The 2025 Dividend Champions: Updates, Performance, and Analysis

This article provides an updated list of the Dividend Champions in 2025, select financial data and analysis. The list and data are updated monthly.

The Dividend Champions 2025 companies on United States stock exchanges have raised their dividend for 25+ consecutive years. This list is a select list of only 133 companies. This number is from nearly 6,000 companies listed on the New York Stock Exchange (NYSE) and NASDAQ in 2025, indicating a success rate of approximately 2.22%.

This list is not one of the best or top Dividend Champions. Instead, it is an informational source to assist in making investment decisions. Lastly, the Dividend Champions list was first created in 2008 by David Fish (deceased in 2018). He originally started the list in the Dividend Investing Resource Center.

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Market Update for the 2025 Dividend Champions

The Dividend Champions 2025 are currently trading at an elevated valuation of a trailing average price-to-earnings ratio of about 23.79X. This multiple is down from its peak of more than 31X in May 2021. 

The current average dividend yield is about 2.82%. The average trailing 10-year dividend growth rate is about 6.71%, and the average past 5-year dividend growth rate is around 6.07%. On average, the payout ratio is approximately 61.91%. The mean market cap is currently $52,742 million. 

Currently, the Dividend Champion with the highest yield is Universal Health Realty (UHT), and the one trading with the lowest earnings multiple is BankOZK (OZK). 

The updated, selected financial data and the dividend earnings calendar for each stock in the Dividend Champions list are in the tables below. The most recent dividend increases are also available to search.

According to Stock Rover*, in the trailing 1-year, the Dividend Champions 2025 have returned +8.9% (blue line) compared to +11.7% for the S&P 500 Index (red line), as seen in the chart below. Over the trailing 5-years, this group of stocks has returned +79.0%, and the S&P 500 has returned +114.2%.

List of Dividend Champions in 2025

Stock Rover* and Portfolio Insight* were used to create this table. Sign up to either one to gain access to data, charts, and screeners.

