S&P adds 3 new Dividend Aristocrats in 2023
S&P Dow Jones Indices will add three new Dividend Aristocrats to its well known S&P500 Dividend Aristocrats Index in 2023. This will bring the total number of Aristocrats to 67 stocks with no deletions being announced this year.
The new additions this year are precision technology company Nordson (NDSN), logistics company C.H. Robinson Worldwide (CHRW) and food company J.M. Smucker Co (SJM). These three stocks will be added on February 1, 2023. This brings the number of Dividend Aristocrats in the index to 67. Remember that a Dividend Aristocrat has raised its dividend every year for at least 25 years.
The most impressive stock is Nordson: The company hiked its dividend by a whopping 27.5% in 2022, marking 59 consecutive years of dividend growth. C.H. Robinson raised its dividend for the 25th year in 2022 with a 10.9% increase and J.M. Smucker raised the dividend by only 3% in 2022.