The European Dividend Aristocrats List 2023
European dividend aristocrats are European dividend stocks which have a strong track record of consistently distributing a portion of earnings to shareholders. These stocks are compiled in the S&P Euro High Yield Dividend Aristocrats Index.
In this article, we will examine this index and provide a European dividend aristocrats list for 2023!
Table of Contents
The S&P Euro High Yield Dividend Aristocrats Index
The S&P Euro High Yield Dividend Aristocrats Index is composed of European dividend stocks which are included in the S&P Europe BMI and have their primary listing in a eurozone country.
To be included in the dividend aristocrats Europe index, besides other requirements, stocks must meet the following criteria:
- A float-adjusted market capitalisation of at least $1 billion.
- Have increased or maintained stable dividend payments for at least 10 consecutive years.
- A maximum dividend yield of 10% at the index rebalancing date.
- New constituents must not have a dividend per share which is higher than their Earnings per Share (EPS).
- Existing constituents must have positive EPS.
Unlike dividend aristocrats in the US, which must raise annual dividends every year for at least 25 consecutive years, European dividend aristocrats only need to have raised or maintained dividends for 10 years to be included in the index.
This is higher than with the UK dividend aristocrats index, in which companies need to raise or maintain dividend payments for at least seven consecutive years.
The Dividend Aristocrats Europe List 2023
As of 31 August 2023, there are 40 European dividend aristocrats in the index, which are listed in the table below.
|Assicurazioni Generali S.p.A.||ageas SA/NV||Bouygues SA||A2A S.p.A.|
|Allianz SE||UPM-Kymmene Oyj||Enagas SA||Deutsche Post AG|
|Smurfit Kappa Group PLC||Solvay SA||Sanofi||Terna S.p.A.|
|Fresenius SE & Co. KGaA||Munich Reinsurance Company||ERG S.p.A.||EDP-Energias de Portugal SA|
|Elisa Oyj Class A||Hera S.p.A.||Kone Oyj Class B||CRH public limited company|
|Recordati Industria Chimica e Farmaceutica S.p.A.||Talanx AG||Huhtamaki Oyj||Glanbia Plc|
|Brenntag Societas Europaea||Hannover Rueck SE||Buzzi Spa||Wienerberger AG|
|Henkel AG & Co. KGaA||Teleperformance SA||Deutsche Boerse AG||Warehouses De Pauw SA|
|GEA Group Aktiengesellschaft||Legrand SA||FUCHS SE Pref Registered Shs||L'Air Liquide S.A.|
|Schneider Electric SE||Wendel SE||D'Ieteren Group SA/NV||Rubis SCA|
European Dividend Aristocrats ETF
As with all stock indices, it is not possible to invest directly in the S&P Euro High Yield Dividend Aristocrats Index. Nevertheless, investors who want to gain exposure to European dividend aristocrats can either invest in them directly, or invest in an Exchange-Traded Fund (ETF) which tracks the index, such as the SPDR S&P Euro Dividend Aristocrats UCITS ETF.
This European Dividend Aristocrats ETF is one of more than 200 ETFs available for investing clients of Admirals. In order to learn how to invest in this and other ETFs, follow these simple steps:
- Open an Invest.MT5 account and log in to the Dashboard
- Find your account details and click 'Invest' to open the MetaTrader Web Terminal
- Search for the Europe Dividend Aristocrats ETF and click the symbol in order to open the price chart
- Press 'Create New Order' at the bottom of the screen, enter the number of shares you wish to purchase and hit 'Buy' to send the order to the market!
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This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks.