Emmett logo
DEI
Douglas Emmett
3.48%$1.12361.29% 19.15% 119.30Dividend Announcement
High Trading Volume
Dover logo
DOV
Dover
1.23%$2.0026.63% 8.24% 26.84
DTE Energy logo
DTE
DTE Energy
3.81%$4.3474.70% 22.78% 16.64Analyst Upgrade
News Coverage
Gap Up
High Trading Volume
Duke Energy logo
DUK
Duke Energy
3.95%$3.9475.48% 9.46% 26.02Analyst Report
High Trading Volume
Eastman Chemical logo
EMN
Eastman Chemical
2.68%$2.7630.20% 27.75% 44.24Ex-Dividend
Analyst Revision
High Trading Volume
Ecolab logo
ECL
Ecolab
0.88%$1.9238.25% 24.34% 59.98Analyst Report
Insider Selling
Analyst Revision
News Coverage
High Trading Volume
Edison International logo
EIX
Edison International
4.59%$2.6558.63% 15.34% 26.86Analyst Report
News Coverage
Emerson Electric logo
EMR
Emerson Electric
2.09%$2.0249.63% 4.16% 24.67
Enterprise Products Partners logo
EPD
Enterprise Products Partners
8.18%$1.8091.37% 6.75% 12.64
Equity LifeStyle Properties logo
ELS
Equity LifeStyle Properties
1.77%$1.45107.41% -29.74% 61.93High Trading Volume
Essential Utilities logo
WTRG
Essential Utilities
2.30%$1.0763.69%N/A 27.98High Trading Volume
Essex Property Trust logo
ESS
Essex Property Trust
2.59%$8.36150.90% 18.71% 52.11Dividend Announcement
Evercore logo
EVR
Evercore
1.97%$2.7221.32% 65.49% 11.06
Evergy logo
EVRG
Evergy
3.33%$2.1463.88%N/A 18.50Analyst Downgrade
High Trading Volume
Eversource Energy logo
ES
Eversource Energy
2.89%$2.4162.92% 19.47% 22.95Analyst Report
News Coverage
High Trading Volume
Expeditors International of Washington logo
EXPD
Expeditors International of Washington
0.94%$1.1617.03% 23.81% 21.37
Exxon Mobil logo
XOM
Exxon Mobil
6.31%$3.4881.12% 13.73% -17.74
FactSet Research Systems logo
FDS
FactSet Research Systems
0.87%$3.28N/AN/A 37.71High Trading Volume
Fastenal logo
FAST
Fastenal
2.11%$1.1271.79% 56.25% 35.07
Federal Realty Investment Trust logo
FRT
Federal Realty Investment Trust
3.55%$4.24203.85% 6.57% 60.25Positive News
Fifth Third Bancorp logo
FITB
Fifth Third Bancorp
2.69%$1.0829.83% 80.00% 11.70Dividend Increase
Analyst Revision
News Coverage
High Trading Volume
Financial Institutions logo
FISI
Financial Institutions
3.65%$1.0825.53% 22.35% 7.21High Trading Volume
First Financial Bankshares logo
FFIN
First Financial Bankshares
1.34%$0.6038.71% 36.00% 28.44Insider Buying
News Coverage
High Trading Volume
First Financial logo
THFF
First Financial
2.68%$1.0623.82% 4.00% 9.07High Trading Volume
Flowers Foods logo
FLO
Flowers Foods
3.61%$0.8470.59% 17.91% 21.73News Coverage
High Trading Volume
Franklin Electric logo
FELE
Franklin Electric
0.86%$0.7023.10% 46.75% 29.07Short Interest ↓
Positive News
High Trading Volume
Franklin Resources logo
BEN
Franklin Resources
3.57%$1.1233.63% 31.33% 12.95
GATX logo
GATX
GATX
2.31%$2.0044.84% 14.29% 28.63Ex-Dividend
High Trading Volume
General Dynamics logo
GD
General Dynamics
2.44%$4.7641.39% 31.71% 17.00High Trading Volume
Gentex logo
GNTX
Gentex
1.49%$0.4826.23% 25.00% 17.15High Trading Volume
Genuine Parts logo
GPC
Genuine Parts
2.67%$3.2650.94% 17.04% 21.75
Globe Life logo
GL
Globe Life
0.88%$0.7910.69%N/A 12.27Analyst Downgrade
High Trading Volume
Graco logo
GGG
Graco
1.00%$0.7530.00% 45.83% 29.36High Trading Volume
H.B. Fuller logo
FUL
H.B. Fuller
1.10%$0.6719.31% 9.75% 20.11Upcoming Earnings
Gap Up
High Trading Volume
Hasbro logo
HAS
Hasbro
2.79%$2.7256.43% 22.52% 32.08
Hawkins logo
HWKN
Hawkins
1.53%$0.5221.58% 8.14% 15.62Short Interest ↑
High Trading Volume
Healthcare Services Group logo
HCSG
Healthcare Services Group
3.28%$0.8376.15% 7.97% 21.06High Trading Volume
HEICO logo
HEI
HEICO
0.14%$0.188.29% 212.50% 62.69High Trading Volume
Hillenbrand logo
HI
Hillenbrand
2.06%$0.8623.31% 3.65% 16.81Analyst Upgrade
Short Interest ↑
News Coverage
High Trading Volume
Hill-Rom logo
HRC
Hill-Rom
0.64%$0.9615.74% 22.22% 42.39Options Volume
High Trading Volume
Hingham Institution for Savings logo
HIFS
Hingham Institution for Savings
0.60%$2.04N/A 67.69% 10.72High Trading Volume
HNI logo
HNI
HNI
3.32%$1.2451.88% 7.96% 19.07Short Interest ↑
High Trading Volume
Holly Energy Partners logo
HEP
Holly Energy Partners
7.77%$1.4074.47% -31.24% 10.01Analyst Upgrade
Gap Up
Home Bancshares, Inc. (Conway, AR) logo
HOMB
Home Bancshares, Inc. (Conway, AR)
2.51%$0.5630.77% 32.50% 11.43News Coverage
High Trading Volume
Honeywell International logo
HON
Honeywell International
1.70%$3.7245.93% 32.48% 30.99
Horace Mann Educators logo
HMN
Horace Mann Educators
3.13%$1.2433.70% 9.09% 9.82High Trading Volume
Hormel Foods logo
HRL
Hormel Foods
2.33%$0.9857.99% 36.76% 26.60High Trading Volume
HP logo
HPQ
HP
2.82%$0.7820.91% 34.43% 8.60Short Interest ↑
Hubbell logo
HUBB
Hubbell
2.11%$3.9245.06% 29.27% 28.10News Coverage
High Trading Volume
IDEX logo
IEX
IDEX
1.00%$2.1634.12% 37.93% 39.16
Illinois Tool Works logo
ITW
Illinois Tool Works
2.11%$4.5651.82% 54.55% 25.67High Trading Volume
