10 Dividend Aristocrat Stocks That Pay Quarterly Dividends
Today I will share several top Dividend Aristocrat stocks that pay dividends in January, April, July, and October.
Thus, if you are searching for some good companies that pay quarterly dividends, you have come to the right place.
This group represents some of the best growth stocks that pay quarterly dividends for making monthly passive dividend income. And after we go through the list, I will give you a few reasons why I think so.
So, there is no reason for delay. Let’s review today’s list of companies that pay dividends in January, April, July, and October…
Disclosure: At no cost to you, I may get commissions for purchases made through links in this post.
Stocks that Pay Dividends In January, April, July, And October
Today’s 10 companies that pay dividends in January, April, July, and October include:
- Altria
- Automatic Data Processing
- Chubb Limited
- Federal Realty Investment Corp
- Franklin Resources
- Illinois Tool Works
- Kimberly Clark
- McCormick & Company
- Medtronic
- Realty Income
Before we go through each of these January, April, July, and October dividend payers. I would like to emphasize one specific point.
It is related to making a sustainable and large passive income stream from dividends.
Dividend Aristocrats Paying in January, April, July, And October
Each of these companies and their stock is considered a Dividend Aristocrat.
This means they are companies that are part of the S&P 500 stock market index. And, have increased their dividend payout rates for at least 25 years in a row and counting.
There are only about 65 of these companies in total. So, that alone makes today’s ten, part of an elite group of stocks.
Sometimes they are referred to as dividend growth stocks. But not every dividend growth stock is a Dividend Aristocrat.
Since it takes a very strong and durable business. To pay a higher dividend rate per share. Every year for at least 25 years in a row.
As a result, they make great stock tips for dividend investors.
With that important point taken care of. Let’s go through each of the 10 stocks that pay dividends in January, April, July, and October one by one…
Altria (MO)
No longer purely a tobacco company. Altria has its hands in other sinful areas too. Such as beer and cannabis.
Thus, proudly earning the right to be called a “sin stock”. As it provides the products that fuel our vices.
Even though, it is transitioning to what is known as “reduced-risk products”. Since cigarette usage has been in a long-term decline.
More importantly, Altria is not just a Dividend Aristocrat. But has also earned the right to be called a Dividend King.
Dividend Kings have increased their dividend rate every year. For at least 50 years in a row!
And as a bonus. Altria has one of the highest dividend yields of all the stocks on today’s list.
Disclosure: Current stockholder. Initiated first purchase in 2004. And have owned ever since.
Automatic Data Processing (ADP)
ADP provides payroll processing and human capital management services for its clients.
This includes activities like time & attendance record keeping, talent management, and employee benefits administration.
By performing these back-office functions. The company’s clients can focus on their business.
Rather than complex administrative tasks. That ADP can do much more efficiently.
In recent years, ADP has cranked up the dividend growth. Increasing the dividend rate in some years by double-digit percentages.
This has made dividend growth stock investors like you and me. Very happy.
Disclosure: Current stockholder. Initiated first purchase in 2010. And have owned ever since.
Chubb Limited (CB)
Chubb is a global provider of insurance products and services for businesses, individuals, and families. And one of the largest publicly traded property and casualty companies in the world.
They offer a broad range of insurance coverages including:
- Property and casualty
- Accident and health
- Reinsurance
- Life insurance
The company protects lives and valuables all over the world from catastrophic loss. And while they are at it. They pay investors quarterly dividends.
Disclosure: Former stockholder. Do not own Chubb at this time.
Sold all shares in 2015. As part of a portfolio consolidation and cleanup effort.
Federal Realty Investment Corp. (FRT)
Federal Realty Investment Corp. is a Real Estate Investment Trust (REIT).
REITs acquire properties. Then rent them out to tenants.
This creates a steady stream of income. Plus modest growth from rent increases. In addition to investments in additional properties.
Federal Realty mainly manages, owns, and redevelops open-air shopping centers. Also, mixed-use properties.
Geographically, properties are primarily located in major metropolitan markets. Including New York, Los Angeles, Chicago, Miami, Boston, and Philadelphia.
With the rental income received from their properties. The company returns a large portion of this cash to shareholders. In the form of dividends. And increases those dividends every year.
Disclosure: FRT is currently on my watch list.
