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Dividend Aristocrat Performance: March 2021

Ploutos profile picture


  • Components of the S&P 500 that have paid steadily increasing dividends for at least 25 years have outperformed the broader market over time.
  • This article demonstrates that historic outperformance and lists the current Dividend Aristocrat constituents and their recent returns.
  • In March, the Dividend Aristocrats solidly outperformed the S&P 500 (+7.54% vs. +4.38%).
  • While dividend growth stocks tend to underperform in rising rate environments, the strategy benefitted in March from its tech underweight and Industrials/Materials overweights.
  • By showing the recent performance of the Dividend Aristocrats, some active dividend growth investors may be able to suss out relative bargains.

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The Dividend Aristocrats outperformed in March, posting very solid total returns and very strong breadth of positive returns across constituents. The 7.52% total return for this Dividend Growth Index (BATS:NOBL) was a

This article was written by

Ploutos profile picture
Institutional investment manager authoring on a variety of topics that pique my interest, and could further discourse in this online community. I hold an MBA from the University of Chicago, and have earned the CFA designation. My articles may contain statements and projections that are forward-looking in nature, and therefore inherently subject to numerous risks, uncertainties and assumptions. While my articles focus on generating long-term risk-adjusted returns, investment decisions necessarily involve the risk of loss of principal. Individual investor circumstances vary significantly, and information gleaned from my articles should be applied to your own unique investment situation, objectives, risk tolerance, and investment horizon.

Analyst’s Disclosure: I am/we are long NOBL, SPY. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (10)

03 Apr. 2021
Pleaseeeee post factor tilt for march quickly :((
2021 YTD returns as of 4/1 - Dividend ETFs - (source - Yahoo Finance)

VIG. - 4.58%
NOBL - 8.19% 
HDV. - 8.56%

VYM - 10.69%
SDY. - 11.77%
SCHD - 13.87%
DES. - 17.81%
DVY. - 18.58%
Dale Roberts profile picture
Great post, as always. My 9 Dividend Aristocrats (that passed the Dividend Achievers screens in early 2015) slightly outperformed for the month at 7.66%.

I also hold 6 non Aristocrats (also purchased in early 2015).

And 3 picks that destroy the market. Two are growth picks, Apple and BlackRock, that add a nice growth kicker.

But love my Aristocrats.

The Canadian Aristocrats are also outperforming, over last month and three months, etc.

Dale Roberts profile picture
The non Aristocrats is above 6 now, actually, due to United Technologies spin offs. Those stocks have done well.

Keep compounding the dividends on the aristocrats.
I prefer MOAT over NOBL. MOAT has higher total returns & higher Sharpe Ratios for the last 3 & 5 years.
@sdrs95a Same here. I think DGRO is a good 2nd option, but Moat has killed Nobl over the past 15 years.
Buyandhold 2012 profile picture
Dividend Aristocrats......"have outperformed the broader market over time."

Of course they have.

So show your love for the Dividend Aristocrats and buy them whenever they are attractively priced.

Then experience the bliss of steadily rising dividends.
@Buyandhold 2012 That's the key -- tactical patience.
pkeogh profile picture
@Buyandhold 2012 Expand your horizons and buy the Dividend Champions as updated by Justin Law here on SA the first of each month. About 140 issues and provides terrific data on some smaller firms. Even better, sell out of the money puts one to three months forward when the company dips on a particular day. Great source of additional income. All detailed in our recent book "Make Your Family Rich; Why to Replace Retirement Planning with Succession Planning" (www.makeyourfamilyrich.com)
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