Independent Bank logo
INDB
Independent Bank
2.68%$1.9242.76% 43.75% 15.86Dividend Announcement
News Coverage
High Trading Volume
Ingredion logo
INGR
Ingredion
2.91%$2.5638.50% 15.45% 43.49High Trading Volume
Insperity logo
NSP
Insperity
1.70%$1.8041.47% 178.26% 37.05High Trading Volume
International Bancshares logo
IBOC
International Bancshares
2.99%$1.20N/A 66.67% 10.86News Coverage
High Trading Volume
International Business Machines logo
IBM
International Business Machines
4.85%$6.5661.02% 10.34% 22.80
International Flavors & Fragrances logo
IFF
International Flavors & Fragrances
2.28%$3.0852.38% 14.29% 110.83News Coverage
Gap Up
International Paper logo
IP
International Paper
3.62%$2.0542.53% 10.07% 19.65Insider Selling
Iron Mountain logo
IRM
Iron Mountain
5.50%$2.47157.32% 10.57% 21.38Ex-Dividend
ITT logo
ITT
ITT
1.01%$0.8821.89% 32.03% 118.12Insider Selling
High Trading Volume
J & J Snack Foods logo
JJSF
J & J Snack Foods
1.64%$2.5379.31% 34.50% 67.90High Trading Volume
J.B. Hunt Transport Services logo
JBHT
J.B. Hunt Transport Services
0.71%$1.2017.94% 17.39% 30.13
Jack Henry & Associates logo
JKHY
Jack Henry & Associates
1.09%$1.8444.66% 38.71% 40.96
Johnson & Johnson logo
JNJ
Johnson & Johnson
2.57%$4.2443.62% 19.88% 24.77
Kellogg logo
K
Kellogg
3.65%$2.3256.45% 7.55% 16.81
KeyCorp logo
KEY
KeyCorp
3.56%$0.7430.71% 94.74% 8.95Analyst Revision
Kimberly-Clark logo
KMB
Kimberly-Clark
3.37%$4.5667.66% 10.31% 23.03High Trading Volume
KLA logo
KLAC
KLA
1.14%$4.2028.87% 54.87% 27.62Analyst Upgrade
Short Interest ↑
L3Harris Technologies logo
LHX
L3Harris Technologies
1.83%$4.0831.31%N/A 31.11Insider Selling
High Trading Volume
Lakeland Bancorp logo
LBAI
Lakeland Bancorp
3.23%$0.5430.68% 26.58% 10.25Analyst Downgrade
High Trading Volume
Lancaster Colony logo
LANC
Lancaster Colony
1.77%$3.0048.31% 26.67% 32.85High Trading Volume
Lazard logo
LAZ
Lazard
3.98%$1.8841.69% 16.77% 11.43
Leggett & Platt logo
LEG
Leggett & Platt
3.64%$1.6858.74% 12.68% 15.44Ex-Dividend
High Trading Volume
Lennox International logo
LII
Lennox International
1.20%$3.6827.88% 57.14% 23.49Dividend Announcement
News Coverage
High Trading Volume
Lincoln Electric logo
LECO
Lincoln Electric
1.54%$2.0433.01% 37.50% 27.15High Trading Volume
Lincoln National logo
LNC
Lincoln National
2.49%$1.6816.29% 37.93% 9.32Analyst Revision
News Coverage
High Trading Volume
Lindsay logo
LNN
Lindsay
0.85%$1.3230.70% 7.63% 32.98High Trading Volume
Lithia Motors logo
LAD
Lithia Motors
0.42%$1.404.21% 15.09% 11.07
Littelfuse logo
LFUS
Littelfuse
0.76%$2.1217.74% 37.14% 27.14Analyst Report
Gap Down
High Trading Volume
Lockheed Martin logo
LMT
Lockheed Martin
3.05%$10.4041.42% 31.37% 13.37News Coverage
Lowe's Companies logo
LOW
Lowe's Companies
1.53%$3.2028.37% 48.03% 21.57Short Interest ↑
Magellan Midstream Partners logo
MMP
Magellan Midstream Partners
8.65%$4.1197.16% 16.68% 11.85
ManpowerGroup logo
MAN
ManpowerGroup
2.28%$2.5235.59% 21.51% 23.86Analyst Downgrade
Gap Down
High Trading Volume
MarketAxess logo
MKTX
MarketAxess
0.62%$2.6435.63% 81.82% 56.27Analyst Report
Marsh & McLennan Companies logo
MMC
Marsh & McLennan Companies
1.37%$2.1435.20% 28.67% 32.06High Trading Volume
Matthews International logo
MATW
Matthews International
2.54%$0.8626.38% 20.71% 76.91Gap Down
High Trading Volume
McCormick & Company, Incorporated logo
MKC
McCormick & Company, Incorporated
1.58%$1.3644.88% 13.99% 30.98Analyst Report
News Coverage
McDonald's logo
MCD
McDonald's
2.13%$5.1657.08% 31.59% 26.39
McGrath RentCorp logo
MGRC
McGrath RentCorp
2.46%$1.7442.44% 57.97% 17.82Dividend Announcement
News Coverage
High Trading Volume
McKesson logo
MCK
McKesson
0.90%$1.8810.92% 33.87% -7.35Insider Selling
Short Interest ↓
News Coverage
High Trading Volume
MDU Resources Group logo
MDU
MDU Resources Group
2.84%$0.8540.09% 7.74% 14.41Short Interest ↓
High Trading Volume
Medtronic logo
MDT
Medtronic
1.94%$2.5256.76% 25.97% 45.35
Merck & Co., Inc. logo
MRK
Merck & Co., Inc.
3.63%$2.6046.68% 31.22% 32.73Ex-Dividend
News Coverage
High Trading Volume
Mercury General logo
MCY
Mercury General
4.43%$2.5366.23% 1.20% 6.30Positive News
MGE Energy logo
MGEE
MGE Energy
2.02%$1.5553.45% 14.68% 26.26Analyst Report
News Coverage
High Trading Volume
Microchip Technology logo
MCHP
Microchip Technology
1.09%$1.7526.56% 1.66% 94.77Analyst Report
Short Interest ↓
High Trading Volume
Microsoft logo
MSFT
Microsoft
0.75%$2.2428.11% 31.45% 37.25Dividend Increase
Analyst Report
Mid-America Apartment Communities logo
MAA
Mid-America Apartment Communities
2.19%$4.10113.26% -13.79% 53.26Ex-Dividend
Middlesex Water logo
MSEX
Middlesex Water
1.03%$1.0947.19% 21.43% 48.06Short Interest ↓
News Coverage
Positive News
High Trading Volume
Monro logo
MNRO
Monro
1.85%$1.0491.23% 23.94% 40.35News Coverage
High Trading Volume
Moody's logo
MCO
Moody's
