META - 2024's 4 New Dividend Payers Could Become The Next Dividend Aristocrats

2024-06-11 11:32:27 ET

Summary

• Dividend aristocrats and champions are companies that have raised their dividends for 25 consecutive years.
• Four mature companies that initiated quarterly dividends in 2024 could potentially become the next generation to achieve dividend aristocrat status.
• All four of these companies have seen significant earnings and free cash flow growth, with outlooks still remaining strong going forward to help propel them there.

Written by Nick Ackerman.

Rome wasn't built in a day, and neither are dividend growth stocks. Dividend aristocrats are those that have raised their dividends for 25 consecutive years and also are included in the S&P 500 Index. For some added context, dividend champions are also companies that have raised their dividends for 25 consecutive years but don't belong in the S&P 500 Index. Clearly, both are an accomplishment, and I wouldn't necessarily pick one over the other.

That said, we have 4 notable companies that initiated quarterly dividends in 2024 that are included in the S&P 500 Index; as they are quite mature companies at this point, I also believe these companies could easily become the next dividend aristocrats. That makes them something worthwhile to watch for dividend growth investors....

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