Ticker	Company Name	No. Years	Dividend Yield (%)	10-yr Dividend Growth Rate (%)	Payout Ratio (%)	TTM P/E Ratio	Market Cap (millions)
ABM	ABM Indus	58	2.40	5.20	77.80	36	$2,797
ADM	Archer-Daniels-Midland	50	3.90	6.20	70.50	18.3	$24,983
ADP	Automatic Data Processing	50	2.00	12.10	59.90	31.4	$124,545
AFL	Aflac	43	2.30	11.50	32.20	15.9	$55,243
ALB	Albemarle	31	2.70	3.40	n/a	n/a	$7,144
ALRS	Alerus Financial	26	3.90	7.20	76.90	20.3	$531
ANDE	Andersons	29	2.10	3.40	24.10	11.5	$1,246
AOS	A.O. Smith	32	2.10	13.60	36.70	17.8	$9,067
APD	Air Products	43	2.60	8.30	102.90	40.3	$62,394
AROW	Arrow Finl	32	4.40	3.80	64.70	14.9	$422
ARTNA	Artesian Resources	33	3.70	3.50	57.40	16.2	$349
ATO	Atmos Energy	41	2.30	8.40	46.50	21.4	$24,300
ATR	AptarGroup	32	1.20	4.90	31.50	27.6	$9,982
AWR	American States Water	71	2.40	8.10	56.20	24	$3,026
BANF	BancFirst	32	1.50	10.50	27.00	18.2	$3,985
BDX	Becton Dickinson	53	2.40	5.70	76.80	33.3	$49,356
BEN	Franklin Resources	45	5.80	7.90	182.60	32.2	$11,650
BF.B	Brown-Forman	41	3.40	6.00	42.10	14.4	$12,485
BKH	Black Hills	55	4.80	5.30	67.30	14.6	$4,168
BMI	Badger Meter	33	0.60	13.60	28.20	53.5	$7,149
BRC	Brady	40	1.40	1.80	23.40	16.8	$3,215
BRO	Brown & Brown	31	0.60	10.60	15.50	29.7	$34,747
CASY	Casey's General Stores	26	0.50	9.60	13.40	34.6	$18,426
CAT	Caterpillar	31	1.70	7.30	26.80	17.4	$167,925
CB	Chubb	32	1.40	3.40	17.40	13.8	$114,930
CBSH	Commerce Bancshares	57	1.80	7.10	26.20	15.1	$8,096
CBU	Community Financial Sys	33	3.30	4.40	50.70	15.3	$2,913
CFR	Cullen/Frost Bankers	31	3.20	6.60	41.30	13.6	$8,024
CHD	Church & Dwight Co	29	1.20	5.80	48.80	41.7	$23,911
CHRW	C.H. Robinson Worldwide	27	2.70	5.00	58.40	22.3	$11,106
CINF	Cincinnati Financial	65	2.40	6.60	35.60	16	$22,876
CL	Colgate-Palmolive	62	2.30	3.20	56.30	25.6	$73,148
CLX	Clorox	48	4.00	5.10	86.60	22.1	$15,168
CNI	Canadian National Railway	30	2.50	11.00	65.80	19.9	$65,281
CSL	Carlisle Companies	49	1.10	14.90	14.10	19.9	$15,476
CTAS	Cintas	41	0.70	19.50	34.30	51.6	$89,796
CTBI	Community Trust Bancorp	45	3.70	4.60	39.00	10.6	$915
CVX	Chevron	38	4.70	4.80	75.20	16.7	$252,749
CWT	California Water Servs Gr	58	2.60	6.00	50.20	20.5	$2,777
DCI	Donaldson	39	1.80	5.00	35.60	23	$7,965
DOV	Dover	70	1.20	2.60	12.30	23.5	$24,273
EBTC	Enterprise Bancorp	30	2.50	8.00	29.60	12.2	$497
ECL	Ecolab	33	1.00	7.00	32.90	36	$74,906
ED	Consolidated Edison	51	3.30	2.70	61.40	19.2	$37,775
EMR	Emerson Electric	68	1.70	1.20	50.00	36.2	$70,616
ENB	Enbridge	29	5.90	7.30	187.00	23.6	$102,062
EPD	Enterprise Prods Partners	28	6.70	3.60	78.70	12	$69,513
ERIE	Erie Indemnity	35	1.50	7.20	49.70	30.4	$18,654
ES	Eversource Energy	27	4.60	6.10	127.10	28.6	$24,254
ESS	Essex Property Trust	31	3.60	6.00	94.80	27.3	$18,315
EXPD	Expeditors International	31	1.40	7.90	24.10	19	$15,755
FAST	Fastenal	26	2.10	12.10	79.60	42.2	$48,379
FDS	FactSet Research Systems	27	1.10	9.60	29.20	29.9	$15,971
FELE	Franklin Electric	33	1.30	10.50	26.20	22.1	$3,857
FRT	Federal Realty Investment	58	4.60	2.40	126.20	27.4	$8,219
FUL	H.B. Fuller	56	1.70	6.10	43.60	27.3	$2,935
GD	General Dynamics	34	2.10	8.10	39.50	19.7	$75,956
GGG	Graco	28	1.30	10.60	36.00	29.5	$13,962
GPC	Genuine Parts	69	3.40	5.30	66.10	19.7	$16,610
GWW	W.W. Grainger	54	0.90	6.80	21.00	27.3	$51,124
HRL	Hormel Foods	59	3.80	8.80	84.20	22.5	$16,815
HTO	H2O America	26	3.20	8.00	54.00	17.7	$1,811
IBM	IBM	30	2.40	2.60	112.80	47.4	$257,647
ITW	Illinois Tool Works	62	2.50	12.00	51.80	21.3	$70,842
