Three corporations have been added to the S&P 500 Dividend Aristocrats Index, an elite group in relation to dividend longevity.
The Aristocrats, which can quantity 67 with its new members, have paid out a better dividend annually for at the very least 25 straight years.
The newcomers are
C.H. Robinson Worldwide
(NDSN). The adjustments will happen previous to when the market opens on Feb. 1, based on S&P Dow Jones Indices.
There have been no deletions to the index. The adjustments had been introduced on Tuesday after the market closed.
J.M Smucker’s signature merchandise embrace jam and jelly. C.H. Robinson Worldwide handles logistics for patrons, together with freight. And
‘s merchandise embrace coatings and sealants.
Longtime members of the S&P 500 Dividend Aristocrats Index embrace blue-chip names reminiscent of
Johnson & Johnson
Final yr the Aristocrats held up comparatively properly in a tough marketplace for shares amid sharply rising rates of interest and ultra-high inflation—testomony to their sturdy companies.
The S&P 500 Dividend Aristocrats Index returned minus 6% in 2022, dividends included, in contrast with minus 18% for the
J.M. Smucker’s inventory was just lately yielding 2.7%, C.H. Robinson Worldwide’s was at 2.5%, and Nordson’s was at 1.1%.
Write to Lawrence C. Strauss at [email protected]
Read the full article here