S&P's 2009 Dividend Aristocrats: Who Made the Cut?

Dec. 23, 2008 3:29 AM ETMMM, ABT, AFL, APD, ADM, ADP, AVY, BCR, TFC, BDX, LUMN, CB, CINF, CLX, KO, ED, DOV, EMR, XOM, FDO, GCI, GE, GWW, TEG, JNJ, JCI, KMB, LEG, LLY, LOW, MTB, MCD, SPGI, PEP, PFE, PBI, PPG, PG, STR-OLD, ROH, SHW, SIAL, SWK, STT, SVU, TGT, USB, VFC, WMT, WBA3 Comments

David I. Templeton, CFA

3.37K Followers

Standard & Poor's recently announced the companies that will comprise the Dividend Aristocrats for 2009. The S&P 500 Dividend Aristocrats are companies in the S&P 500 index that have followed a policy of consistently increasing dividends every year for at least 25 consecutive years. The 2009 Aristocrats total 52 companies for 2009 versus 60 companies for the 2008 Aristocrats.

The list of 2009 Aristocrats is detailed below:

Full Screen View

The new companies added to the Aristocrats list are:

Bemis (BMS)
Legg Mason (LM)

The companies that have been eliminated from the Aristocrat group are primarily centered in the financial sector. The companies eliminated are:

Anhauser Busch (BUD)-acquired
Bank of America (BAC)
Comerica (CMA)
Fifth Third Bancorp (FITB)
KeyCorp (KEY)
Nucor Corp. (NUE)
Progressive Corp. (PGR)
Regions Financial (RF)
Synovus (SNV)
Wm. Wrigley (WWY)-acquired

Source:

S&P 500 Dividend Aristocrats (pdf file) Standard & Poor's,By: Aye M. Soe & David Guarino.

This article was written by

David I. Templeton, CFA

3.37K Followers

HORAN Capital Advisors is an SEC registered investment advisor that manages investment portfolios for individuals and institutions. Our firm utilizes a disciplined investing approach that should create wealth for our clients over time. Our investment bias is to invest in companies that generate a steady return over time, i.e., singles and doubles. This singles and doubles approach tends to lead to investments in higher quality dividend growth/cash flow growth companies. On the other hand, there are times when a company's stock price seems to be trading below its fair valuation. Short term gains are possible in these situations. I have been managing investment portfolios for individuals and institutions for over fifteen years and believe investing is like running a marathon and not a sprint. Taking the road less traveled, more often than not, leads to higher returns. Visit: The Blog of HORAN Capital Advisors at (https://horanassoc.com/insights/market-commentary-blog)

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