FSO NEWS: List of Dividend Aristocrats 2026: All 69 Stocks and Which Look Cheap

Key takeaways

The S&P 500 Dividend Aristocrats index has 69 members. That count is as of September 30, 2026, and the holdings of the ProShares fund that tracks the index still matched it on October 28, 2026.
No company was added or removed in 2026. S&P Dow Jones Indices said its January review brought no membership changes effective February 2, 2026.
To qualify, a company must be in the S&P 500, have raised its total dividend per share for at least 25 straight years, and meet size and trading rules.
Kenvue is the name to watch. Kimberly-Clark expects to close its purchase of Kenvue in the fourth quarter of 2026. Index rules remove a stock that leaves the S&P 500.
Six members trade 10% to 36% below their 52-week highs and yield more than 4%. Their prices dropped for reasons tied to each business.

The list of dividend aristocrats is short and slow to change, which is the point. Only S&P 500 companies that have raised their dividend every year for at least a quarter century qualify, and in 2026 the roster did not move at all. Below is the full current list of 69 companies, how a stock earns a place, how the group compares with Dividend Kings and Canada's version, and which members screen as cheaper than usual right now.

What makes a stock a Dividend Aristocrat

"Dividend Aristocrat" is not a loose label. It is the S&P 500 Dividend Aristocrats index, run by S&P Dow Jones Indices, and its published methodology sets four tests. Each is checked at the annual reconstitution in January.

Universe: the company must be in the S&P 500.
Dividend growth: its total dividend per share must have risen every year for at least 25 consecutive years. Holding the payout flat for a year breaks the streak.
Size: its float-adjusted market capitalization must be at least US$3 billion.
Liquidity: its average daily value traded must be at least US$5 million over the three months before the review date.

The index is equal-weighted and rebalanced every quarter, so a small packaging company counts as much as Walmart. Sector weights are capped at 30% at each annual reconstitution. The index must also hold at least 40 stocks. If too few companies qualify, S&P fills the gap with companies that have more than 20 years of increases, picked in order of dividend yield.

Membership can also change between January reviews. Each month, S&P DJI checks that every member still meets the dividend rules, so a dividend cut can trigger an early exit. The methodology also says a stock removed from the S&P 500 leaves the Aristocrats index at the same time. Mergers usually cause that. Apart from spin-offs, no company is added between annual reviews.

The full list of dividend aristocrats (October 2026)

The table lists all 69 constituents. Membership comes from the index count as of September 30, 2026 and the ProShares S&P 500 Dividend Aristocrats ETF (NOBL) holdings as of October 28, 2026, which list the same 69 tickers. Sectors follow GICS. Years of consecutive increases come from a third-party tally dated October 24, 2026. S&P DJI does not publish a streak for each company. Companies count differently, and some use fiscal years. An asterisk marks a streak that includes a former parent company's history: Kenvue's includes Johnson & Johnson, AbbVie's includes Abbott, and Amcor's includes its predecessor company.

