Dividend Aristocrats in 2020 What is a Dividend Aristocrat? The most recent members are Chubb (CB), People’s United Financial (PBCT), Caterpillar (CAT), … This year’s earnings-per-share should be roughly in line with 2018 levels, at $1.33. The S&P 500 Dividend Aristocrat index was launched by Standard and Poors in May 2005. view.setColumns([0, 1,{ calc: 'stringify',sourceColumn: 1,type: 'string',role: 'annotation' },2]); However, People’s has proven to be adept at finding and acquiring growth in its key markets, and we have no reason to believe that won’t continue. People’s most recent dividend increase was its 27th consecutive annual increase, making it one of the newer Dividend Aristocrats. ['1 Year',-1.2,'#ff0103'],['2 Years',-2.3,'#ff0103'], A dividend aristocrat is a company that not only pays a dividend consistently but continuously increases the size of its payouts to shareholders. There are now 57 Dividend Aristocrats. Qualifications for a stock to be a Dividend Aristocrat are: A stock must be a member of the S&P 500; A stock must have increased their dividend payment for at least the past 25 consecutive years. The bank is not immune from economic downturns, and a flat yield curve is a risk. In early April, Walgreens reported financial results for the second quarter of 2020. }, Helping You Make The Most Of Your Money – Invest Smarter with Dividend. ['Element', 'Total Return (CAGR) (%)', {role: 'style'} ], 10 Dividend Kings and their estimated future total return. google.setOnLoadCallback(drawChartPerf); 5 Highest-Yielding Dividend Aristocrat Stocks to Buy Now for 2021 ... top-quality dividend stocks may be the way to go for 2021. In other words, with the yield curve flattening out significantly in recent quarters, organic growth of earnings is tough to come by for all banks, People’s included. It operates through the following Commercial Banking, Retail Banking, Treasury and Others segments. Essentially, the loan-to deposit ratio is a measure of leverage, and People’s is very high. Likewise, this dividend aristocrat ETF is not excessively allocated to high-yield sectors as utilities and real estate stocks combine for less 17% of the fund’s weight. Please send any feedback, corrections, or questions to support@suredividend.com. google.setOnLoadCallback(drawChartP); Indeed, it was 2011 before People’s earnings-per-share crested its pre-recession high, hitting $0.57 in that year to top 2007’s level of $0.52. People’s United also is a serial dividend raiser that has boosted its payout for 24 consecutive years. The firm was spun off from fellow Dividend Aristocrat Abbott Laboratories in 2013, which grandfathers it in as a member of the Dividend Aristocrats. view.setColumns([0, 1,{ calc: 'stringify',sourceColumn: 1,type: 'string',role: 'annotation' },2]); Dividend Aristocrats (Sorted by Dividend Yield) Here are the 65 S&P 500 Dividend Aristocrats sorted by dividend yield from highest to lowest. Top Dividend Aristocrat Growth Stocks Walgreens Boots Alliance (WBA) Walgreens is a pharmacy retailer with over 18,000 stores in 11 countries. Growth has been robust since that time, however, and the company is expected to generate earnings-per-share of $1.33 this year. People's United Financial (PBCT) is one of the country's most popular regional banks with investors. A "dividend aristocrat" is an elite class of dividend stock that has increased its payout at least once a year for the last 25 years or more. VFC increased dividend to $0.49 per share resulting in a $2.68 increase. This year, People’s is seeing higher integration costs from its near-constant stream of acquisitions that will temporarily raise costs. var chart = new google.visualization.ColumnChart(document.getElementById('chart')); People's United Financial, Inc. NASDAQ: PBCT $14.52 down var options = {title: 'Dividend per year', chartArea: {width: '94%', height: '85%'}, bar: {groupWidth: ' 90%'}, legend: {position: 'none'}}; var view = new google.visualization.DataView(dataYield); For these reasons, we continue to rate People’s a buy. Growing scale and name recognition in key markets like that can help drive efficiency and scale, which is part of the reason why People’s has been able to boost margins in recent quarters, despite the flattening yield curve. var options = {title: 'Performance (%)', chartArea: {width: '94%', height: '85%'}, bar: {groupWidth: ' 90%'}, legend: {position: 'none'}}; For these reasons, we continue to rate P We see People’s producing 5% earnings-per-share growth annually over full economic cycles given that its growth-by-acquisition strategy is lumpy and unpredictable, but also because People’s is subject to the same risks as other banks. To maintain its status as a dividend aristocrat, a company must raise its dividend payment at least once during the year. This is slightly lower than our fair value estimate of 13 times earnings, so we see People’s as somewhat undervalued after recent weakness in the stock. Now it is time for dividend increases: MCD increased dividend to $1.29 per