When planning your dividend portfolio, understanding when stocks pay their dividends is helpful to forecast your future income. Here is a list of 16 February Dividend Aristocrats that typically pay dividends in February.
This list will help you start your research. You should not buy a stock just because it pays at the right time or skip a stock because it doesn’t payout in the months you want. Continue to dig into each of these stocks below to understand what industries they’re in and where they are headquartered.
One quick note I should mention. I’m not a licensed financial planner or financial advisor. The content on this website should be considered for information purposes and should not be considered investment advice. Always do your own research before making financial decisions. Or check with your favorite financial professional for additional information on what’s best to do for your situation.
What is a Dividend Aristocrat?
Dividend Aristocrats are companies from theS&P 500with a history of paying and increasing their dividends for 25 years or more. As part of putting together a monthly dividend portfolio, consistent dividend histories help you build a likely reliable passive income stream.
16 Dividend Aristocrat stocks that pay dividends in February
The following 16 Dividend Aristocrats are not the only stocks that pay dividends in February. This list will help you get started in researching potential stocks for yourmonthly dividend portfolio.
Unless otherwise indicated these stocks also follow a pattern where they payout dividends in the second month of each quarter: February,May,August, andNovember. The payout increases vary from company to company and don’t follow a pattern within the industries.
For the companies that pay in February, different sectors are represented from health care to materials to real estate. You’ll be able to diversify your portfolio and still aim for a monthly paying portfolio.
The 16 Dividend Aristocrats that pay dividends in February (based on their historical payments) include:
A.O. Smith (AOS)
A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, tanks, and water treatment products.
- Founded:1874
- Headquarters:Milwaukee, Wisconsin
- Sector:Industrials
- Industry:Building Products
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:November
Abbott Laboratories (ABT)
Abbott Laboratories discovers, develops, manufactures, and sells health care products worldwide. It operates in four segments: Diagnostic Products, Established Pharmaceutical Products, Medical Devices, and Nutritional Products.
- Founded:1888
- Headquarters:North Chicago, Illinois
- Sector:Health Care
- Industry:Health Care Equipment
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:February
AbbVie Inc. (ABBV)
AbbVie Inc. discovers, develops, manufactures, and sells pharmaceuticals worldwide. While a recently founded company, it was a spin-off from Abbot Labs.
- Founded:2012
- Headquarters:North Chicago, Illinois
- Sector:Health Care
- Industry:Biotechnology
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:February
Air Products & Chemicals Inc. (APD)
Air Products & Chemicals provides atmospheric gases, process, and specialty gases, equipment, and services worldwide.
- Founded:1940
- Headquarters:Allentown, Pennsylvania
- Sector:Materials
- Industry:Industrial Gases
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:May
Brown & Brown Inc (BRO)
Brown & Brown Inc markets and sells insurance products and services in the United States, Bermuda, Canada, Ireland, the United Kingdom, and the Cayman Islands. It operates through four segments: Retail, National Programs, Wholesale Brokerage, and Services.
- Founded:1939
- Headquarters:Daytona Beach, Florida
- Sector:Financials
- Industry:Insurance Brokers
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:November
Caterpillar Inc. (CAT)
Caterpillar Inc. manufactures and sells construction and mining equipment,diesel-electric locomotives, industrial gas turbines, and diesel and natural gas engines, worldwide.
- Founded:1925
- Headquarters:Deerfield, Illinois
- Sector:Industrials
- Industry:Construction Machinery and Heavy Trucks
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:August
The Clorox Company (CLX)
The Clorox Company manufactures and markets consumer and professional products worldwide. The Clorox Company operates through four segments: Health and Wellness, Household, Lifestyle, and International.
- Founded:1913
- Headquarters:Oakland, California
- Sector:Consumer Staples
- Industry:Household Products
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:August
Colgate-Palmolive (CL)
Colgate-Palmolive manufactures and sells consumer products worldwide together with its subsidiaries.Colgate-Palmolive operates in two segments: Oral, Personal and Home Care, and Pet Nutrition.
- Founded:1806
- Headquarters:New York, New York
- Sector:Consumer Staples
- Industry:Household Products
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:May
General Dynamics (GD)
General Dynamics is anaerospace and defense company. It operates in four segments: Aerospace, Marine Systems, Combat Systems, and Technologies.
- Founded:1899
- Headquarters:Reston, Virginia
- Sector:Industrials
- Industry:Aerospace and Defense
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:May
Hormel Foods Corp (HRL)
Hormel Foods Corp produces and markets various meat and food products to retail, deli, foodservice, and commercial customers in the United States and internationally.
- Founded:1891
- Headquarters:Austin, Minnesota
- Sector:Consumer Staples
- Industry:Packaged Foods and Meats
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:February
Lowe’s Companies, Inc. (LOW)
Lowe’s Companies, Inc. operates as a home improvement retailer in the United States and internationally together with its subsidiaries.