0.67%$2.4820.89% 47.37% 33.33Gap Up
Morningstar logo
MORN
Morningstar
0.46%$1.26N/A 64.67% 49.89Insider Selling
High Trading Volume
MSA Safety logo
MSA
MSA Safety
1.16%$1.7637.53% 23.91% 58.71Insider Selling
News Coverage
High Trading Volume
MSC Industrial Direct logo
MSM
MSC Industrial Direct
3.81%$3.0062.11% 63.93% 21.71News Coverage
High Trading Volume
National Fuel Gas logo
NFG
National Fuel Gas
3.56%$1.8245.16% 7.27% 36.05Dividend Announcement
News Coverage
High Trading Volume
National Health Investors logo
NHI
National Health Investors
6.33%$3.6098.63% 16.05% 16.68Short Interest ↑
High Trading Volume
National HealthCare logo
NHC
National HealthCare
3.02%$2.08N/A 10.05% 6.38High Trading Volume
National Retail Properties logo
NNN
National Retail Properties
4.74%$2.12142.28% 11.29% 33.86Analyst Report
Analyst Revision
High Trading Volume
Neenah logo
NP
Neenah
4.14%$1.8868.86% 27.03% -206.64Short Interest ↑
High Trading Volume
New Jersey Resources logo
NJR
New Jersey Resources
3.81%$1.3361.86% 22.27% 20.79High Trading Volume
NextEra Energy logo
NEE
NextEra Energy
1.89%$1.5461.11% 42.49% 51.18Analyst Report
Insider Selling
News Coverage
NIKE logo
NKE
NIKE
0.70%$1.1030.90% 36.49% 43.94Upcoming Earnings
Analyst Report
Nordson logo
NDSN
Nordson
0.84%$2.0426.05% 35.09% 39.20High Trading Volume
Northrop Grumman logo
NOC
Northrop Grumman
1.79%$6.2825.26% 45.38% 12.64High Trading Volume
Northwest Bancshares logo
NWBI
Northwest Bancshares
6.25%$0.8082.47% 18.75% 10.00High Trading Volume
Northwest Natural logo
NWN
Northwest Natural
4.00%$1.9275.59% 1.59% 15.83High Trading Volume
NorthWestern logo
NWE
NorthWestern
4.12%$2.48N/AN/A 16.71Ex-Dividend
Insider Selling
Gap Up
High Trading Volume
Nu Skin Enterprises logo
NUS
Nu Skin Enterprises
3.49%$1.5234.16% 4.17% 9.60News Coverage
Gap Down
High Trading Volume
Nucor logo
NUE
Nucor
1.54%$1.628.19% 6.61% 10.42Dividend Announcement
Analyst Report
News Coverage
Gap Up
High Trading Volume
Occidental Petroleum logo
OXY
Occidental Petroleum
0.15%$0.044.21% -73.20% -4.54
OGE Energy logo
OGE
OGE Energy
4.77%$1.6172.52% 26.21% 17.04
Old Republic International logo
ORI
Old Republic International
3.83%$0.8833.85% 10.53% 4.34Ex-Dividend
High Trading Volume
Omega Healthcare Investors logo
OHI
Omega Healthcare Investors
8.41%$2.68139.58% 5.51% 34.64
ONEOK logo
OKE
ONEOK
6.78%$3.74114.37% 37.50% 18.27
Oracle logo
ORCL
Oracle
1.48%$1.2827.41% 33.33% 18.90Earnings Report
Dividend Announcement
Analyst Report
Analyst Revision
High Trading Volume
Packaging Co. of America logo
PKG
Packaging Co. of America
2.84%$4.0047.90% 33.73% 21.11Ex-Dividend
High Trading Volume
Paychex logo
PAYX
Paychex
2.43%$2.6486.84% 29.17% 35.78High Trading Volume
PepsiCo logo
PEP
PepsiCo
2.79%$4.3069.02% 26.99% 26.04
Perrigo logo
PRGO
Perrigo
2.18%$0.9638.25% 40.63% -17.10Short Interest ↓
High Trading Volume
PetMed Express logo
PETS
PetMed Express
4.46%$1.2078.95% 40.51% 19.77
Pfizer logo
PFE
Pfizer
3.55%$1.5638.61% -10.94% 18.84Analyst Report
Philip Morris International logo
PM
Philip Morris International
4.71%$4.8078.69% 12.32% 17.90Dividend Increase
Analyst Revision
News Coverage
High Trading Volume
Polaris logo
PII
Polaris
2.11%$2.5226.36% 6.90% 11.46High Trading Volume
Pool logo
POOL
Pool
0.69%$3.2022.96% 61.27% 35.26
Portland General Electric logo
POR
Portland General Electric
3.54%$1.7262.55% 18.28% 26.82Analyst Downgrade
Gap Up
High Trading Volume
PPG Industries logo
PPG
PPG Industries
1.61%$2.3631.22% 23.53% 23.00
PPL logo
PPL
PPL
5.79%$1.66136.07% 5.06% -17.81Analyst Report
Primerica logo
PRI
Primerica
1.26%$1.8816.01% 105.13% 13.56Analyst Upgrade
High Trading Volume
Principal Financial Group logo
PFG
Principal Financial Group
3.87%$2.5238.83% 19.79% 11.35
Prosperity Bancshares logo
PB
Prosperity Bancshares
2.97%$1.9635.19% 35.51% 11.52Ex-Dividend
Analyst Revision
High Trading Volume
Prudential Financial logo
PRU
Prudential Financial
4.46%$4.6034.15% 46.67% 5.70Analyst Report
Analyst Revision
News Coverage
High Trading Volume
Quaker Chemical logo
KWR
Quaker Chemical
0.66%$1.5821.88% 10.71% 28.96High Trading Volume
QUALCOMM logo
QCOM
QUALCOMM
2.04%$2.7232.89% 14.73% 16.70
Raymond James logo
RJF
Raymond James
1.17%$1.5615.73% 68.18% 15.88Dividend Announcement
Raytheon Technologies logo
RTX
Raytheon Technologies
2.45%$2.0450.25%N/A 57.91High Trading Volume
Realty Income logo
O
Realty Income
4.18%$2.83196.53% 10.41% 68.36Dividend Increase
Analyst Report
News Coverage
High Trading Volume
Regal Beloit logo
RBC
Regal Beloit
0.93%$1.3214.86% 17.65% 22.40Gap Up
High Trading Volume
Reinsurance Group of America logo
RGA
Reinsurance Group of America
2.63%$2.9232.23% 53.85% 9.18Short Interest ↑
Negative News
Reliance Steel & Aluminum logo
RS
Reliance Steel & Aluminum
1.91%$2.7514.73% 38.89% 11.33Analyst Upgrade
Short Interest ↓
News Coverage
High Trading Volume