JKHY	Jack Henry & Associates	34	1.30	8.80	37.90	30.5	$13,041
JNJ	Johnson & Johnson	63	3.30	5.70	54.80	17.5	$377,994
KMB	Kimberly-Clark	53	3.90	3.70	66.80	17.8	$43,823
KO	Coca-Cola	63	2.90	4.40	78.60	28.5	$307,862
LANC	Lancaster Colony	63	2.30	7.50	60.10	27.3	$4,615
LECO	Lincoln Electric Holdings	30	1.50	10.00	35.70	24.8	$11,236
LIN	Linde	32	1.30	7.70	40.90	33.8	$220,047
LOW	Lowe's Companies	63	2.20	17.50	38.00	18	$121,766
MATW	Matthews International	30	4.60	6.80	44.70	n/a	$677
MCD	McDonald's	50	2.40	7.60	60.40	26.7	$215,875
MDT	Medtronic	48	3.30	8.70	84.60	24.2	$111,874
MGEE	MGE Energy	50	2.10	4.80	50.20	24.8	$3,228
MGRC	McGrath RentCorp	33	1.70	6.90	19.70	11.8	$2,799
MKC	McCormick & Co	26	2.40	8.40	58.60	25.5	$19,850
MO	Altria Group	55	6.90	7.00	67.80	10	$99,028
MSA	MSA Safety	54	1.30	5.20	28.10	22.4	$6,374
NDSN	Nordson	62	1.50	13.50	38.60	27.6	$12,113
NEE	NextEra Energy	31	3.00	11.40	78.80	28	$155,188
NFG	National Fuel Gas	55	2.50	3.00	438.30	n/a	$7,603
NJR	New Jersey Resources	30	4.00	7.20	42.70	10.8	$4,479
NNN	NNN REIT	36	5.50	3.30	106.70	19.8	$7,972
NUE	Nucor	52	1.80	4.00	38.40	21.5	$28,133
NWFL	Norwood Financial	25	4.90	4.10	2016.70	n/a	$234
NWN	Northwest Natural Hldg	69	4.90	0.50	77.60	15.8	$1,601
O	Realty Income	32	5.60	3.50	287.60	52.4	$52,301
ORI	Old Republic Intl	44	3.10	4.60	34.60	12.2	$9,236
OZK	Bank OZK	29	3.90	12.30	26.40	7.3	$5,031
PB	Prosperity Bancshares	27	3.40	7.80	43.50	12.9	$6,443
PEP	PepsiCo	53	4.40	7.30	79.50	19.2	$179,405
PG	Procter & Gamble	69	2.60	4.80	62.40	25.5	$375,783
PH	Parker Hannifin	69	1.10	11.10	24.70	25.2	$83,578
PII	Polaris	30	6.60	2.40	368.10	57.1	$2,322
PPG	PPG Indus	54	2.60	6.60	57.20	18.8	$24,278
RBCAA	Republic Bancorp	27	2.70	9.20	27.50	11.3	$1,331
RGCO	RGC Resources	25	4.10	4.90	63.10	15.9	$209
RLI	RLI	50	0.90	5.40	19.10	24.1	$6,704
RNR	RenaissanceRe Holdings	30	0.70	2.90	5.00	7.8	$11,889
ROP	Roper Technologies	32	0.60	12.70	22.00	40.5	$60,289
RPM	RPM Intl	51	1.90	7.00	38.70	21.7	$13,879
RTX	RTX	32	1.90	0.60	73.30	42.7	$194,635
SBSI	Southside Bancshares	30	5.10	5.40	49.30	9.6	$857
SCL	Stepan	57	2.80	7.90	61.80	22.2	$1,237
SEIC	SEI Investments	34	1.20	7.40	20.30	18.1	$10,331
SHW	Sherwin-Williams	47	0.90	13.50	27.40	31.8	$84,171
SJM	JM Smucker	28	4.50	5.40	43.06	n/a	$10,186
SON	Sonoco Prods	43	4.80	4.20	134.20	54.1	$4,431
SPGI	S&P Global	52	0.80	11.30	28.90	39.4	$153,798
SRCE	1st Source	38	2.60	8.80	25.00	10.5	$1,465
SWK	Stanley Black & Decker	58	5.00	4.70	134.60	27.6	$10,227
SYK	Stryker	32	0.90	9.30	43.70	51	$144,190
SYY	Sysco	55	2.90	5.40	52.60	19.2	$36,012
TGT	Target	58	4.70	8.00	48.90	10.5	$43,332
THFF	First Financial	37	4.00	7.60	41.60	11.1	$606
TMP	Tompkins Finl	39	4.10	4.00	47.60	11.8	$878
TNC	Tennant	53	1.60	4.00	31.60	20.8	$1,392
TR	Tootsie Roll Industries	59	1.10	4.50	29.00	27.4	$2,035
TROW	T. Rowe Price Group	39	5.60	9.30	56.50	10.4	$20,176
UBSI	United Bankshares	50	4.20	1.50	54.60	13.1	$5,004
UGI	UGI	37	4.20	5.60	61.70	14.9	$7,682
UHT	Universal Health Realty	40	7.20	1.50	215.40	30.3	$565
UMBF	UMB Financial	33	1.60	5.50	19.80	12.7	$7,644
UVV	Universal	54	5.40	4.50	63.80	16	$1,491
WABC	Westamerica Bancorp	33	3.90	1.90	35.30	9.4	$1,229
WLY	John Wiley & Sons	26	3.70	2.00	187.70	51	$2,052
WMT	Walmart	52	1.00	3.70	36.50	40.3	$753,670
WST	West Pharmaceutical Servs	32	0.40	6.70	12.80	34.8	$15,943
WTRG	Essential Utilities	34	3.40	7.00	57.60	17.1	$10,666
XOM	Exxon Mobil	43	3.50	3.10	51.50	14.9	$483,196
YORW	York Water	28	2.70	3.90	62.80	23.6	$464

