FYI: Four new companies have joined the S&P 500 Dividend Aristocrats, the group of firms in the index that have increased payouts for at least 25 straight years.
Members of the latest class are Caterpillar (ticker: CAT), United Technologies (UTX), Chubb (CB), and People’s United Financial (PBCT). They join a club that includes Medtronic (MDT), Coca-Cola (KO) and Procter & Gamble (PG).
The Back Story. Companies in the group must be members of the S&P 500, a benchmark that includes mid- and large-cap stocks.
“Dividend investors look for payment stability and demonstrated growth, as they typically hold stocks for decades,” says Howard Silverblatt, senior index analyst at S&P Dow Jones Indices.
Regards,
Ted
https://www.barrons.com/articles/4-companies-join-dividend-aristocrats-stocks-lag-market-51548447580?mod=djem_b_Weekly barrons_daily_newsletterM* Snapshot: NOBL:
https://www.morningstar.com/etfs/bats/nobl/quote.html
