Dividend Aristocrats Soaring High in 2023: Double-Digit Gains and Consistent Dividends

Investors seeking a blend of steady income and capital appreciation often turn to Dividend Aristocrats, a group of elite companies with a history of consistently paying and increasing dividends. The best performing Dividend Aristocrat in 2023 is West Pharmaceutical Services with a 67.3% total return.

In 2023, several of these Dividend Aristocrats have not only maintained their dividend streaks but have also delivered impressive double-digit gains to investors. In this blog post, we'll explore these standout companies, sharing details about their annual dividend payments, current dividend yields, and the remarkable total returns they've achieved as of September 8, 2023.

1. West Pharmaceutical Services Inc (WST)

   - Annual Dividend Payout (as of 2023): $0.76

   - Current Dividend Yield: Approximately 0.2%

   - Total Return in 2023: An astounding 67.3%

West Pharmaceutical Services Inc has been a star performer in 2023, delivering a jaw-dropping total return of over 67%. Despite its modest dividend yield, the company's exceptional capital appreciation has rewarded investors handsomely.

2. Pentair PLC (PNR)

   - Annual Dividend Payout (as of 2023): $0.88

   - Current Dividend Yield: Approximately 1.3%

   - Total Return in 2023: A remarkable 53.2%

Pentair PLC has impressed investors with both a decent dividend yield and substantial capital gains, resulting in a total return of over 53% in 2023.

3. Brown & Brown Inc (BRO)

   - Annual Dividend Payout (as of 2023): $0.46

   - Current Dividend Yield: Approximately 0.6%

   - Total Return in 2023: An impressive 29.0%

Brown & Brown Inc has proven to be a reliable source of dividend income while also providing significant capital appreciation, leading to a total return of nearly 29% this year.

4. Nucor Corp (NUE)

   - Annual Dividend Payout (as of 2023): $2.04

   - Current Dividend Yield: Approximately 1.2%

   - Total Return in 2023: A solid 25.9%

Nucor Corp, a steel producer, has delivered double-digit total returns in 2023, underscoring the strength of its dividend aristocracy.

5. Ecolab Inc (ECL)

   - Annual Dividend Payout (as of 2023): $2.12

   - Current Dividend Yield: Approximately 1.2%

   - Total Return in 2023: A commendable 25.9%

Ecolab Inc, a leader in water, hygiene, and energy technologies, has maintained its tradition of dividend growth while also rewarding shareholders with substantial total returns.

All of the companies shown above have raised their dividend for 25+ consecutive years.

Conclusion:

These Dividend Aristocrats have not only upheld their legacy of dividend growth but have also outperformed the market, providing investors with substantial double-digit gains in 2023. While their dividend yields may vary, their strong total returns this year reflect their ability to generate wealth and income for investors. These companies span diverse sectors, from industrial and consumer goods to healthcare and finance. As with any investment, always conduct thorough research and consider your financial goals and risk tolerance before making investment decisions.