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Novo Nordisk , a leading pharmaceutical company based in Denmark, has delivered some impressive dividend statistics for fiscal years 2022 and 2023. Notably, the company achieved over 25 consecutive years of dividend growth, further bolstered by a recent stock split.

In a recent development, software and technology company Microsoft (MSFT) has solidified its position as the largest dividend payer in the United States, outpacing its closest competitors, including Apple and Exxon Mobil. The tech giant's latest dividend announcement (a 10.3% dividend hike, marking 21 consecutive years of dividend growth) reflects a significant increase, further extending its lead in this regard. Microsoft is approaching Dividend Aristocrat status.

Fastenal is almost a dividend aristocrat with 24 hike years in 2023 In the world of investment, consistency and reliability are highly prized attributes, and for investors seeking stable dividend income, the journey to becoming a " Dividend Aristocrat " is a coveted milestone. These prestigious titles are awarded to companies listed on the US stock market that have consistently increased their dividend payouts for a minimum of 25 consecutive years. As we approach 2024, several companies are poised to enter this exclusive club, with 24 consecutive years of increased dividends under their belt.

Philip Morris International Inc. (NYSE: PM) has announced that its Board of Directors has approved a 2.4% increase in the company's regular quarterly dividend. The new dividend rate will be an annualized amount of $5.20 per share, reflecting an increase from the previous rate of $5.07 per share.

In a remarkable feat, Trane Technologies (NYSE: TT) has reached an all-time high stock price of $210 today, marking a staggering 25% year-to-date increase. This achievement comes on the heels of the company's consistent commitment to sustainability and innovation, highlighted by its impressive history of dividend growth and a newly announced 11.9% dividend hike for 2023, bringing the current dividend yield to 1.5%.

Investors seeking a blend of steady income and capital appreciation often turn to Dividend Aristocrats , a group of elite companies with a history of consistently paying and increasing dividends. The best performing Dividend Aristocrat in 2023 is West Pharmaceutical Services with a 67.3% total return.