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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

(NYSE:ACE)

18

Avon Products

(NYSE:AVP)

21

Cardinal Health Inc

(NYSE:CAH)

21

Caterpillar Inc

(NYSE:CAT)

17

CH Robinson Worldwide

(NASDAQ:CHRW)

13

Chevron Corp

(NYSE:CVX)

23

ConocoPhillips

(NYSE:COP)

10

Ecolab Inc

(NYSE:ECL)

19

EOG Resources

(NYSE:EOG)

11

Expeditors Intl of WA

(NASDAQ:EXPD)

16

Fastenal Co

(NASDAQ:FAST)

11

General Dynamics

(NYSE:GD)

19

HCP Inc

(NYSE:HCP)

24

Hudson City Bancorp

(NASDAQ:HCBK)

12

Intl Business Machines

(NYSE:IBM)

15

Linear Technology Corp

(NASDAQ:LLTC)

18

Meredith Corp

(NYSE:MDP)

17

Monsanto Co.

(NYSE:MON)

10

Murphy Oil Corp

(NYSE:MUR)

15

NextEra Energy Inc

(NYSE:NEE)

16

Northeast Utilities

(NU)

12

Praxair Inc

(NYSE:PX)

17

Roper Industries Inc

(NYSE:ROP)

17

Ross Stores Inc

(NASDAQ:ROST)

16

SCANA Corp

(NYSE:SCG)

10

Smucker, J.M. Co

(NYSE:SJM)

11

Stryker Corp

(NYSE:SYK)

17

T Rowe Price Group

(NASDAQ:TROW)

23

TJX Cos Inc

(NYSE:TJX)

14

United Technologies

(NYSE: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.

Disclosure: I am long AVP, CAT, ECL, NEE, PX, SCG, UTX.

Source: 30 Dividend Contenders in the S&P 500