Dividend Aristocrats are companies that have increased their dividend payouts for at least 25 consecutive years. They are often mature, stable companies with strong cash flows, making them attractive for income-focused investors. Here are five Dividend Aristocrat stocks that are worth considering in 2023.
1. Linde Plc (LIN)
Linde Plc is a leading industrial gases and engineering company with 2022 sales of $30 billion. The company serves a variety of end markets including chemicals & refining, food & beverage, electronics, healthcare, manufacturing, and primary metals. Linde’s industrial gases are used in countless applications, from life-saving oxygen for hospitals to high-purity & specialty gases for electronics manufacturing, hydrogen for clean fuels, and much more.
2. The Carlyle Group Inc (CG)
The Carlyle Group is a global investment firm with deep industry expertise that deploys private capital across four business segments: Corporate Private Equity, Real Assets, Global Credit, and Investment Solutions. With $276 billion of assets under management as of March 31, 2023, Carlyle’s purpose is to invest wisely and create value on behalf of its investors, portfolio companies, and the communities in which we live and invest.
3. Ares Management Corporation (ARES)
Ares Management Corporation is a leading global alternative investment manager operating integrated groups across Credit, Private Equity, Real Estate, and Strategic Initiatives. Ares Management’s investment groups collaborate to deliver innovative investment solutions and consistent, attractive investment returns for fund investors throughout market cycles.
4. Blackstone Inc (BX)
Blackstone is one of the world’s leading investment firms with $619 billion Assets Under Management (AUM) as of December 31, 2022. Blackstone seeks to create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works.
5. Alcon Inc (ALC)
Alcon is the global leader in eye care, dedicated to helping people see brilliantly. With a 70-plus-year heritage, Alcon is the largest eye care device company in the world, with complementary businesses in Surgical and Vision Care. Being a truly global company, Alcon has a presence in 74 countries and serves patients in more than 140.
These five Dividend Aristocrat stocks offer a mix of stable income and growth potential. They operate in different sectors of the market, providing a level of diversification for investors. As always, it’s important to do your own research and consider your own investment goals and risk tolerance before making a decision rather or not to own these stocks.