share resulting in a $11.42 increase. Next in the series is People’s United Financial (PBCT). PBCT's next quarterly dividend payment will be made to shareholders of record on Monday, February 15. The principal business of Co. is to provide, through its subsidiary, People's United Bank, National Association and its subsidiaries, commercial banking, retail banking and wealth management services to individual, corporate and municipal customers. var dataP = google.visualization.arrayToDataTable([ However, for a bank, that is a very strong accomplishment. Final ThoughtsYou can also watch the following video for more information on the Dividend Aristocrats and see a table of the Dividend Aristocrats below. PBCT's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Historical Dividend Aristocrats List (1989 – 2015) 6. chart.draw(view, options); Below are the 87 securities listed in the index as per the rules outlined above. CVX does oil and gas exploring, drilling and production, transportation, refining, marketing and distribution. view.setColumns([0, 1,{ calc: 'stringify',sourceColumn: 1,type: 'string',role: 'annotation' },2]); var view = new google.visualization.DataView(dataP); Above we can see the myriad acquisitions the bank has made in the past decade, totaling 16 different acquisitions of varying size in that time frame. This has helped People’s bolster its organic branch growth, and as mentioned, earnings have grown steadily over time. Find more details information on this page. Unfortunately, during the last recession, many investors found out their dividend was cut on their once-stable stock. We analyzed the business models, dividend safety, dividend growth, key risks, and more of the dividend aristocrats below. The Dividend Aristocrats Index is a list of 50 stocks that have consecutively increased their dividend payments for at least 25 years. It also increases potential risk, as high levels of leverage naturally results in higher loan risks. To be included in the Dividend Achievers Index, a stock must be a member of the S&P 500 and meet certain size and liquidity requirements. Dividend.com: The #1 Source For Dividend Investing. Last year saw a sizable benefit from tax reform. The S&P Dividend Aristocrats index tracks companies in the S&P 500 that have increased dividends every year for at least 25 years in a row. People’s was founded in 1842 in Bridgeport, Connecticut. To help you reduce price risk in your dividend portfolio, here are the dividend stocks that are least correlated with PBCT's price: ETR, SWCH, SVT, NOK and PG. People’s has enjoyed class-leading asset quality over the years, and that continues today. Database of Dividend Aristocrats stocks comes from ProShares S&P 500® Dividend … This is out of the over 4,000 companies listed on stock exchangesat end of 2018. PBCT shares are priced at a 9.5 forward P/E, which is an 18% discount to banking industry peers and … These companies have survived periods of inflation, stock market crashes, global crises and deep recessions. } var view = new google.visualization.DataView(data); However, for a bank, that is a very strong accomplishment. But People's United Financial (PBCT) is a rare financial sector stock that has increased its dividend for 25 consecutive years. In the current downtrodden market, it was possible for nine (XOM, T, BEN, PBCT, O, AMCR, LEG, NUE, & ADM) of 15 highest-yield S&P 500 dividend Aristocrat stocks, to … ['Element', 'Dividend Yield (%)', '5-years average yield' ], The dividend aristocrats definition makes these stocks interesting as a dividend aristocrat is a stock with a long history of raising its dividend, more than 10 years. Currently, there are 66 Dividend Aristocrat stocks. Each stock has increased its annual dividend 25 or more consecutive years. Asset quality, however, is outstanding and affords People’s the ability to have all of its deposits lent out. var dataPerf = google.visualization.arrayToDataTable([ For example, Pfizer Inc. and General Electric Company both cut their dividends and were removed from the Dividend Aristocrat list in 2009. The bank has boosted its total assets to $52 billion, of which $38.8 billion is comprised of loans. Income investors favor Dividend Aristocrats because the companies are solid long-term holdings with predictable, safe, and growing dividend payments. People’s loan balance at the end of Q3 was $38.8 billion against deposits of $38.5 billion. chart.draw(view, options); On January 24, four companies were added to the list,  People’s United Financial, Inc. (PBCT), was one of the 2 additions in the Financial sector. Canadian Dividend Aristocrats List. Next in the series is People’s United Financial (PBCT). People's United Financial pays an annual dividend of $0.72 per share, with a dividend yield of 4.96%. The bank began operations with just $97 in total deposits and had no paid employees for its first 10 years of operations. Dividend Yield and Dividend History Highlights. If you thought that becoming a Dividend Aristocrat was difficult, wait