Dividend Calendar for the Dividend Champions 2025

Stock Rover* and Portfolio Insight* were used to create this table. Sign up to track your dividends and income.

Ticker	Company	Ex-Dividend Date	Dividend Record Date	Dividend Payment Date	Dividend Frequency	Next Dividend Payment Per Share	Forward Dividend Per Share
ABM	ABM Indus	7/3/25	7/3/25	8/4/25	4	$0.26	$1.06
ADM	Archer-Daniels-Midland	5/21/25	5/21/25	6/11/25	4	$0.51	$2.04
ADP	Automatic Data Processing	6/13/25	6/13/25	7/1/25	4	$1.54	$6.16
AFL	Aflac	5/21/25	5/21/25	6/2/25	4	$0.58	$2.32
ALB	Albemarle	6/13/25	6/13/25	7/1/25	4	$0.41	$1.62
ALRS	Alerus Financial	6/27/25	6/27/25	7/11/25	4	$0.21	$0.81
ANDE	Andersons	4/1/25	4/1/25	4/22/25	4	$0.19	$0.78
AOS	A.O. Smith	4/30/25	4/30/25	5/15/25	4	$0.34	$1.36
APD	Air Products	7/1/25	7/1/25	8/11/25	4	$1.79	$7.16
AROW	Arrow Finl	5/13/25	5/13/25	5/23/25	4	$0.28	$1.12
ARTNA	Artesian Resources	5/16/25	5/16/25	5/27/25	4	$0.31	$1.23
ATO	Atmos Energy	5/27/25	5/27/25	6/9/25	4	$0.87	$3.48
ATR	AptarGroup	5/1/25	5/1/25	5/22/25	4	$0.45	$1.80
AWR	American States Water	5/19/25	5/19/25	6/3/25	4	$0.47	$1.86
BANF	BancFirst	6/30/25	6/30/25	7/15/25	4	$0.46	$1.84
BDX	Becton Dickinson	6/9/25	6/9/25	6/30/25	4	$1.04	$4.16
BEN	Franklin Resources	6/27/25	6/27/25	7/11/25	4	$0.32	$1.28
BF.B	Brown-Forman	6/9/25	6/9/25	7/1/25	4	$0.23	$0.91
BKH	Black Hills	5/16/25	5/16/25	6/1/25	4	$0.68	$2.70
BMI	Badger Meter	5/23/25	5/23/25	6/6/25	4	$0.34	$1.36
BRC	Brady	7/10/25	7/10/25	7/31/25	4	$0.24	$0.96
BRO	Brown & Brown	5/12/25	5/12/25	5/21/25	4	$0.15	$0.60
CASY	Casey's General Stores	8/1/25	8/1/25	8/15/25	4	$0.57	$2.28
CAT	Caterpillar	7/21/25	7/21/25	8/20/25	4	$1.51	$6.04
CB	Chubb	6/13/25	6/13/25	7/3/25	4	$0.97	$3.88
CBSH	Commerce Bancshares	6/6/25	6/6/25	6/24/25	4	$0.28	$1.10
CBU	Community Financial Sys	6/13/25	6/13/25	7/10/25	4	$0.46	$1.84
CFR	Cullen/Frost Bankers	5/30/25	5/30/25	6/13/25	4	$1.00	$4.00
CHD	Church & Dwight Co	5/15/25	5/15/25	6/2/25	4	$0.29	$1.18
CHRW	C.H. Robinson Worldwide	6/6/25	6/6/25	7/1/25	4	$0.62	$2.48
CINF	Cincinnati Financial	6/23/25	6/23/25	7/15/25	4	$0.87	$3.48
CL	Colgate-Palmolive	7/18/25	7/18/25	8/15/25	4	$0.52	$2.08
CLX	Clorox	4/23/25	4/23/25	5/9/25	4	$1.22	$4.88
CNI	Canadian National Railway	6/9/25	6/9/25	6/30/25	4	$0.65	$2.59
CSL	Carlisle Companies	5/19/25	5/19/25	6/2/25	4	$1.00	$4.00
CTAS	Cintas	5/15/25	5/15/25	6/13/25	4	$0.39	$1.56
CTBI	Community Trust Bancorp	6/13/25	6/15/25	7/1/25	4	$0.47	$1.88
CVX	Chevron	5/19/25	5/19/25	6/10/25	4	$1.71	$6.84
CWT	California Water Servs Gr	5/12/25	5/12/25	5/23/25	4	$0.30	$1.20
DCI	Donaldson	6/16/25	6/16/25	6/30/25	4	$0.30	$1.20
DOV	Dover	5/30/25	5/30/25	6/16/25	4	$0.51	$2.06