RenaissanceRe logo
RNR
RenaissanceRe
1.00%$1.4412.82% 9.38% 17.65Ex-Dividend
High Trading Volume
Republic Services logo
RSG
Republic Services
1.38%$1.7042.08% 24.81% 35.17High Trading Volume
Resources Connection logo
RGP
Resources Connection
3.81%$0.56N/AN/A 19.33Short Interest ↓
Gap Up
High Trading Volume
RLI logo
RLI
RLI
0.97%$1.0028.90% 14.46% 16.65News Coverage
High Trading Volume
Robert Half International logo
RHI
Robert Half International
1.50%$1.5230.34% 41.67% 26.46
Rockwell Automation logo
ROK
Rockwell Automation
1.37%$4.2845.92% 32.58% 23.66
Roper Technologies logo
ROP
Roper Technologies
0.48%$2.2514.79% 46.43% 46.48
Royal Gold logo
RGLD
Royal Gold
1.15%$1.2033.43% 16.67% 22.74High Trading Volume
RPM International logo
RPM
RPM International
1.93%$1.5236.54% 19.67% 20.37High Trading Volume
Ryder System logo
R
Ryder System
2.95%$2.3231.31% 24.44% 16.10Short Interest ↑
S&P Global logo
SPGI
S&P Global
0.69%$3.0823.44% 63.41% 43.85Analyst Report
Analyst Revision
Sandy Spring Bancorp logo
SASR
Sandy Spring Bancorp
2.92%$1.2826.02% 15.38% 8.94News Coverage
High Trading Volume
SEI Investments logo
SEIC
SEI Investments
1.24%$0.7419.89% 24.14% 17.38High Trading Volume
Sempra Energy logo
SRE
Sempra Energy
3.30%$4.4054.12% 27.05% 19.39Analyst Report
High Trading Volume
Sensient Technologies logo
SXT
Sensient Technologies
1.71%$1.5650.49% 26.83% 33.48Insider Buying
Positive News
Gap Up
High Trading Volume
Service Co. International logo
SCI
Service Co. International
1.49%$0.9227.46% 34.48% 14.99Ex-Dividend
Short Interest ↓
Silgan logo
SLGN
Silgan
1.42%$0.5616.57% 33.33% 12.90Analyst Report
Analyst Revision
News Coverage
Gap Up
High Trading Volume
SJW Group logo
SJW
SJW Group
2.07%$1.3670.83% 47.13% 30.52High Trading Volume
Snap-on logo
SNA
Snap-on
2.30%$4.9234.65% 51.53% 14.87Analyst Downgrade
Sonoco Products logo
SON
Sonoco Products
2.99%$1.8050.56% 11.69% -31.19News Coverage
High Trading Volume
South Jersey Industries logo
SJI
South Jersey Industries
5.32%$1.2174.69% 8.20% 23.21Analyst Report
News Coverage
Southside Bancshares logo
SBSI
Southside Bancshares
3.61%$1.3243.85% 14.68% 10.77High Trading Volume
Southwest Gas logo
SWX
Southwest Gas
3.50%$2.3857.35% -12.92% 14.79High Trading Volume
SpartanNash logo
SPTN
SpartanNash
3.87%$0.8044.69% 16.67% 10.82Ex-Dividend
High Trading Volume
Spire logo
SR
Spire
4.16%$2.6058.43% 17.78% 13.08Analyst Report
High Trading Volume
Standex International logo
SXI
Standex International
0.98%$0.9620.87% 36.36% 32.89Analyst Report
Short Interest ↑
News Coverage
High Trading Volume
Stanley Black & Decker logo
SWK
Stanley Black & Decker
1.70%$3.1627.22% 14.88% 16.76Positive News
Starbucks logo
SBUX
Starbucks
1.59%$1.8055.38% 60.00% 47.45
State Street logo
STT
State Street
2.45%$2.0828.18% 30.00% 13.51News Coverage
Gap Up
High Trading Volume
STERIS logo
STE
STERIS
0.80%$1.7227.88% 30.51% 64.40High Trading Volume
Stock Yards Bancorp logo
SYBT
Stock Yards Bancorp
2.07%$1.0838.57% 35.00% 20.26Insider Selling
High Trading Volume
Stryker logo
SYK
Stryker
0.92%$2.5226.98% 34.96% 50.01Analyst Report
High Trading Volume
Sysco logo
SYY
Sysco
2.47%$1.88130.56% 36.36% 75.34Dividend Announcement
Analyst Upgrade
T. Rowe Price Group logo
TROW
T. Rowe Price Group
2.02%$4.3233.36% 57.89% 16.83Ex-Dividend
Target logo
TGT
Target
1.46%$3.6027.73% -18.03% 19.64
TE Connectivity logo
TEL
TE Connectivity
1.41%$2.0030.86% 21.02% 27.92
Telephone and Data Systems logo
TDS
Telephone and Data Systems
3.53%$0.7066.67% 9.68% 13.87Ex-Dividend
Tennant logo
TNC
Tennant
1.28%$0.9221.15% 5.95% 27.24High Trading Volume
Texas Instruments logo
TXN
Texas Instruments
2.08%$4.0851.78% 75.47% 27.37Dividend Increase
News Coverage
The Allstate logo
ALL
The Allstate
2.47%$3.2420.40% 45.95% 10.33Analyst Report
Short Interest ↑
Analyst Revision
News Coverage
The Andersons logo
ANDE
The Andersons
2.39%$0.7029.79% 8.53% 13.32High Trading Volume
The Bank of New York Mellon logo
BK
The Bank of New York Mellon
2.66%$1.3633.17% 44.19% 13.22Analyst Report
High Trading Volume
The Clorox logo
CLX
The Clorox
2.79%$4.6464.00% 32.32% 29.98
The Coca-Cola logo
KO
The Coca-Cola
3.09%$1.6874.34% 10.81% 29.11Ex-Dividend
News Coverage
High Trading Volume
The Ensign Group logo
ENSG
The Ensign Group
0.27%$0.215.80% 17.39% 23.49Dividend Cut
Gap Up
High Trading Volume
The First of Long Island logo
FLIC
The First of Long Island
3.80%$0.7641.53% 25.86% 10.86Short Interest ↓
High Trading Volume
The Gorman-Rupp logo
GRC
The Gorman-Rupp
1.68%$0.6248.06% 25.53% 33.84High Trading Volume
The Hanover Insurance Group logo
THG
The Hanover Insurance Group
2.14%$2.8028.93% 29.90% 9.62High Trading Volume
The Hershey logo
HSY
The Hershey
2.06%$3.6052.17% 23.78% 25.45
The J. M. Smucker logo
SJM
The J. M. Smucker
3.22%$3.9643.42% 16.34% 17.30Analyst Revision
The Kroger logo
KR
The Kroger