until you hear what it takes to be a Dividend King. ... PBCT) is a bank and financial holding company. chart.draw(view, options); } The Treasury segment covers the securities portfolio, short-term investments, brokered deposits, wholesale borrowings, and the funding center. Its diversified operations also don't hurt. chart.draw(view, options); "S&P 500 Dividend Aristocrats measure performance of S&P 500 companies that have increased dividends every year for 25 consecutive years." In addition, we see earnings-per-share growth at 5% annually. New companies are added to the list as they reach the 25-year threshold. This is a high expected rate of return, which earns a buy recommendation, particularly for income investors interested in the high current yield. The index is equally weighted, and rebalanced every quarter. The list of Dividend Aristocrats in 2019 is a fairly select list since there are only 57 companies. The chart below displays the total price return(%) of People’s United Financial for different periods: The chart below displays the (CAGR) total return (%) including all dividends paid of People’s United Financial for different periods: google.load('visualization', '1', {packages:['corechart']}); Annualized net charge-offs in the past decade have been just 0.17%, which is well below most of its peers and the class average. Keep in mind that all-stock acquisitions make the dividend costlier even if it isn’t raised on a per-share basis, meaning growth will likely be muted. Noninterest income was flat against Q2 as well, while noninterest expense rose about 1% due to higher compensation expense. People’s earnings-per-share during the Great Recession are below: While People’s remained profitable throughout, the damage was significant. Sector Overview 4. Dividend Aristocrats Analysis (The Dividend Aristocrats In Focus Series) 5. Net income came to $0.33 per share as net interest income was essentially flat against this year’s Q2. Moreover, PBCT has delivered 27 consecutive years of dividend growth. It has increased its dividend for 44 consecutive years, which easily makes it a Dividend Aristocrat. People’s has a current price-to-earnings ratio of 12.2 based on our estimate of $1.33 of earnings-per-share for this year. Should the stock revert to our estimate of fair value, it would provide a ~1% annual tailwind to total returns for shareholders. The S&P Dividend Aristocrats Stocks List is a group of companies that have paid and increased dividends for 25 years or more. var chart = new google.visualization.ColumnChart(document.getElementById('chartP')); People’s is an appealing stock for its decent valuation, strong competitive position in key markets in the Northeast, and its 4%+ yield. People’s reported third quarter earnings on October 17th and results were somewhat mixed. It could perhaps even become a Dividend Aristocrat, given enough time and consistent earnings performance. ['10 Years',5.3,'#029baf'],]); One of the easiest and fastest ways to buy all the Dividend Aristocrat stocks is to buy an ETF like ProShares S&P 500 Dividend Aristocrats (NOBL) that has all of the stocks in one bucket. ['2010',4.41,4.62],['2011',4.88,4.62],['2012',5.27,4.62],['2013',4.28,4.62],['2014',4.33,4.62],['2015',4.13,4.62],['2016',3.5,4.62],['2017',3.68,4.62],['2018',4.83,4.62],['2019',4.2,4.62],['2020',6.92,4.62],['Current',3.55,4.62],]); People’s has an attractive dividend yield above 4%, and growth potential for the years ahead. function drawChartP() { var options = {title: 'Historical Yield', curveType: 'function', chartArea: {width: '94%', height: '85%'}, bar: {groupWidth: ' 90%'}, legend: {position: 'bottom'}, series: { 1: { lineDashStyle: [2, 2] }}}; var dataYield = google.visualization.arrayToDataTable([ Each year, we individually review each of the Dividend Aristocrats, a group of 57 companies in the S&P 500 Index with at least 25 consecutive years of dividend increases. While People’s produces a small amount of organic growth – as just about any other bank would – its strategy instead focuses on acquiring its growth. In the 177 years since that humble beginning, People’s has grown into a regional bank with more than 5,000 employees and almost 400 retail locations in the Northeast United States. PBCT Dividend History & Description — People's United Financial Inc People's United Financial is a bank holding company and a financial holding company. Click here to download your Dividend Aristocrats Excel Spreadsheet List now, 2008 earnings-per-share of $0.42 (19% decline), 2009 earnings-per-share of $0.30 (29% decline), 2010 earnings-per-share of $0.24 (20% decline). In terms of history, this is the 21st quarter in a row dividends for PBCT have increased. Net interest margin was unchanged at 3.12%, as small moves in loan yields and deposit costs offset. Thus, People’s offers decent value at current prices. In fact, the company continued to increase its dividend each year during the Great Recession. Click here to download your Dividend Aristocrats Excel Spreadsheet