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.