EBTC	Enterprise Bancorp	5/12/25	5/12/25	6/2/25	4	$0.25	$1.00
ECL	Ecolab	6/17/25	6/17/25	7/15/25	4	$0.65	$2.60
ED	Consolidated Edison	5/14/25	5/14/25	6/16/25	4	$0.85	$3.40
EMR	Emerson Electric	5/16/25	5/16/25	6/10/25	4	$0.53	$2.11
ENB	Enbridge	5/15/25	5/15/25	6/1/25	4	$0.69	$2.74
EPD	Enterprise Prods Partners	4/30/25	4/30/25	5/14/25	4	$0.54	$2.14
ERIE	Erie Indemnity	7/8/25	7/8/25	7/22/25	4	$1.37	$5.46
ES	Eversource Energy	5/15/25	5/15/25	6/30/25	4	$0.75	$3.01
ESS	Essex Property Trust	6/30/25	6/30/25	7/15/25	4	$2.57	$10.28
EXPD	Expeditors International	6/2/25	6/2/25	6/16/25	2	$0.77	$1.54
FAST	Fastenal	4/25/25	4/25/25	5/23/25	4	$0.22	$0.88
FDS	FactSet Research Systems	5/30/25	5/30/25	6/18/25	4	$1.10	$4.40
FELE	Franklin Electric	5/8/25	5/8/25	5/22/25	4	$0.26	$1.06
FRT	Federal Realty Investment	7/1/25	7/1/25	7/15/25	4	$1.10	$4.40
FUL	H.B. Fuller	4/29/25	4/29/25	5/13/25	4	$0.23	$0.94
GD	General Dynamics	7/3/25	7/3/25	8/8/25	4	$1.50	$6.00
GGG	Graco	7/21/25	7/21/25	8/6/25	4	$0.28	$1.10
GPC	Genuine Parts	6/6/25	6/6/25	7/2/25	4	$1.03	$4.12
GWW	W.W. Grainger	5/12/25	5/12/25	6/1/25	4	$2.26	$9.04
HRL	Hormel Foods	7/14/25	7/14/25	8/15/25	4	$0.29	$1.16
HTO	H2O America	5/12/25	5/12/25	6/2/25	4	$0.42	$1.68
IBM	IBM	5/9/25	5/9/25	6/10/25	4	$1.68	$6.72
ITW	Illinois Tool Works	6/30/25	6/30/25	7/11/25	4	$1.50	$6.00
JKHY	Jack Henry & Associates	5/29/25	5/29/25	6/18/25	4	$0.58	$2.32
JNJ	Johnson & Johnson	5/27/25	5/27/25	6/10/25	4	$1.30	$5.20
KMB	Kimberly-Clark	6/6/25	6/6/25	7/2/25	4	$1.26	$5.04
KO	Coca-Cola	6/13/25	6/13/25	7/1/25	4	$0.51	$2.04
LANC	Lancaster Colony	6/6/25	6/6/25	6/30/25	4	$0.95	$3.80
LECO	Lincoln Electric Holdings	6/30/25	6/30/25	7/15/25	4	$0.75	$3.00
LIN	Linde	6/4/25	6/4/25	6/18/25	4	$1.50	$6.00
LOW	Lowe's Companies	7/23/25	7/23/25	8/6/25	4	$1.20	$4.80
MATW	Matthews International	5/12/25	5/12/25	5/26/25	4	$0.25	$1.00
MCD	McDonald's	6/2/25	6/2/25	6/16/25	4	$1.77	$7.08
MDT	Medtronic	6/27/25	6/27/25	7/11/25	4	$0.71	$2.84
MGEE	MGE Energy	5/30/25	6/1/25	6/15/25	4	$0.45	$1.80
MGRC	McGrath RentCorp	7/17/25	7/17/25	7/31/25	4	$0.49	$1.94
MKC	McCormick & Co	4/7/25	4/7/25	4/21/25	4	$0.45	$1.80
MO	Altria Group	6/16/25	6/16/25	7/10/25	4	$1.02	$4.08
MSA	MSA Safety	5/15/25	5/15/25	6/10/25	4	$0.53	$2.12
NDSN	Nordson	6/18/25	6/19/25	7/3/25	4	$0.78	$3.12
NEE	NextEra Energy	6/2/25	6/2/25	6/16/25	4	$0.57	$2.27
NFG	National Fuel Gas	6/30/25	6/30/25	7/15/25	4	$0.54	$2.14
NJR	New Jersey Resources	6/10/25	6/10/25	7/1/25	4	$0.45	$1.80
NNN	NNN REIT	4/30/25	4/30/25	5/15/25	4	$0.58	$2.32
NUE	Nucor	6/30/25	6/30/25	8/11/25	4	$0.55	$2.20
NWFL	Norwood Financial	4/15/25	4/15/25	5/1/25	4	$0.31	$1.24