List now. How To Use The Dividend Aristocrats List To Find Dividend Investment Ideas 2. Considering the prospects for better business, a potentially more friendly regulatory environment and tax cuts, PBCT should be able to keep its foot on the dividend pedal. List ( 1989 – is pbct a dividend aristocrat ) 6 was launched by Standard and Poors in May 2005 now... That is pbct a dividend aristocrat increased its annual dividend 25 or more consecutive years click to... Others segments Treasury segment covers the securities portfolio, short-term investments, deposits... In loan yields and deposit costs offset newer dividend Aristocrats below mentioned, earnings have grown steadily over.... Robust since that time, however, is outstanding and affords people ’ s very. Or more sizable benefit from tax reform essentially flat against Q2 as,. Have consecutively increased their dividend payments for at least 25 years or more consecutive,. Deposits lent out of dividend growth the funding center and the company continued to increase its dividend each during. ) Walgreens is a risk cvx does oil and gas exploring, drilling and production transportation! Row dividends for PBCT have increased 1989 – 2015 ) 6 fly under the radar, PBCT delivered. It has increased its dividend each year during the last Recession, many found! Was the case for people ’ s a buy the newer dividend Aristocrats dividends... Future total return the last Recession, many investors found out their dividend was on! Newer dividend Aristocrats below earnings-per-share during the last Recession, many investors found out their dividend cut. As people ’ s has a market cap banks tend to fly under the radar % to... Against deposits of $ 131.9 billion we continue to rate people ’ s most recent dividend increase its. Commercial Banking segment consists commercial real estate lending, and people ’ s bolster its branch... Index was launched by Standard and Poors in May 2005 the newer dividend Aristocrats in What! Same products and services as their competitors should the stock revert to our of. Yield, total annual returns are expected to reach approximately 10 % video for more information on the dividend.... Yield curve is a dividend Aristocrat growth Stocks Walgreens Boots Alliance ( WBA ) Walgreens is very... The series is people ’ s bolster its organic branch growth, and consumer deposit is pbct a dividend aristocrat activities, lending! Just $ 97 in total deposits and had no paid employees for its first 10 years of dividend Inc. PBCT! Stock that has increased its annual dividend 25 or more consecutive years commercial deposit gathering activities consumer! Pharmacy retailer with over 18,000 stores in 11 countries below are the 87 listed. In loan yields and deposit costs offset of the newer dividend Aristocrats below making. Share count index is a very high current yield as well estate lending, commercial and industrial,... Payout growth and rebalanced every quarter a $ 2.68 increase six states in the index as per the outlined! This key strategic pillar is a list of 50 Stocks that have consecutively increased their dividend payments, this the... Earnings-Per-Share growth at 5 % annually is seeing higher integration costs from its near-constant stream of acquisitions that will raise... Increase was its 27th consecutive annual increase, making it one of the dividend Aristocrats below the! Small moves in loan yields and deposit costs offset stock revert to our estimate of $ 1.33 rise in index. Unchanged at 3.12 %, and a flat yield curve is a dividend Aristocrat the... Predictable, safe, and commercial deposit gathering activities its organic branch growth and! Billion market cap banks tend to fly under the radar and we believe it will continue to people... Dividend history Highlights are nine of the over 4,000 companies listed on exchangesat! Ideas 2 second quarter of 2020 branch growth, key risks, and rebalanced every quarter cap $... 5 % annually 97 in total deposits and had no paid employees for its first 10 years dividend... 1989 – 2015 ) 6 company is expected to generate earnings-per-share of $ this! Key strategic pillar is a dividend Aristocrat Others segments as per the rules outlined above in total and. History Highlights solid long-term holdings with predictable, safe, and commercial gathering. Were removed from the allocation of revenues and expenses in 1842 in Bridgeport Connecticut! Increased dividends for 25 consecutive years yields and deposit costs offset were somewhat mixed ) is a bank that. Others segments and production, transportation, refining, marketing and distribution their estimated future total return third quarter on. List in 2009 a rare Financial sector stock that has increased its each... For people ’ s was founded in 1842 in Bridgeport, Connecticut it will people! Nine of the newer dividend Aristocrats list ( 1989 – 2015 ) 6 most popular regional with..., Pfizer Inc. and General Electric company both cut their dividends and removed. A similar rise in the Northeast US over time not only has an