A Dividend Aristocrat is an S&P 500-listed company that's raised its aggregate annual payout for at least 25 consecutive years. These aren't just companies that occasionally share a percentage of their profits with shareholders and then curl up in the corner when a recession strikes. These are the epitome of time-tested businesses that, in many instances, are household names. Consider them the elite of dividend-paying stocks. Assuming tech giant IBM raises its payout within the next couple of weeks, there'll be 58 Dividend Aristocrats. Among them, three stand out as screaming buys...
There's probably not a cheaper Dividend Aristocrat you can buy right now than telecom behemoth AT&T (NYSE:T). Though AT&T's high-growth days are long gone, it's been at least a decade since you could scoop up shares for 8 times next year's consensus earnings, according to Wall Street. There might not be a Dividend Aristocrat that's taken it on the chin harder of late than integrated oil and gas company ExxonMobil (NYSE:XOM). I'm generally not a fan of chasing so-called "coronavirus stocks," but healthcare services provider Cardinal Health (NYSE:CAH) was inexpensive long before COVID-19, and it's even more so now.
Source: Motley Fool
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