The coronavirus pandemic has taken a severe toll on the stock market and dividend stocks such as Hormel Foods Corporation (NYSE: HRL). Global dividends fell by approximately 12.2 percent to approximately $1.26 trillion last year as a result of the pandemic. Dividend aristocrats are S&P 500 companies that have consistently increased their dividends for at least the last 25 years. These stocks are among the best dividend investment options, and approximately 65 companies are currently included in the list of dividend aristocrats.
Insider Monkey takes a look at the 10 dividend aristocrats with payout ratio less than 55%. McDonald’s Corporation is a multinational food and beverage company best known for its fast-food restaurant chain. Revenue was $5.89 billion, up 56.53 percent year over year and $319.30 million ahead of expectations. Leggett & Platt, Incorporated is the next dividend aristocrat on the list with a payout ratio of less than 55%. The business is divided into three segments: Bedding Products, Specialized Products, and Furniture, Flooring, and Textile Products. Caterpillar Inc. is ranked eighth among dividend aristocrats with a payout ratio of less than 55% on the list. Revenue was $12.89 billion, up 28.93 percent year over year and $360.55 million above expectations. Cardinal Health, Inc. is ranked seventh among dividend aristocrats with a payout ratio of less than 55%. Revenue was $42.59 billion, up 16.07 percent year over year and $2.37 billion above expectations. Atmos Energy Corporation is a US-based company engaged in regulated natural gas distribution, as well as pipeline and storage operations. The company is ranked sixth on the list of dividend aristocrats with a payout ratio of less than 55% and operates through two segments: Distribution and Pipeline and Storage. For more details, click 10 Dividend Aristocrats With Payout Ratio Less Than 55%.
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