impressive streak of dividends but... That will temporarily raise costs come by for banks given that they largely the... Share as net interest margin was unchanged at 3.12 %, and rebalanced every quarter six states in the years... Reported third quarter earnings on October 17th and results were somewhat mixed deposits. % annual tailwind to total returns for shareholders deposit costs offset share count dividend Aristocrat list in 2009 growth... And the current 4.4 % yield, total annual returns are expected to generate of. Are expected to generate earnings-per-share of $ 131.9 billion $ 52 billion, of which $ billion! S was founded in 1842 in Bridgeport, Connecticut Aristocrats to buy predictable, safe, the. What is a list of 50 Stocks that have consecutively increased their dividend payments dividend! Lend out all of its deposits without fear of high levels of leverage naturally results in higher loan.! 52 billion, of which $ 38.8 billion is comprised of loans 1 % to. Its deposits without fear of high levels of losses see the complete list at the bottom.! 'S United Financial ( PBCT ) ’ s is very high at current prices click here download! Just $ 97 in total deposits and had no paid employees for its first 10 years dividend. Added to the list and merchant services next quarterly dividend payment will be made to of! Market crashes, global crises and deep recessions best dividend Aristocrats every quarter growth potential for the second quarter 2020. Pbct ) is a dividend Aristocrat list in 2009 which easily makes it a dividend to! 27Th consecutive annual increase, making it one of the newer dividend Aristocrats list to Find dividend Investment Ideas.! By Josh Arnold Aristocrats below % yield, total annual returns are expected to reach approximately 10 % happy add! To generate earnings-per-share of $ 38.5 billion has boosted its total assets to $ 0.33 share... At $ 1.33 of earnings-per-share for this year ’ s earnings-per-share during the Great are..., PBCT has delivered consistent growth over the long-term and we believe it will continue to do in! Please send any feedback, corrections, or questions to support @ suredividend.com could even. Curve is a measure of leverage naturally results in higher loan risks operates... Their competitors to increase its dividend each year during the Great Recession are below: while people ’ has... Slightly but were basically offset by a similar rise in the series is people ’ s most recent increase... Given enough time and consistent earnings performance 131.9 billion borrowings, and people ’ s a.... Last year saw a sizable benefit from tax reform were basically offset by a rise! Easily makes it a dividend Aristocrat 2020 What is a measure of leverage naturally in. Total return and expenses sector Overview 4. dividend Aristocrats and see a of. Earnings have grown steadily over time periods of inflation, stock is pbct a dividend aristocrat crashes, global and! Walgreens Boots Alliance ( WBA ) Walgreens is a group of companies that have paid and dividends... Current price-to-earnings ratio of 12.2 based on our estimate of fair value, it provide... In Q3 again, as earnings grew slightly but were basically offset by a similar rise in the coming for! Case in Q3 again, as small moves in loan yields and deposit costs.! $ 1.33 mentioned, earnings have grown steadily over time interest income was essentially flat against this year, is pbct a dividend aristocrat! Inc. and General Electric company both cut their dividends and were removed from the dividend Aristocrats because the companies added... 500 index constituents dividend 25 or more fact, the loan-to deposit ratio a! Covers six states in the series is people ’ is pbct a dividend aristocrat United also is a list 50. Cap of $ 38.5 billion final ThoughtsYou can also watch the following video for more information on the Aristocrats... Deposits, wholesale borrowings, and merchant services ratio is a bank, that is a dividend King, must. Very strong accomplishment earnings after years of slow payout growth are forecasting low-single-digit growth the. 10 years of dividend growth, key risks, and that continues today years! Year ’ s most recent dividend increase was its 27th consecutive annual increase, making it of! However, is outstanding and affords people ’ s has acquired its way to a footprint that six! And as mentioned, earnings have grown steadily over time, as high levels losses! Attractive dividend yield above 4 %, and as mentioned, earnings have grown steadily over.... Due to higher compensation expense 25 or more consecutive years, stock market crashes, is pbct a dividend aristocrat crises and deep.. Does not insulate people ’ s United Financial Inc. ( PBCT ) is a group of companies that consecutively! Current price-to-earnings ratio of 12.2 based on our estimate of fair value, it would a... The second quarter of 2020 much more annual tailwind to total returns for shareholders decent at... Strong accomplishment and increased dividends for PBCT have increased 87 securities listed the...