Franklin Resources (BEN)
As investors, we certainly can appreciate Franklin Resources.
Why? Because they are a global firm specializing in investment management. Including, wealth management, asset management, and financial technology.
They offer clients a ton of valuable experience and perspective. Having been in business for more than 70 years.
The company started paying dividends to investors way back in 1981. And more recently, has been increasing the dividend annually. And doing so by percentages in the high single digits.
Disclosure: Franklin Resources is on my watch list.
Illinois Tool Works (ITW)
ITW is a high-quality industrial company. Offering excellent diversification for dividend investors.
Since it is unlike other dividend-paying stocks. Many of which are clustered in sectors like utilities, real estate, consumer goods, and health care.
On the other hand, companies like ITW are more exposed to the ups and downs of the economic cycles. But the good ones know how to manage through it.
For example, the company operates in a variety of segments. Diversifying its exposure to any one segment in particular. Specifically…
- Automotive components
- Construction products
- Food equipment
- Polymers and fluids
- Specialty Products
- Test and measurement and electronics
- Welding
Disclosure: ITW has been on my watch list. Just wish I would have stopped watching. And bought it many years ago.
Kimberly Clark (KMB)
Kimberly Clark produces and sells household products. Diapers, tissues, and toilet paper are part of their product lineup.
The demand for their products has increased dramatically. As more and more people worked and relaxed from home in recent years.
One thing I am sure about is this. Kimberly Clark has increased its dividend every year since 1973.
Disclosure: Current stockholder. Initiated first purchase in 2009. And have owned ever since.
McCormick & Company (MKC)
McCormick makes spices. You see their products in just about every grocery store.
But they define themselves even more broadly than just a spice company. Referring to themselves as a global leader in flavor. Since they have sauces and herbs as part of their stable of products.
They own some powerful and well-known brands. Including…
- Cattlemen’s BBQ Sauce
- Cholula Hot Sauce
- Frank’s RedHot
- Kitchen Basics
- Lawry’s
- Old Bay
…to name just a few.
Furthermore, the company uses its cash wisely. Investing for growth, returning cash to shareholders in the form of dividends, and reducing debt.
It is a great dividend stock to buy and hold in the packaged food sector. Hormel, being another one of my favorites.
Disclosure: McCormick is currently on my watch list.
Medtronic (MDT)
Medtronic is a global healthcare solutions company. Operating in these primary areas:
- Cardiac and vascular
- Minimally invasive therapies
- Restorative therapies
- Diabetes services and solutions
Furthermore, the company has made some big acquisitions. Doing so to jump-start growth during the past decade.
It usually won’t be the highest-yielding stock in anyone’s portfolio. But annual dividend growth has been strong. Typically in the high single-digit percentages.
Plus, it’s good to know Medtronic has increased its dividend every year. Dating back to 1978.
Disclosure: Current stockholder. Initiated first purchase in 2010. And have owned ever since.
Realty Income (O)
Realty Income is another REIT. On today’s list of stocks that pay dividends in January, April, July, and October.
Yes. The company pays dividends in these months.
But, known as the Monthly Dividend Company. It is one of the relatively few high-quality monthly dividend stocks, in my opinion.
So, if you want to regularly make money from dividend investing. Realty Income is a good dividend stock to consider.
The company specializes in free-standing commercial properties. Located in highly visible areas that have lots of traffic. Some of their well-known tenants include:
- Walgreens
- 7-Eleven
- Dollar General
- Fed-X
- LA Fitness
What’s more, Realty Income has been paying investors monthly dividends every year. Since listing their stock publicly on the New York Stock Exchange. Dating back to 1994.
Disclosure: Current stockholder. Initiated first purchase in 2008. And have owned ever since.
Okay. That concludes a brief review of each of the 10 Dividend Aristocrat stocks paying dividends in January, April, July, and October.
But, hang with me for a couple more minutes. Since I’m not quite done yet…
3 Points About Dividend Aristocrats paying in January, April, July, And October
Besides being Aristocrats. And having the same quarterly dividend payment profile.
These stocks have a few other things in common. Allow me to explain.
Dividend Yield And Dividend Growth
As a whole, this group of stocks has a wide range of dividend yields. From just under 2%. Up to nearly 8%.