2.05%$0.8427.45% 38.78% 27.48Dividend Announcement
Insider Selling
Analyst Revision
High Trading Volume
The PNC Financial Services Group logo
PNC
The PNC Financial Services Group
2.65%$5.0036.85% 76.92% 14.33Analyst Revision
News Coverage
The Procter & Gamble logo
PG
The Procter & Gamble
2.41%$3.4861.48% 13.87% 26.29High Trading Volume
The Scotts Miracle-Gro logo
SMG
The Scotts Miracle-Gro
1.86%$2.6428.54% 16.50% 14.42Analyst Report
High Trading Volume
The Sherwin-Williams logo
SHW
The Sherwin-Williams
0.75%$2.2023.40% 57.65% 36.86Insider Selling
The Southern logo
SO
The Southern
4.12%$2.6479.04% 10.43% 21.60Analyst Report
News Coverage
High Trading Volume
The Toro logo
TTC
The Toro
1.02%$1.0529.49% 39.66% 26.51High Trading Volume
The Travelers Companies logo
TRV
The Travelers Companies
2.25%$3.5228.69% 19.08% 10.52High Trading Volume
The York Water logo
YORW
The York Water
1.69%$0.7557.69% 12.48% 35.02High Trading Volume
Thor Industries logo
THO
Thor Industries
1.49%$1.6415.57% 15.71% 11.15Analyst Report
Analyst Revision
Tompkins Financial logo
TMP
Tompkins Financial
2.77%$2.1635.01% 15.38% 11.98Gap Down
High Trading Volume
Tootsie Roll Industries logo
TR
Tootsie Roll Industries
1.16%$0.36N/AN/A 35.18
Tractor Supply logo
TSCO
Tractor Supply
1.00%$2.0826.10% 42.86% 27.58Analyst Downgrade
Insider Selling
Trane Technologies logo
TT
Trane Technologies
1.28%$2.3638.75%N/A 33.24High Trading Volume
Trinity Industries logo
TRN
Trinity Industries
3.13%$0.84133.33% 58.33% -34.83Buyback Announcement
High Trading Volume
Truist Financial logo
TFC
Truist Financial
3.47%$1.9263.37%N/A 14.45News Coverage
High Trading Volume
U.S. Bancorp logo
USB
U.S. Bancorp
2.95%$1.6833.53% 44.83% 12.21Dividend Increase
Analyst Revision
UDR logo
UDR
UDR
2.73%$1.451,208.33% 16.12% 1,063.81Dividend Announcement
High Trading Volume
UGI logo
UGI
UGI
3.22%$1.3845.54% 33.16% 9.49Ex-Dividend
Short Interest ↑
High Trading Volume
UMB Financial logo
UMBF
UMB Financial
1.64%$1.4820.64% 20.19% 10.67Short Interest ↓
Positive News
High Trading Volume
Union Pacific logo
UNP
Union Pacific
2.12%$4.2842.63% 56.45% 22.95Analyst Report
High Trading Volume
United Bankshares logo
UBSI
United Bankshares
4.24%$1.4052.43% 5.26% 10.77High Trading Volume
United Parcel Service logo
UPS
United Parcel Service
2.15%$4.0836.43% 21.69% 27.11
UnitedHealth Group logo
UNH
UnitedHealth Group
1.38%$5.8030.93% 68.00% 27.75Insider Selling
Universal logo
UVV
Universal
6.51%$3.12N/A 41.67% 13.77High Trading Volume
Universal Health Realty Income Trust logo
UHT
Universal Health Realty Income Trust
4.98%$2.80N/A 4.55% 34.52High Trading Volume
Unum Group logo
UNM
Unum Group
4.94%$1.2024.79% 32.56% 7.08News Coverage
Gap Up
High Trading Volume
V.F. logo
VFC
V.F.
2.82%$1.96149.62% 12.21% 26.85
Verizon Communications logo
VZ
Verizon Communications
4.62%$2.5147.27% 6.46% 11.24
Visa logo
V
Visa
0.58%$1.2822.03% 76.81% 44.80
W. P. Carey logo
WPC
W. P. Carey
5.51%$4.20204.88% 4.04% 29.67Dividend Increase
Analyst Report
Analyst Revision
News Coverage
High Trading Volume
W. R. Berkley logo
WRB
W. R. Berkley
0.72%$0.5211.76% 28.18% 14.50Ex-Dividend
High Trading Volume
W.W. Grainger logo
GWW
W.W. Grainger
1.61%$6.4833.75% 17.39% 24.72
Walgreens Boots Alliance logo
WBA
Walgreens Boots Alliance
3.85%$1.9140.04% 19.35% 18.80Short Interest ↑
News Coverage
Walmart logo
WMT
Walmart
1.52%$2.2040.15% 5.88% 40.77Insider Selling
High Trading Volume
Washington Federal logo
WAFD
Washington Federal
2.79%$0.9239.83% 46.67% 15.46Analyst Downgrade
High Trading Volume
Washington Trust Bancorp logo
WASH
Washington Trust Bancorp
4.06%$2.0851.23% 33.12% 11.92Dividend Announcement
News Coverage
High Trading Volume
Waste Management logo
WM
Waste Management
1.51%$2.3046.28% 28.24% 40.50
WD-40 logo
WDFC
WD-40
1.27%$2.8850.26% 36.73% 38.54High Trading Volume
Webster Financial logo
WBS
Webster Financial
3.29%$1.6034.63% 55.34% 13.64News Coverage
High Trading Volume
WEC Energy Group logo
WEC
WEC Energy Group
2.99%$2.7166.91% 21.63% 22.24
WesBanco logo
WSBC
WesBanco
4.22%$1.3237.93% 23.08% 9.14Short Interest ↑
High Trading Volume
West Pharmaceutical Services logo
WST
West Pharmaceutical Services
0.15%$0.688.28% 22.64% 65.59Insider Selling
Westamerica Bancorporation logo
WABC
Westamerica Bancorporation
2.97%$1.6452.06% 4.46% 17.13News Coverage
High Trading Volume
Westlake Chemical logo
WLK
Westlake Chemical
1.39%$1.199.66% 32.93% 11.85Analyst Revision
High Trading Volume
Whirlpool logo
WHR
Whirlpool
2.66%$5.6021.20% 12.79% 7.02
Williams-Sonoma logo
WSM
Williams-Sonoma
1.27%$2.3617.74% 27.92% 14.75Analyst Report
Insider Selling
Worthington Industries logo
WOR
Worthington Industries
2.09%$1.1220.51% 19.51% 4.05Ex-Dividend
Analyst Downgrade
High Trading Volume
Xcel Energy logo
XEL
Xcel Energy
2.86%$1.8361.41% 19.44% 21.84Ex-Dividend
High Trading Volume
Why Invest in Dividend Achievers?