NWN	Northwest Natural Hldg	4/30/25	4/30/25	5/15/25	4	$0.49	$1.96
O	Realty Income	7/1/25	7/1/25	7/15/25	12	$0.27	$3.23
ORI	Old Republic Intl	6/6/25	6/6/25	6/16/25	4	$0.29	$1.16
OZK	Bank OZK	4/14/25	4/14/25	4/21/25	4	$0.43	$1.72
PB	Prosperity Bancshares	6/13/25	6/13/25	7/1/25	4	$0.58	$2.32
PEP	PepsiCo	6/6/25	6/6/25	6/30/25	4	$1.42	$5.69
PG	Procter & Gamble	4/21/25	4/21/25	5/15/25	4	$1.06	$4.23
PH	Parker Hannifin	5/9/25	5/9/25	6/6/25	4	$1.80	$7.20
PII	Polaris	6/2/25	6/2/25	6/16/25	4	$0.67	$2.68
PPG	PPG Indus	5/12/25	5/12/25	6/12/25	4	$0.68	$2.72
RBCAA	Republic Bancorp	6/20/25	6/20/25	7/18/25	4	$0.45	$1.80
RGCO	RGC Resources	7/18/25	7/18/25	8/1/25	4	$0.21	$0.83
RLI	RLI	5/30/25	5/30/25	6/20/25	4	$0.16	$0.64
RNR	RenaissanceRe Holdings	6/13/25	6/13/25	6/30/25	4	$0.40	$1.60
ROP	Roper Technologies	7/8/25	7/8/25	7/22/25	4	$0.82	$3.30
RPM	RPM Intl	4/17/25	4/17/25	4/30/25	4	$0.51	$2.04
RTX	RTX	5/23/25	5/23/25	6/12/25	4	$0.68	$2.72
SBSI	Southside Bancshares	5/22/25	5/22/25	6/5/25	4	$0.36	$1.44
SCL	Stepan	5/30/25	5/30/25	6/13/25	4	$0.38	$1.54
SEIC	SEI Investments	6/9/25	6/9/25	6/17/25	2	$0.49	$0.98
SHW	Sherwin-Williams	5/16/25	5/16/25	6/6/25	4	$0.79	$3.16
SJM	JM Smucker	5/16/25	5/16/25	6/2/25	4	$1.08	$4.32
SON	Sonoco Prods	5/9/25	5/9/25	6/10/25	4	$0.53	$2.12
SPGI	S&P Global	5/28/25	5/28/25	6/11/25	4	$0.96	$3.84
SRCE	1st Source	5/5/25	5/5/25	5/15/25	4	$0.38	$1.52
SWK	Stanley Black & Decker	6/3/25	6/3/25	6/17/25	4	$0.82	$3.28
SYK	Stryker	6/30/25	6/30/25	7/31/25	4	$0.84	$3.36
SYY	Sysco	7/3/25	7/3/25	7/25/25	4	$0.54	$2.16
TGT	Target	8/13/25	8/13/25	9/1/25	4	$1.14	$4.50
THFF	First Financial	4/1/25	4/1/25	4/15/25	4	$0.51	$2.04
TMP	Tompkins Finl	5/9/25	5/9/25	5/16/25	4	$0.62	$2.48
TNC	Tennant	5/30/25	5/30/25	6/16/25	4	$0.29	$1.18
TR	Tootsie Roll Industries	6/18/25	6/19/25	7/10/25	4	$0.09	$0.36
TROW	T. Rowe Price Group	6/13/25	6/13/25	6/27/25	4	$1.27	$5.08
UBSI	United Bankshares	6/13/25	6/13/25	7/1/25	4	$0.37	$1.48
UGI	UGI	6/16/25	6/16/25	7/1/25	4	$0.38	$1.50
UHT	Universal Health Realty	6/23/25	6/23/25	6/30/25	4	$0.74	$2.96
UMBF	UMB Financial	6/10/25	6/10/25	7/1/25	4	$0.40	$1.60
UVV	Universal	7/14/25	7/14/25	8/4/25	4	$0.82	$3.28
WABC	Westamerica Bancorp	5/5/25	5/5/25	5/16/25	4	$0.46	$1.84
WLY	John Wiley & Sons	4/8/25	4/8/25	4/24/25	4	$0.35	$1.41
WLYB	John Wiley & Sons	4/8/25	4/8/25	4/24/25	4	$0.35	$1.41
WMT	Walmart	8/15/25	8/15/25	9/2/25	4	$0.23	$0.94
WST	West Pharmaceutical Servs	7/30/25	7/30/25	8/6/25	4	$0.21	$0.84
WTRG	Essential Utilities	5/13/25	5/13/25	6/2/25	4	$0.33	$1.30
XOM	Exxon Mobil	5/15/25	5/15/25	6/10/25	4	$0.99	$3.96
YORW	York Water	6/30/25	6/30/25	7/15/25	4	$0.22	$0.88