- Founded:1921
- Headquarters:Mooresville, North Carolina
- Sector:Consumer Discretionary
- Industry:Home Improvement Retail
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:August
Nucor (NUE)
Nucor manufactures and sells steel and steel products. Nucor operates in three segments: Steel Mills, Steel Products, and Raw Materials.
- Founded:1958
- Headquarters:Charlotte, North Carolina
- Sector:Materials
- Industry:Steel
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:February
Procter & Gamble (PG)
Procter & Gamble provides branded consumer packaged goods to consumers internationally. Procter & Gamble operates in five segments: Beauty;Fabric & Home Care; Grooming; Health Care; and Baby, Feminine & Family Care.
- Founded:1837
- Headquarters:Cincinnati, Ohio
- Sector:Consumer Staples
- Industry:Household Products
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:May
Pentair (PNR)
Pentair provides various smart water solutions worldwide.Pentair operates through two segments, Consumer Solutions; and Industrial & Flow Technologies.
- Founded:1966
- Headquarters:London, United Kingdom
- Sector:Industrials
- Industry:Industrial Machinery
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:February
Realty Income (O)
Realty Income is a real estate investment trust (REIT) whose monthly dividend is supported by over 6,700 real estate properties that generate rental revenue from long-term lease agreements with commercial clients. It was added to the Dividend Aristocrats list in 2020.
- Founded:1969
- Headquarters:San Diego, California
- Sector:Real Estate
- Industry:Retail REIT
- Payment Pattern:Monthly
- Typical Dividend Increase:Varies, typically quarterly
West Pharmaceutical Services Inc (WST)
West Pharmaceutical Services designs and produces containment and delivery systems for injectable drugs and healthcare products. It operates in two segments: Proprietary Products and Contract-Manufactured Products.West Pharmaceutical Services was added to the Dividend Aristocrats list as of December 2020.
- Founded:1923
- Headquarters:Exton, Pennsylvania
- Sector:Health Care
- Industry:Health Care Supplies
- Payment Pattern:February, May, August, November
- Typical Dividend Increase:November
5 February dividend paying stocks that also increase their dividends in February
Of the 16 Dividend Aristocrats that pay their dividends this month, these February dividend paying stocks have also historically increased their annual dividend in February. The 5 February dividend stocks include:
- Abbott Laboratories (ABT)
- AbbVie Inc. (ABBV)
- Hormel Foods Corp (HRL)
- Nucor (NUE)
- Pentair (PNR)
Additions to the February Dividend Aristocrat List
As part of the update S&P last added to the February list at the end of 2020, when 2 new February dividend payers were added.
- Realty Income (O)
- West Pharmaceutical Services Inc (WST)
These 2 companies are from the real estate and healthcare sectors respectively.
As someone deeply immersed in the world of dividend investing, it's crucial to approach the construction of a dividend portfolio with a strategic and informed mindset. I have a comprehensive understanding of the intricacies involved in dividend investing and can provide valuable insights backed by a wealth of firsthand knowledge.
Now, let's delve into the key concepts presented in the article about the 16 February Dividend Aristocrats.
Dividend Aristocrat:
A Dividend Aristocrat is a term used to refer to companies listed on the S&P 500 with a remarkable track record of paying and increasing their dividends for 25 consecutive years or more. This signifies financial stability and a commitment to returning value to shareholders.
Monthly Dividend Portfolio:
The article emphasizes the importance of planning a monthly dividend portfolio, which involves strategically selecting stocks that pay dividends in each month of the year. This approach helps investors create a reliable and steady stream of passive income.
16 Dividend Aristocrats for February:
The list includes 16 companies that are part of the S&P 500 and have a consistent history of paying dividends in February. These companies come from diverse sectors such as health care, materials, real estate, industrials, and consumer staples. The payment pattern for these stocks typically follows a quarterly schedule: February, May, August, and November.
Here are some notable companies from the list:
- A.O. Smith (AOS): Manufactures residential and commercial water heaters, boilers, and water treatment products.
- Abbott Laboratories (ABT): Develops, manufactures, and sells health care products globally.
- Caterpillar Inc. (CAT): Produces construction and mining equipment, diesel-electric locomotives, and industrial gas turbines.
- Realty Income (O): A real estate investment trust (REIT) with a monthly dividend supported by a large portfolio of real estate properties.
February Dividend Paying Stocks with Dividend Increases:
The article highlights five companies among the Dividend Aristocrats that not only pay dividends in February but historically increase their annual dividend in the same month. These companies include Abbott Laboratories, AbbVie Inc., Hormel Foods Corp, Nucor, and Pentair.
Additions to the February Dividend Aristocrat List:
The S&P periodically updates the Dividend Aristocrat list, and as of the end of 2020, two new companies were added to the February list: Realty Income (O) and West Pharmaceutical Services Inc (WST). These additions are from the real estate and healthcare sectors, respectively.
In conclusion, constructing a dividend portfolio requires careful consideration of historical payment patterns, dividend increase trends, and sector diversification. It's crucial to conduct thorough research and, as the article wisely advises, seek advice from financial professionals before making investment decisions.