Generally, I prefer dividend yields on my stocks in the 3-5% range. Why?
First, because that level provides for making enough current dividend income right now.
Second, stocks with modest dividend yields in this range. Tend to increase their dividends at a more rapid rate.
On the other hand, higher-yielding stocks (more than 5%) tend to have slower dividend growth.
In all cases, these stocks provide what I call the dividend stock investor’s triple play. Providing these 3 things…
- Current dividend payments
- Future dividend increases
- Opportunity for share price appreciation.
Dividend Payout Ratios
Next, I want to touch on the dividend payout ratio. An important metric to keep an eye on.
Specifically, each of these 10 great companies paying dividends in January, April, July, and October. Has a dividend payout ratio suitable for their financial situation.
Allow me to explain…
First, a company’s dividend payout ratio is merely the value of its financial resources. That it pays to investors in the form of cash dividends.
Furthermore, when I say financial resources. I’m talking about either earnings or cash flow. And sometimes both. Using each to cross-check the other.
Thus, dividends paid as a percentage of either financial resource can be an effective measure. For evaluating the dividend payment capacity of a company.
Finally, when I say suitable for their financial situation. What I mean is there is no “one size fits all” dividend payout ratio. For every company in every industry.
But, in my opinion, these companies all have acceptable dividend payout ratios. Allowing room for future annual dividend increases. Even if their cash flow or earnings take a temporary hit.
Thus, effective management by a company of its dividend payout ratio. Is one tool that allows them to become and remain Dividend Aristocrats.
Constructing A Dividend Income Portfolio From Stocks That Pay Dividends In January, April, July, And Ocober
As a dividend investor. It is so very important to stay diversified.
Never allowing one stock to become too large. Or, one stock market sector to dominate a portfolio.
Looking at this basket of dividend-paying companies. You could say they are a group of Dividend Aristocrats to buy now.
Either by adding them to an existing portfolio. Or, for a brand new dividend investor creating a 10 stock portfolio paying dividends.
Whatever your case may be. It’s hard to go wrong investing a reasonable amount of money in Dividend Aristocrats for investors seeking:
- Current dividend income
- Future dividend increases
- Potential for share price appreciation
As I said earlier. It’s the dividend investor’s triple play. But just a reminder. Never buy a stock just for the timing of its dividend payments.
Do your research. As part of a well-rounded investment process. And make a sound investment decision. No exceptions!
One last point. Then I will wrap up. Promise!
Other Resources For January, April, July, And October Dividends
First, we know any pick from this group of stocks. Would be a nice addition to a dividend portfolio.
On the other hand, you may be looking for more.
So, I would like to point out some of the resources I’ve used. To help me build my dividend portfolio over the past 20 years.
Hopefully, one or more of these resources can help you too…
First, there is the Simply Investing Report. It covers hundreds of dividends stocks from the U.S and Canada.
Then delivers recommendations each month right to your inbox. Of the best dividend stocks to buy at the moment. Based on Simply Investing’s rigorous investment criteria.
And the same goes for the Stock Advisor from Motley Fool. It is an excellent resource.
With a solid long-term track record. For picking high-performing stocks dating back to 2002.
Finally, there is Personal Capital. A total money management tool.
For budgeting, managing spending, and being able to see all of your entire financial life in one place online.
So, be sure to make the most of your money and investments. By checking out any of the above resources that best meet your needs.
Okay. That’s all I have for today. Allow me to wrap up with a summary…
Stocks that Pay Dividends In January, April, July, And October
Here are 10 top Dividend Aristocrats paying dividends in January, April, July, and October:
- Altria
- Automatic Data Processing
- Chubb Limited
- Federal Realty Investment Corp
- Franklin Resources
- Illinois Tool Works
- Kimberly Clark
- McCormick & Company
- Medtronic
- Realty Income
Any or all are suitable for investors seeking current income, dividend growth, and long-term share price appreciation.
More Reading About Stocks That Pay Dividends
- The dividend archives: 100+ articles
- Best ways to earn dividends from stocks
- All about the McDonald’s dividend
Author Bio: Tom Scott founded the consulting and coaching firm Dividends Diversify, LLC. He leverages his expertise and decades of experience in goal setting, relocation assistance, and investing for long-term wealth to help clients reach their full potential.