The “dividend aristocrat” label is applied to elite S&P 500 companies (SPX) with an unmatched commitment: raising dividends every single year for 25 years or more. These companies are cherished by investors for both steady income and growth opportunity.
Why These 3 Dividend Aristocrat Stocks Stand Out
The three stocks above have a dividend payout ratio above 50%, meaning that the company recently distributed more than half of its net earnings to shareholders as dividends.
Be sure to click on any ticker to thoroughly research the stock before you decide whether to add it to your portfolio. Here are today’s top dividend aristocrat stock picks from TipRanks.
Amcor (AMCR) — Amcor brands itself as a “global leader in producing responsible packaging.” The Swiss company manufactures flexible packaging such as wraps, bags, and pouches that are used across several sectors. Amcor has established its presence in over 40 countries. The Zurich-based company currently has a dividend payout ratio of 68.36%. It paid 65 cents a share in its last dividend issuance, with a dividend yield of 6.30%. AMCR stock currently carries a Moderate Buy consensus rating from seven Wall Street analysts. This comes with an average price target of $45.75, suggesting about 11% upside.
