The Best-Performing Dividend Aristocrats of 2024

Walmart surprising winner with 74.4% Total Return in 2024

As we step into 2025, it’s time to review the standout performers among the Dividend Aristocrats—companies that have increased their dividends for at least 25 consecutive years. In 2024, this elite group of stocks delivered some remarkable returns, with a few companies posting extraordinary growth. Let’s take a closer look at the top five performers.

1. Walmart (WMT) – +74.4%

Walmart was the undisputed leader in 2024, posting an impressive 74.4% gain. This remarkable growth is particularly striking for a traditional retailer with an already massive market capitalization. Despite its stellar performance, Walmart’s dividend yield remains modest at 0.9%. The company has now increased its dividend for 51 consecutive years, raising it by 9.2% in 2024—its largest hike in years.

2. Casey’s General Stores (CASY) – +45.9%

Casey’s General Stores secured the second spot with a robust 45.9% gain. Known for its chain of convenience stores and fuel stations, Casey’s continues to deliver consistent growth while maintaining its commitment to annual dividend increases.

3. Brown & Brown (BRO) – +44.3%

Insurance brokerage firm Brown & Brown delivered a stellar performance, with its stock price climbing 44.3% in 2024. This marked another strong year for the company, which has grown its dividend for 30+ years.

4. Cincinnati Financial (CINF) – +41.9%

Cincinnati Financial, a major player in the insurance industry, saw its stock rise 41.9% last year. The company has now raised its dividend for over six decades, underscoring its reliability as a Dividend Aristocrat.

5. Altria (MO) – +40.3%

Rounding out the top five is Altria, which posted a 40.3% gain in 2024. The tobacco giant remains a consistent performer, balancing shareholder returns with its long-term dividend growth streak.

Notable Mentions

While these five companies led the pack in stock performance, other Dividend Aristocrats made headlines in 2024 for different reasons.

• Badger Meter (BMI): This water technology company delivered the largest dividend increase among all Aristocrats, with a 25.9% hike. Badger Meter has now increased its dividend for 33 consecutive years, though its yield remains relatively low at 0.6%.

Conclusion

The Dividend Aristocrats continue to showcase the resilience and consistency of companies that prioritize shareholder returns. While Walmart’s extraordinary 2024 performance stole the spotlight, other Aristocrats also demonstrated their enduring value through strong stock price gains and steady dividend growth. As we look ahead, these companies remain benchmarks of stability and growth in an ever-changing market.

Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.