#	Company	Ticker	Sector (GICS)	Years of increases
1	Dover	DOV	Industrials	71
2	Emerson Electric	EMR	Industrials	70
3	Genuine Parts	GPC	Consumer Discretionary	70
4	Procter & Gamble	PG	Consumer Staples	70
5	Cincinnati Financial	CINF	Financials	66
6	Coca-Cola	KO	Consumer Staples	64
7	Johnson & Johnson	JNJ	Health Care	64
8	Kenvue	KVUE	Consumer Staples	64*
9	Colgate-Palmolive	CL	Consumer Staples	63
10	Illinois Tool Works	ITW	Industrials	63
11	Lowe's	LOW	Consumer Discretionary	63
12	Nordson	NDSN	Industrials	63
13	Hormel Foods	HRL	Consumer Staples	60
14	Federal Realty Investment Trust	FRT	Real Estate	59
15	Stanley Black & Decker	SWK	Industrials	59
16	Sysco	SYY	Consumer Staples	56
17	PPG Industries	PPG	Materials	55
18	Target	TGT	Consumer Staples	55
19	W.W. Grainger	GWW	Industrials	55
20	AbbVie	ABBV	Health Care	54*
21	Abbott Laboratories	ABT	Health Care	54
22	Becton, Dickinson and Co.	BDX	Health Care	54
23	Kimberly-Clark	KMB	Consumer Staples	54
24	PepsiCo	PEP	Consumer Staples	54
25	Archer-Daniels-Midland	ADM	Consumer Staples	53
26	Nucor	NUE	Materials	53
27	S&P Global	SPGI	Financials	53
28	Walmart	WMT	Consumer Staples	53
29	Consolidated Edison	ED	Utilities	52
30	Automatic Data Processing	ADP	Industrials	51
31	McDonald's	MCD	Consumer Discretionary	50
32	Pentair	PNR	Industrials	50
33	Clorox	CLX	Consumer Staples	49
34	Medtronic	MDT	Health Care	49
35	Sherwin-Williams	SHW	Materials	48
36	Franklin Resources (Franklin Templeton)	BEN	Financials	46
37	Aflac	AFL	Financials	44
38	Air Products and Chemicals	APD	Materials	44
39	Cintas	CTAS	Industrials	43
40	Exxon Mobil	XOM	Energy	43
41	Amcor	AMCR	Materials	42*
42	Atmos Energy	ATO	Utilities	42
43	Brown-Forman	BF.B	Consumer Staples	42
44	Cardinal Health	CAH	Health Care	40
45	McCormick	MKC	Consumer Staples	40
46	T. Rowe Price	TROW	Financials	40
47	Chevron	CVX	Energy	39
48	Erie Indemnity	ERIE	Financials	36
49	A. O. Smith	AOS	Industrials	35
50	Ecolab	ECL	Materials	34
51	West Pharmaceutical Services	WST	Health Care	34
52	Brown & Brown	BRO	Financials	33
53	Caterpillar	CAT	Industrials	33
54	Chubb	CB	Financials	33
55	Linde	LIN	Materials	33
56	Roper Technologies	ROP	Information Technology	33
57	Albemarle	ALB	Materials	32
58	Essex Property Trust	ESS	Real Estate	32
59	Expeditors International	EXPD	Industrials	32
60	NextEra Energy	NEE	Utilities	32
61	Realty Income	O	Real Estate	32
62	IBM	IBM	Information Technology	31
63	Church & Dwight	CHD	Consumer Staples	30
64	General Dynamics	GD	Industrials	29
65	Eversource Energy	ES	Utilities	28
66	C.H. Robinson Worldwide	CHRW	Industrials	27
67	FactSet Research Systems	FDS	Financials	27
68	Fastenal	FAST	Industrials	27
69	J.M. Smucker	SJM	Consumer Staples	25

The list leans heavily on two sectors. Consumer Staples has 16 members and Industrials 15, so together they make up almost half the list. Information Technology has only IBM and Roper, and Energy has only Exxon Mobil and Chevron. Thirty-two members have streaks of 50 years or more, which also makes them Dividend Kings.

2026 additions and removals

None so far. On January 23, 2026, S&P Dow Jones Indices announced the results of its annual review and said there would be "no membership changes" effective before the open on February 2, 2026. The index still had 69 members on September 30. The NOBL holdings list showed the same 69 on October 28, which points to no removals through late October.

For context, the most recent changes came in early 2025. Erie Indemnity, Eversource Energy and FactSet were added that February. Earlier removals included 3M in mid-2024, after it cut its dividend following the Solventum spin-off, and Walgreens in February 2024.

One change looks likely before year-end. Kimberly-Clark has agreed to buy Kenvue and said on October 1 that the deal remains on track to close in the fourth quarter of 2026. The European Union cleared it on October 13, with conditions. Once the deal closes, Kenvue will stop trading. Under the index rules, a stock removed from the S&P 500 also leaves the Aristocrats at the same time. If that happens, the list will drop to 68 unless another change offsets it. Kimberly-Clark itself remains a member.

Dividend Kings and Canadian Dividend Aristocrats compared

Dividend Kings are companies that have raised their dividend for 50 or more consecutive years. No official index or committee sets the list, so counts differ between data providers, and the label is not limited to S&P 500 companies. Within the current Aristocrats, 32 companies clear the 50-year mark. Dover, Emerson, Genuine Parts and Procter & Gamble lead with streaks of 70 years or more.