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Promotions to Dividend Kings in 2024

In 2023, four Dividend Champions were promoted to the Dividend Kings list. These stocks achieved a 50-year mark for consecutive annual dividend increases. These companies were Nucor Corporation (NUE), RPM International (RPM), S&P Global (SPGI), and Walmart (WMT).

Additions to the Dividend Champions in 2024

In 2024, McCormick & Company (MKC), Norwood Financial (NWFL), RGC Resources (RGCO), and John Wiley & Sons (WLY) were added to the list of Dividend Champions.

McCormick & Company is the leading producer of spices, seasonings, and flavorings.

Norwood Financial is small bank operating in northeastern Pennsylvania and parts of New York.

RGC Resources is a natural gas utility in Roanoke, Virginia.

John Wiley & Sons sells books, journals, and online content.

Deletions to the Dividend Champions in 2024

In 2024, at least three companies fell off the list. 3M Company (MMM) cut its dividend because of lawsuits and divesting its healthcare segment. It ended a 66-year streak. Second, Leggett & Platt (LEG) cut its dividend after years of lower revenue, earnings per share, and rising debt. Lastly, Telephone and Data Systems (TDS) cut its dividend because of competition in its fiber and cellular businesses.

A few other companies may have also dropped off the list such as and W. P. Carey (WPC).

Other Dividend Stock Lists

The other U.S. stock lists are:

• Dividend Kings in 2025
• Dividend Aristocrats in 2025
• Dividend Contenders in 2025
• Dividend Challengers in 2024
• Dogs of the Dow in 2025

For Canadian stocks, we have an article on

• Canadian Dividend Aristocrats in 2024

For UK stocks, we have an article on

• UK High Yield Dividend Aristocrats in 2025

Other dividend stock lists

• Stocks Paying 100+ Years of Dividends
• Canadian Stocks Paying 100+ Years of Dividends

FAQs About the 2025 Dividend Champions

What do I like About the Dividend Champions 2025?

The Dividend Champions 2025 list is a screen for further investigating stocks for a dividend growth portfolio. It is a list of companies with stable businesses that have competitive advantages and have returned cash to shareholders consistently through dividends and, in some cases, buybacks over an extended period.

Over -The-Counter Stocks Increase the Number

The number of Dividend Champions increases if we include over-the-counter (OTC) stocks. As a result, the total universe of U.S. stocks goes up to about 12,000. Several small banks and other equities are not traded on the NYSE or NASDAQ and are thus not included in this list. For example, Farmers & Merchants Bancorp (FMBC) has raised its dividend for 50 years. However, the stock is thinly traded on the OTC market. Another example is Eagle Financial Services (EFSI), which has raised the dividend for 35 years but is also a thinly traded on the OTC market. There are higher risks with thinly traded stocks, and we do not include them in this list.

