TROW - My Best Dividend Aristocrats For May 2024
2024-04-29 14:29:36 ET
Summary
- The ProShares S&P 500 Dividend Aristocrats ETF performed well in March, finishing up 4.60%. Some of these gains have been erased in April, though.
- I present 3 strategies that can theoretically beat the dividend aristocrat index in the long term.
- After 33 months of tracking these strategies, all three of the strategies are still beating NOBL.
2024 Review
Positive gains from February extended into March for the ProShares S&P 500 Dividend Aristocrats ETF ( NOBL ), the fund posted a very strong gain of +4.60%. However, a significant amount of this gain has been erased thus far in April, NOBL is down 3.77% through April 26th. Despite the minor setback in April, NOBL still maintains a positive year-to-date return.
Several dividend aristocrats have started 2024 on an even better note than NOBL. Let's take a look at which individual aristocrats are driving the ETFs return through month-end March. The following 35 aristocrats are all outperforming NOBL (+6.94%) this year:
- Target ( TGT ) +25.33%
- Caterpillar ( CAT ) +24.50%
- Brown & Brown ( BRO ) +23.31%
- Grainger ( GWW ) +23.00%
- Cincinnati Financial ( CINF ) +20.84%
- Fastenal ( FAST ) +19.78%
- AbbVie ( ABBV ) +18.64%
- Pentair ( PNR ) +17.88%
- International Business Machines ( IBM ) +17.81%
- Exxon Mobil ( XOM ) +17.35%
- Emerson Electric ( EMR ) +17.11%
- Ecolab ( ECL ) +16.69%
- Dover Corporation ( DOV ) +15.56%
- Lowe's ( LOW ) +15.05%
- Chubb ( CB ) +15.04%
- Walmart ( WMT ) +14.89%
- T. Rowe Price Group ( TROW ) +14.44%
- Cintas ( CTAS ) +14.26%
- Nucor ( NUE ) +14.02%
- Colgate ( CL ) +13.65%
- Linde PLC ( LIN ) +13.39%
- Genuine Parts Company ( GPC ) +12.61%
- West Pharma ( WST ) +12.43%
- McCormick ( MKC ) +12.27%
- Sysco ( SYY ) +11.75%
- Sherwin Williams ( SHW ) +11.61%
- Cardinal Health ( CAH ) +11.52%
- Procter & Gamble ( PG ) +11.42%
- Church & Dwight ( CHD ) +10.62%
- Hormel ( HRL ) +9.62%
- General Dynamics ( GD ) +9.37%
- A. O. Smith ( AOS ) +8.95%
- Clorox ( CLX ) +8.28%
- Automatic Data Processing ( ADP ) +7.82%
- Kimberly Clark ( KMB ) +7.50%