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In a separate article, I discussed the curious composition of the S&P Dividend Aristocrats, which are supposedly members of the S&P 500 that have recorded at least 25 consecutive years of higher dividends. In comparing the Dividend Champions list (found here) to the S&P 500 listing, I found that there were 52 Champions that were members of the S&P 500, but only 41 are included in S&P's Aristocrat list, and I discussed the variations. I went on to compare the listing of Dividend Contenders (10-24 years of paying higher dividends) and found that there are 30 Contenders in the S&P 500:

Constituent Name

Symbol

Years

ACE Limited

(ACE)

18

Avon Products

(AVP)

21

Cardinal Health Inc

(CAH)

21

Caterpillar Inc

(CAT)

17

CH Robinson Worldwide

(CHRW)

13

Chevron Corp

(CVX)

23

ConocoPhillips

(COP)

10

Ecolab Inc

(ECL)

19

EOG Resources

(EOG)

11

Expeditors Intl of WA

(EXPD)

16

Fastenal Co

(FAST)

11

General Dynamics

(GD)

19

HCP Inc

(HCP)

24

Hudson City Bancorp

(HCBK)

12

Intl Business Machines

(IBM)

15

Linear Technology Corp

(LLTC)

18

Meredith Corp

(MDP)

17

Monsanto Co.

(MON)

10

Murphy Oil Corp

(MUR)

15

NextEra Energy Inc

(NEE)

16

Northeast Utilities

(NU)

12

Praxair Inc

(PX)

17

Roper Industries Inc

(ROP)

17

Ross Stores Inc

(ROST)

16

SCANA Corp

(SCG)

10

Smucker, J.M. Co

(SJM)

11

Stryker Corp

(SYK)

17

T Rowe Price Group

(TROW)

23

TJX Cos Inc

(TJX)

14

United Technologies

(UTX)

16

Curiously, several Contenders are included in the S&P Aristocrats Index, despite streaks that are shy of the 25-year minimum. They are: CAH, CVX, and HCP. No doubt, several of the companies above will one day reach that plateau, but the streaks they have achieved already, along with their S&P 500 membership, certainly marks them as worthy investment candidates.

Source: 30 Dividend Contenders in the S&P 500