Top 7 Dividend Aristocrats to Boost Your Portfolio's Earnings

Core Insights - The article highlights the resilience and growth potential of Dividend Aristocrats, companies that have consistently raised dividends for at least 25 years, providing stability and optimism for investors [1][2] Company Summaries Walgreens Boots Alliance (WBA) - Walgreens Boots Alliance offers a forward dividend yield of 4.7% and has seen a year-over-year profit improvement in its U.S. healthcare segment, with adjusted EBITDA increasing by $84 million in Q1 fiscal 2024 compared to Q1 2023 [3][4] - VillageMD achieved a 14% growth in sales, contributing to the healthcare segment's profitability, while Shields' sales increased by 27% due to new health system contracts [3][4] 3M (MMM) - 3M has a forward dividend yield of 6.1% and implemented restructuring actions in 2023 that resulted in over $400 million in savings, leading to margin expansion and improved operational efficiency [6][7] - The company reported an operating cash flow of $2.0 billion in Q4 2023, a 3% increase year-over-year, and reduced net debt by $2 billion, or 17% year-over-year [6][7] Realty Income (O) - Realty Income has a forward dividend yield of 5.8% and maintains a high portfolio occupancy rate of 98.6% at the end of 2023, indicating strong tenant demand [8][9] - Same-store rent grew by 2.6% in Q4 2023, demonstrating healthy property performance and effective lease management [8][9] Amcor (AMCR) - Amcor holds a forward dividend yield of 5.3% and reported a GAAP diluted EPS of 9.2 cents and adjusted EPS of 15.7 cents for the quarter ending December 20, 2023 [10][11] - The company continues to maintain a strong market presence across multiple continents, with growth in specific categories despite overall volume declines [10][11] Chevron (CVX) - Chevron's forward dividend yield is 4.3%, with a stable balance sheet and a net debt ratio of 7.3% [12][13] - The company plans to increase its quarterly dividend by 8% to $1.63 per share in 2023, reflecting confidence in cash flow generation [12][13] Franklin Resources (BEN) - Franklin Resources has a forward dividend yield of 4.5% and raised nearly $5 billion in private markets in Q1 2024, indicating strong client interest in private market strategies [14][15] - The company's wealth management channel contributed significantly to fundraising success, accounting for almost 20% of capital collected for its funds [14][15] T. Rowe Price (TROW) - T. Rowe Price offers a forward dividend yield of 4.2% and is focusing on increasing market share outside the U.S., particularly in Asia Pacific and EMEA [16][17] - The company has demonstrated robust investment success, with 64% of its funds outperforming their peer group medians in 2023 [16][17]