Summary - Dividend achievers are companies who have increased their dividend payout for 10 consecutive years while meeting market liquidity requirements. Dividend achievers fall into a special category of companies that make issuing, and growing, dividend payments a priority. In turn, investors and analysts typically regard these companies as being strong and financially stable.

When companies issue their quarterly earnings reports, there are metrics like earnings per share (EPS) and revenues that can be manipulated. And even numbers on a company’s balance sheet can be misleading because it is only as accurate as the company’s income statement – which at times can be misleading.

On the other hand, dividend payouts represent extra cash that a company has left over after they have met their short-term liabilities. This means that dividends are distributions of profit. When a company has extra cash they can either put it back into the business, use it for growth initiatives, or return it to shareholders either through dividends or share buybacks. By issuing a dividend and particularly when they show a commitment to increasing that dividend these companies are expressing confidence that they not only have cash now, but they will continue to have extra cash in the quarters and years ahead. This is an important point about dividends. Once a company starts to issue them, they will usually pay a steep price for discontinuing them or even to stop raising them. Therefore companies will work hard to maintain their dividend growth rate so that shareholders feel that they are being rewarded for their investment.

Investing in dividend achievers is a popular choice for income investors. That's because the dividend while being lower than some of the highest yield dividend stocks, is extremely stable and therefore less sensitive to a change in interest rates. It’s also possible for investors to invest in dividend achievers through mutual funds, index funds and exchange-traded funds (ETFs).

Introduction

For investors that enjoy the income that comes from dividend-paying stocks, the ones that are perceived to be the safest are the ones that have just been increased. This is why dividend investors should know about dividend achievers. While you can always find an example of a company that had a streak of raising dividends right before they cut it, it’s an axiom among investors that companies that make raising their dividend a priority are generally among the healthiest in the industry and therefore investors can have confidence in their future prospects.

In this article, we'll break down a specific category of common stocks known as the dividend achievers. We'll provide a definition of dividend achievers, explain why they're important, where investors can find them, why they should be considered as a part of every investor's portfolio, how dividend achievers are different from dividend aristocrats and the risks involved in investing in these dividend-paying stocks.

What is a dividend achiever?

A dividend achiever is a company whose common stock has posted an increased dividend payout at least once a year for 10 consecutive years. Although dividend achievers are not restricted by market capitalization, a dividend achiever must meet certain market liquidity requirements.

 Why are dividend achievers important?

A company’s willingness to issue dividends is an indication of financial health and stability. The commitment to increase that dividend every year encourages long-term investors who can expect an increase in shareholder value as well as an increase in share price. Dividends unlike other metrics (like free cash flow and even revenue) are difficult to manipulate. Issuing a dividend means the company has enough cash left over after they have covered their short-term liabilities. More importantly, for investors, it signifies a belief that the company will continue to have excess cash into the future. This highlights another benefit of dividend stocks in general – once a company begins to issue a dividend, they will generally make maintaining that dividend a priority. Dividend achievers take that commitment to the next level by increasing the payout to shareholders.

Where can investors find a list of dividend achievers?

Many financial websites post lists of dividend achievers. These sites are updated regularly as companies move on or off. When deciding what dividend achievers might be right for their portfolio, many investors look at different sectors. The majority of dividend achievers stocks are weighted in the Industrials (28%), Financials (19%), Consumer Staples (11%), and Materials (11%). Companies within these sectors are characterized by consistent demand for their products and services and businesses that are less affected by rapid changes. Both of these characteristics give these companies the right environment to issue and grow their dividend.

When investors look for dividend achievers, technology stocks are among the least represented. This is because these stocks are sought after for the growth opportunities they provide. In order to increase their stock price value, these companies will frequently look to re-invest their excess cash rather than returning capital to shareholders.