In addition, the list changes slowly. However, even during extreme economic duress, such as the COVID-19 pandemic, only a handful of companies dropped off the list each year. This fact points to the resiliency of the businesses on the Dividend Champions 2025 list and management’s commitment to the dividend.

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What are the Differences Between the Dividend Champions and Dividend Aristocrats

The Dividend Champion 2025 list is broader and more comprehensive than the Dividend Aristocrat list. A stock must only meet the requirement for raising the dividend for 25+ years to be added to the Dividend Champions List. However, the criteria for inclusion as a Dividend Aristocrat is stricter. In addition to the 25+ years of dividend increases, a stock must be a part of the S&P 500 Index, have a minimum market capitalization of $3 billion, and meet trading volume and sector weighting requirements.

Hence, a stock can be a Dividend Champion but not a Dividend Aristocrat.

What are the Differences Between Dividend Champions and Dividend Kings

The Dividend Kings are more exclusive than the Dividend Champions. To become a Dividend King, a stock must raise its dividend for 50+ consecutive years, a much harder achievement. However, a company can be a Dividend King, a Dividend Champion, and a Dividend Aristocrat. For instance, The Coca-Cola Company (KO) is found on all three lists. 

Two MLPs and Six REITs Are on the Dividend Champions 2025 List

The 2025 Dividend Champions list contains many banks, utilities, consumer defensive, and industrial companies. 

The list includes two Master Limited Partnerships (MLPs): Enbridge (ENB) and Enterprise Products Partners (EPD).

The Dividend Champions list has six Real Estate Investment Trusts (REITs): Essex Property Trust (ESS), Federal Realty Investment (FRT), National Retail Properties (NNN), Realty Income (O), and Universal Health Realty (UHT).

In addition, W.P. Carey will fall off the list in 2025 because it reduced the quarterly payout.

Related Articles About REITs on Dividend Power

• Essex Property Trust (ESS): Undervalued REIT
• Best REITs for Safe Income
• Federal Realty (FRT): A Dividend King REIT
• Essex, Realty Income, and Federal Realty: The Three Dividend Aristocrat REITs

What is the Sector and Industry Breakdown?

Companies from the Financial sector have the most significant representation on the Dividend Champions 2025 list, with 32 companies, followed by the Industrial sector, with 27 companies. The Consumer Defensive sector has 20, and Utilities has 16 Companies. The lowest representation is from the Communications Services sector, with one company.

Financials tend to have stable and generally rising earnings over time. There are 19 regional banks, six insurance companies, three asset managers, and two financial data & two stock exchanges on the list of Dividend Champions. Regional banks are often conservative; they have room to expand, allowing for earnings per share and dividend growth. Insurance and asset manager companies have sticky customers and grow with time.

Industrial companies tend to have somewhat more volatile earnings and cash flows, but many have conservative payout ratios, allowing them to grow dividends during recessions and economic downturns. The list includes ten specialty industrial machinery companies and one conglomerate.

Consumer Defensive companies tend to have predictable earnings and cash flows that grow slowly with time. Many did well during the COVID-19 pandemic. Larger companies in this sector tend to acquire smaller ones, leading to industry consolidation. Five household & personal products companies and four packaged food companies are on the list, including several well-known ones.

Market Size of the Dividend Champions 2025

Large-cap companies do not dominate the list, which includes quite a few mid-cap ($2 billion – $10 billion) and small-cap ($300 million – $2 billion) companies.

Walmart (WMT) is the largest dividend champion by market capitalization, and RGC Resources (RGCO) is the smallest. As mentioned before, the list does not include some small OTC stocks.

Who’s On Deck?

At the start of the year, several companies on the Dividend Contender List have raised the dividend for 24 years. This number includes Brown-Forman (BF.A), Fastenal (FAST), Norwood Financial (NWFL), RGC Resources (RGCO), and John Wiley & Sons (WLY). These stocks will become Dividend Champions, assuming they raise their dividend in 2025.

Prior Year Lists and Articles

• List of Dividend Champions in 2024
• List of Dividend Champions in 2023
• List of Dividend Champions in 2022
• List of Dividend Champions in 2021
• List of Dividend Champions in 2020
• List of Dividend Champions in 2019

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