The S&P/TSX Canadian Dividend Aristocrats index uses a much lower bar. A TSX-listed stock in the S&P Canada BMI must have raised its ordinary cash dividend every year for at least five years. It may keep the dividend flat for up to two consecutive years within that period. It also needs a float-adjusted market value of at least C$300 million and must pass trading-volume tests. Unlike the US index, the Canadian version is weighted by dividend yield rather than equally. It has already changed in 2026: S&P DJI removed TELUS after a monthly dividend review, effective September 1, 2026.

Dividend Aristocrats that look cheap now

"Cheap" here is a screen, not a recommendation. Six members stood out on October 28, 2026. Each traded well below its 52-week high, paid a yield above 4%, and had a forward price-to-earnings ratio below about 16. For comparison, ProShares lists a P/E of 21.74 and a dividend yield of 2.60% for the whole index as of September 30. The figures below are from StockAnalysis at the October 28 close. Yields are the indicated annual dividend divided by that day's price.

Company	Ticker	Years	Close (Oct 28)	Below 52-week high	Dividend yield	Forward P/E
Clorox	CLX	49	$86.84	32.6%	5.76%	15.23
McCormick	MKC	40	$46.06	36.4%	4.17%	14.90
PepsiCo	PEP	54	$132.63	22.7%	4.46%	15.66
Hormel Foods	HRL	60	$20.61	22.5%	5.68%	13.51
T. Rowe Price	TROW	40	$104.00	14.8%	5.00%	10.27
Amcor	AMCR	42	$45.66	10.4%	5.69%	10.75

Each discount has a cause. Clorox's revenue fell 5.4% in fiscal 2026, and its earnings dropped more than 27%. McCormick is absorbing most of Unilever's foods business, a deal now under review by the UK competition regulator. PepsiCo cut its 2026 earnings guidance in October. Hormel's trailing earnings fell by more than half, which is why its trailing P/E is 33 while its forward multiple is 13.5. T. Rowe Price reported $8.2 billion of net client outflows in July alone. Amcor is the exception. Its revenue jumped after the Berry acquisition, and its price is only about 10% below the high.

A high yield often reflects a falling share price. What matters is whether earnings can keep paying for the next increase. A company that stops raising its dividend leaves the index, and index funds usually sell it.

How investors use the list

Most investors use the list as a starting point for research rather than a portfolio. The index's history is mixed. ProShares reports index returns of 7.68% over one year, 9.61% a year over three years and 9.85% a year over ten years, all to September 30, 2026. Those figures trail many growth-heavy benchmarks. They also show what the strategy is built for: a steady record of dividend increases rather than maximum returns. Investors who want the whole basket can buy NOBL. ProShares lists its expense ratio at 0.35% and its 30-day SEC yield at 2.28%.

Common questions

How many Dividend Aristocrats are there in 2026?

There are 69. That is the index's count as of September 30, 2026, and NOBL's holdings showed the same 69 stocks on October 28. The count could fall to 68 if Kimberly-Clark completes its purchase of Kenvue as planned.

Were any companies added to the list of dividend aristocrats in 2026?

No. S&P Dow Jones Indices announced no membership changes at its January 2026 review. The last additions were Erie Indemnity, Eversource Energy and FactSet in February 2025.

What happens if an Aristocrat cuts or freezes its dividend?

It fails the 25-year growth test. S&P DJI checks members' dividends every month, so a cut can lead to removal before the next annual review. A company that only holds its dividend flat is normally removed at the January review.

Is every Dividend King also a Dividend Aristocrat?

No. A Dividend King only needs 50 years of increases, while an Aristocrat must also be in the S&P 500 and pass the size and trading tests. Some long-streak companies are too small or are not in the index.

Which Aristocrat has the longest streak?

By the tally used here, Dover leads with 71 years. Emerson, Genuine Parts and Procter & Gamble follow with 70 each. Companies count their streaks in slightly different ways.

Sources

This article is for general information only and is not financial advice. It does not recommend buying, selling or holding any security. Index membership, dividend streaks and valuation figures change often, so check current data before you invest. Figures are as of the dates shown, up to October 28, 2026.

This article is for general information only and is not financial, tax, legal or insurance advice. Check the official sources linked in the article and speak with a qualified professional about your own situation.