S&P's Big Changes for Dividend Aristocrats Index in 2010

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 |  Includes: AVY, BBT, BF.B, CTAS, GCI, GE, JCI, LM, MTB, PFE, STT, USB
by: David I. Templeton, CFA

On Friday, Standard & Poor's announced the changes its Dividend Aristocrats for the coming year. According to S&P,

The S&P 500 Dividend Aristocrats Index is designed to measure the performance of S&P 500 constituents that have followed a managed-dividends policy of consistently increasing dividends every year for at least 25 years. The index is equal-weighted, with constituents being re-weighted every quarter. Membership is reviewed each December.

The two additions are:

  • Brown-Forman Cl B (NYSE:BF.B)
  • Cintas (NASDAQ:CTAS)

The following ten companies will be removed from the Aristocrats list:

  • Avery Dennison (NYSE:AVY)
  • BB&T Corp (NYSE:BBT)
  • Gannett (NYSE:GCI)
  • General Electric (NYSE:GE)
  • Johnson Controls (NYSE:JCI)
  • Legg Mason (NYSE:LM)
  • M&T Bank (NYSE:MTB)
  • Pfizer (NYSE:PFE)
  • State Street (NYSE:STT)
  • US Bancorp (NYSE:USB)

The annual rebalancing will take effect at the close of business on December 18, 2009.


Source: Standard & Poor's