10 Best Dividend Aristocrats According to Analysts

In this article, we discuss best dividend aristocrats according to analysts. If you want to read our detailed analysis of dividend stocks and their performance, go directly to read Best Dividend Aristocrats According to Analysts.

10. West Pharmaceutical Services, Inc. (NYSE:WST)

Average Analyst Rating Score: 2

West Pharmaceutical Services, Inc. (NYSE:WST) specializes in providing solutions for the pharmaceutical and biotechnology industries. The company designs, manufactures, and supplies a wide range of packaging and delivery systems for related products. It currently pays a quarterly dividend of $0.19 per share and has a dividend yield of 0.20%, as recorded on October 9. The company has been rewarding shareholders with growing dividends for the past 30 years.

At the end of Q2 2023, 39 hedge funds tracked by Insider Monkey reported having stakes in West Pharmaceutical Services, Inc. (NYSE:WST), up from 37 in the previous quarter. Their collective stake value is over $1.4 billion.

9. Abbott Laboratories (NYSE:ABT)

Average Analyst Rating Score: 2

An American multinational healthcare company, Abbott Laboratories (NYSE:ABT) is next on our list of the best dividend stocks. The company’s dividend growth streak stands at 51 years and it pays a quarterly dividend of $0.51 per share. As of October 9, the stock has a dividend yield of 2.11%.

The number of hedge funds owning stakes in Abbott Laboratories (NYSE:ABT) stood at 61 in Q2 2023, as per Insider Monkey’s database. The total value of stakes owned by these hedge funds is over $1.18 billion.

8. General Dynamics Corporation (NYSE:GD)

Average Analyst Rating Score: 2

General Dynamics Corporation (NYSE:GD) is a global aerospace and defense company with a diverse portfolio of products and services. It offers a quarterly dividend of $1.32 per share and has a dividend yield of 2.21%. With a 26-year-long dividend growth streak under its belt, it is one of the best dividend stocks on our list.

Of the 910 hedge funds in Insider Monkey’s database at the end of Q2 2023, 46 funds owned stakes in General Dynamics Corporation (NYSE:GD), compared with 43 in the previous quarter. These stakes are worth over $7 billion in total.

7. Roper Technologies, Inc. (NASDAQ:ROP)

Average Analyst Rating Score: 2

Roper Technologies, Inc. (NASDAQ:ROP) is a diversified tech company that provides software and technology solutions to various industries. The company declared a quarterly dividend of $0.6825 per share on September 27, which was consistent with its previous dividend. It has been growing its dividends for 31 consecutive years, which makes it one of the best dividend stocks on our list. The stock’s dividend yield on October 9 came in at 0.55%.

At the end of Q2 2023, 41 hedge funds tracked by Insider Monkey reported having stakes in Roper Technologies, Inc. (NASDAQ:ROP), compared with 42 a quarter earlier. The consolidated value of these stakes is over $2.38 billion.

6. The Coca-Cola Company (NYSE:KO)

Average Analyst Rating Score: 2

An American beverage company, The Coca-Cola Company (NYSE:KO) is sixth on our list of the best dividend stocks to buy according to analysts. The company was a part of 61 hedge fund portfolios at the end of Q2 2023, according to Insider Monkey’s database. The stakes owned by these hedge funds are worth over $27.2 billion in total.

The Coca-Cola Company (NYSE:KO) has been raising its dividends for 61 years running. The company’s quarterly dividend stands at $0.46 per share for a dividend yield of 3.48%.

5. Becton, Dickinson and Company (NYSE:BDX)

Average Analyst Rating Score: 1.9

Becton, Dickinson and Company (NYSE:BDX) is an American medical technology company that mainly operates in the healthcare industry and deals in related products. The company offers a quarterly dividend of $0.91 per share and has a dividend yield of 1.37%, as recorded on October 9. It maintains a 51-year streak of consistent dividend growth, which makes it one of the best dividend stocks on our list.

At the end of June 2023, 55 hedge funds in Insider Monkey’s database reported having stakes in Becton, Dickinson and Company (NYSE:BDX), compared with 56 in the previous quarter. The collective value of these stakes is over $2.7 billion.

4. Linde plc (NYSE:LIN)

Average Analyst Rating Score: 1.9

Linde plc (NYSE:LIN) is a multinational company that operates in various sectors, including industrial, healthcare, and specialty gases. The company has been growing its dividends for 28 years straight and it pays a quarterly dividend of $1.275 per share. As of October 9, the stock has a dividend yield of 1.36%.

According to Insider Monkey’s database of Q2 2023, 70 hedge funds owned stakes in Linde plc (NYSE:LIN), worth collectively over $4.55 billion. Scopus Asset Management was the company’s largest stakeholder among these hedge funds.

3. McDonald’s Corporation (NYSE:MCD)

Average Analyst Rating Score: 1.9

An American multinational fast food chain, McDonald’s Corporation (NYSE:MCD) announced a 10% hike in its quarterly dividend on October 5. The company now offers a per-share dividend of $1.67 every quarter and has a dividend yield of 2.67%. Through this increase, the company took its dividend growth streak to 47 years, which makes MCD one of the best dividend stocks on our list.

At the end of June 2023, 68 hedge funds in Insider Monkey’s database reported having stakes in McDonald’s Corporation (NYSE:MCD), up from 64 in the previous quarter. The consolidated value of these stakes is over $4.2 billion.

2. Walmart Inc. (NYSE:WMT)

Average Analyst Rating Score: 1.8

Walmart Inc. (NYSE:WMT) is one of America’s leading retail corporations. The company holds a 50-year streak of consistent dividend growth and currently pays a quarterly dividend of $0.57 per share. As of October 9, the stock has a dividend yield of 1.46%.

As per Insider Monkey’s database of Q2 2023, 81 hedge funds owned investments in Walmart Inc. (NYSE:WMT), worth over $5.4 billion in total.

1. S&P Global Inc. (NYSE:SPGI)

Average Analyst Rating Score: 1.7

S&P Global Inc. (NYSE:SPGI) tops our list of the best dividend stocks to buy according to analysts. The financial information company has been consistently raising its dividends for 50 years and offers a quarterly dividend of $0.90 per share. The stock’s dividend yield on October 9 came in at 0.98%.

At the end of Q2 2023, 82 hedge funds in Insider Monkey’s database owned stakes in S&P Global Inc. (NYSE:SPGI), worth collectively roughly $8.3 billion.

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