The Global Dividend Aristocrats List 2024
The term dividend aristocrat is bestowed upon stocks which have a strong and demonstrable track record of consistently paying dividends over the years. There are a number of different indices which track these so-called dividend aristocrats, one of which is the S&P Global Dividend Aristocrats Index.
In this article, we will explain what it takes for companies to be added to this index and provide the global dividend aristocrats list for 2024!
Table of Contents
The S&P Global Dividend Aristocrats Index
The S&P Global Dividend Aristocrats Index measures the performance of selected dividend stocks within the S&P Global Broad Market Index.
In order to qualify for the S&P Global Dividend Aristocrats Index, companies must meet the following conditions, amongst other considerations:
- Increased or maintained stable dividends every year for at least 10 consecutive years.
- A maximum dividend payout ratio of 100% for new constituents.
- A non-negative dividend payout ratio (i.e. annual earnings per share must be positive) for existing constituents.
- A maximum dividend yield of 10% at the rebalancing date.
- A float-adjusted market capitalisation of at least $1 billion.
- An average daily traded value of at least $5 million for the three months prior to the rebalancing date.
By only including companies which have a 10 year record of increasing or maintaining dividends, the index provides exposure to stocks which pay reliable dividends. However, it should be noted that dividends are never guaranteed.
Even the most historically reliable dividend paying stocks can, and do, decrease, or even halt, dividend payments. If this happens to a company listed in the global dividend aristocrats index, it will be removed from the index at its next rebalancing, which takes place annually each January.
So, which companies can call themselves a global dividend aristocrat in 2024?
Global Dividend Aristocrats List 2024
The table below highlights the stocks which are in the global dividend aristocrats list in 2024.
|Seagate Technology Holdings PLC
|Adecco Group AG
|Lenovo Group Limited
|Verizon Communications Inc.
|Digital Realty Trust Inc.
|LyondellBasell Industries NV
|Boston Properties Inc.
|Highwoods Properties Inc.
|LTC Properties Inc.
|Western Union Company
|Janus Henderson Group PLC
|Pinnacle West Capital Corporation
|Kennedy-Wilson Holdings Inc.
|Getty Realty Corp.
|Leggett & Platt Incorporated
|Best Buy Co. Inc.
|Singapore Technologies Engineering Ltd
|Deutsche Post AG
|ENEOS Holdings Inc.
|Mitsui Mining and Smelting Company Limited
|Walgreens Boots Alliance Inc.
|Primary Health Properties PLC
|British American Tobacco
|Vanguard International Semiconductor Corp
|Northwest Bancshares Inc.
|Saudi Telecom Co.
|Prudential Financial Inc.
|KT & G Corporation
|United Utilities Group
|Legal & General Group
|Takeda Pharmaceutical Co.
|SBI Holdings Inc.
|Huntington Bancshares Incorporated
|T. Rowe Price Group
|Swiss Life Holding AG
|MS&AD Insurance Group Holdings Inc.
|Provident Financial Services Inc.
|Helvetia Holding Ltd
|IG Group Holdings
|Russel Metals Inc.
|Zurich Insurance Group Ltd
|JAFCO Group Co. Ltd.
|TC Energy Corporation
|Power Assets Holdings Limited
|Pembina Pipeline Corporation
|CK Infrastructure Holdings Limited
|Allied Properties REIT
|Canadian Natural Resources Limited
|Canadian Tire Corporation Limited Class A
|Capital Power Corporation
|Canadian Utilities Limited Class A
|Henderson Land Development Co.
|Sino Land Co.
|Ping An Insurance (Group) Company of China Ltd. Class H
|Swire Properties Limited
|Sun Hung Kai Properties Limited
|Great-West Lifeco Inc.
|Canadian Imperial Bank of Commerce
|Power Corporation of Canada
|Manulife Financial Corporation
|Canadian Western Bank
|Bank of Nova Scotia
|IGM Financial Inc.
|Sun Life Financial Inc.
|Bank of Montreal
Source: State Street Global Advisors - 12 January 2024.
SPDR Global Dividend Aristocrats ETF
As with any stock index, it is not possible to invest directly in the S&P Global Dividend Aristocrats Index. In order to gain exposure to the index, investors can either construct a portfolio based on the global dividend aristocrats list above or buy shares in an Exchange-Traded Fund (ETF) which tracks the index.
The SPDR S&P Global Dividend Aristocrats UCITS ETF is one of more than 200 ETFs which is available for clients of Admirals to invest in. The global dividend aristocrats ETF tracks the underlying index by using investor money to buy shares in all the stocks within the index.
Follow these simple steps in order to learn how to invest in the SPDR Global Dividend Aristocrats ETF:
- Register for an Invest.MT5 account and log in to the Dashboard.
- Open the MetaTrader Web Terminal.
- Search for the SPDR Global Dividend Aristocrats ETF and click the symbol to open a price chart.
- Press ‘Create New Order’, enter the number of shares you want and hit ‘Buy’.
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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.