A.O. Smith, Praxair and Roper added to Dividend Aristocrats Index

S&P Dow Jones Indices has added three new stocks to its Dividend Aristocrats Index.

As of February 1, 2018 Roper Technologies (ROP), Praxair (PX) and A.O. Smith (AOS) will be added to the index of stock that have raised their dividend for at least 25 consecutive years.

Earlier S&P removed C.R. Bard from the Index following the acquisition by Dividend Aristocrat Becton Dickinson. This week S&P Dow Jones Indices added three new names with industrials A.O. Smith and Roper Technologies and materials company Praxair.

All three stocks have raised their dividend for 25 consecutive years, with industrial gases maker Praxair announcing a 4.8% dividend increase this Thursday.

Dividend Aristocrats 2018
The new Dividend Aristocrats added in 2018
Earlier this month boiler and water heating technology company A.O. Smith had raised its dividend by 28.6 percent.

Roper Technologies, a developer of software (both software-as-a-service and licensed), and engineered products and solutions, had increased its dividend by 17.9 percent last December.

As of today Praxair has the highest dividend yield with 2.0%. A.O. Smith currently offers a 1.1% dividend yield with Roper Technologies yielding 0.6%. It's obvious that AOS and ROP offer much lower yields but also a much better dividend growth than PX.

Roper Technologies, Inc. is a technology company. The Company operates businesses that design and develop software and engineered products and solutions for various end markets, including healthcare, transportation, commercial construction, food, energy, water, education and academic research. The Company operates in four segments: Medical & Scientific Imaging, which offers products and software in medical applications, and digital imaging products; RF Technology, which provides radio frequency identification (RFID) communication technology and software solutions; Industrial Technology, which produces fluid handling pumps, materials analysis equipment and consumables, leak testing equipment, flow measurement and metering equipment, and Energy Systems & Controls, which produces control systems, fluid properties testing equipment, industrial valves and controls, vibration sensors and controls, and non-destructive inspection and measurement products and solutions.

A. O. Smith Corporation operates through two segments: North America and Rest of World. The Company's Rest of World segment primarily consists of China, Europe and India. Both segments manufacture and market comprehensive lines of residential and commercial gas, gas tankless and electric water heaters, as well as water treatment products. Both segments primarily manufacture and market in their respective regions of the world. Its North America segment manufactures and globally markets specialty commercial water heating equipment, condensing and non-condensing boilers and water systems tanks. It also manufactures and markets in-home air purification products in China. It serves residential and commercial end markets in North America with a range of products, which include water heaters, boilers and other. It supplies water heaters to the residential market in China with a broad product offering, including electric, gas, gas tankless, heat pump and solar units, as well as combi boilers.

Praxair, Inc. is an industrial gas company. The Company's operations are organized into five segments, four of which have been determined on a geographic basis of segmentation: North America, Europe, South America and Asia. In addition, it operates its surface technologies business through its subsidiary, Praxair Surface Technologies, Inc., which represents the fifth segment. Its operations consist of two product lines: industrial gases and surface technologies. Its industrial gases product line centers on the manufacturing and distribution of atmospheric gases (oxygen, nitrogen, argon, rare gases) and process gases (carbon dioxide, helium, hydrogen, electronic gases, specialty gases). It also designs, engineers and builds equipment that produces industrial gases primarily for internal use. Its Surface Technologies segment, operated through Praxair Surface Technologies, Inc., supplies wear-resistant and high-temperature corrosion-resistant metallic and ceramic coatings and powders.

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