Why invest in dividend achievers?

Dividend stocks can provide diversification for any portfolio. But just like there are different equity and bond categories, not all dividend stocks are the same. The income generated from investing in dividend achievers is like a port in any storm. When interest rates are low, dividends provide a nice injection of cash to a portfolio. On the other hand, when interest rates begin to rise, investments in both bonds and equities can come under pressure – and that includes dividend stocks. However, the dividend stocks that are the most affected in tough times are frequently the ones that entice investors with the promise of an enhanced yield. That’s why dividend achievers can be a great addition.

Dividend achievers typically are regarded as quality stocks. And while quality can mean a lot of things, to investors the quality of dividend achievers comes from consistent and stable earnings. The tradeoff for the security of the dividend often comes with a lower yield. However, investing in a dividend achiever mutual fund or exchange-traded fund (ETF) can help boost return while spreading out the risk.

There are currently approximately 70 U.S.-listed ETFs that invest in dividend stocks. Investors can sort these funds by market cap to emerging markets. Essentially, investors can curate their investment objective to the objective of the fund.

Another reason to invest in dividend achievers is the opportunity to have their income gains achieved taxed at a lower rate that is similar to the long-term capital gains rate. If investors hold the stock for a specified length of time prior to the ex-dividend date, their dividends will be considered to be qualified dividends which means that instead of the gains being taxed as ordinary income, they will be taxed at a lower rate.

Do dividend achievers outperform the market?

Dividend stocks are not regarded as high growth stocks. One reason for this is that dividend stocks, when compared to the broader market, are less volatile. When a stock is less volatile it moves either in close correlation to the market or in less correlation. Less volatility offers investors the benefit of capital preservation and better risk-adjusted returns. And dividend achievers are typically regarded as high-quality companies. This makes their earnings more predictable and their stock prices more stable. While stable stock prices mean that dividend achiever stocks may miss out on some of the high growth of more aggressive stocks, but their stock prices tend to decline less during down markets.

Although many investors will construct a dividend portfolio that consists of a number of individual dividend growth stocks, many investors are taking advantage of the many index funds and exchange-traded funds (ETFs) that allow investors to collect dividends while investing in a basket of dividend-issuing stocks.

Two of the more popular examples are the $36.4 billion Vanguard Dividend Appreciation Index Fund (VDAIX) which tracks the Nasdaq U.S. Dividend Achievers Select Index. And the Invesco PowerShares Dividend Achievers ETF (NASDAQ: PTM). This ETF has outperformed the Russell 3000 Value Index since its inception.

Index History (%)

YTD

1-Year

3-Year

5-Year

10-Year

Since Inception

NASDAQ US Broad Dividend Achievers Index

-1.70

9.20

10.47

10.25

9.00

7.32

Russell 3000 Value Index

-1.16

7.25

8.48

10.40

8.60

7.19

Source: Invesco (as of 6/30/2018)

Before investors consider investing in an index fund or ETF, they should look at the fund's performance record. Many fund tracking websites will provide access to how the fund is performing year-to-date as well as provide data on the fund's three-year to five-year annual average returns. Many investors use the S&P 500 as a useful benchmark to gauge a fund's performance.

Another consideration is cost. Investors should consider the expense ratio, which is a percentage of the fund’s average net assets. A fund can either be actively or passively managed. Passively managed funds have become very popular in recent years. However, some investors will find that an actively managed fund may be able to provide a return because the advice they receive from investment management advisors compensates them for a higher expense ratio.

How are dividend achievers different from dividend aristocrats?

Dividend aristocrats have the distinction of increasing dividends for over 25 years. The easy way to think about the two groups is that every dividend aristocrat is a dividend achiever, but not every dividend achiever has risen to the level of dividend aristocrat. Either way, these companies are regarded as some of the darlings of income-oriented investors.

Risks of investing in dividend achievers

As much as dividend achievers are generally considered to be stable stocks, they are not without risk. To begin with, like any stock, past performance is not a guarantee of future results. With that in mind, some companies that comprise the index are have benefited from good fortune rather than sound financial management. There is also a risk that some companies may pay a dividend out of debt or by issuing new shares. But a dividend is supposed to come from a company’s profit. If it comes from debt, then a company is returning capital to investors, but calling it a dividend.

The final word on dividend achievers

Income-oriented investors will look for dividend-paying companies. And among these companies, Dividend Achievers hold a special place. Dividend achievers have a consecutive 10-year streak of not only issuing but growing, their quarterly dividend. This meaningful commitment to building shareholder value as compared to other companies makes them an attractive investment option.

Investing in dividend achievers can provide meaningful diversification because the yield generated by these stocks, while frequently not being the highest yield, will often be a rock-solid benefit that investors can count on quarter after quarter. And to help maximize return and minimize risk, there are mutual funds and ETFs that exclusively invest in the stock of dividend achievers.

Being a dividend achiever, however, is no guarantee that the dividend payment will remain safe. To be on the dividend achiever list, the company simply needs to have issued growing dividends for 10 years and meet market liquidity requirements. Investors need to continue to do their due diligence to see if the company can ensure the safety and quality of their dividend even during tough times. In the aftermath of the financial crisis and subsequent recession of 2007-2008, many companies cut their dividend.



MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau

© American Consumer News, LLC dba MarketBeat® 2010-2021. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Do Not Sell My Information

© 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer. Fundamental company data provided by Zacks Investment Research.