Markets change, but quality endures. The quality companies of the S&P 500® Dividend Aristocrats® Index have a demonstrated history of weathering market turbulence. In fact, the Dividend Aristocrats® have not just paid dividends, but grown them for at least 25 consecutive years, with most growing them for 40 or more years—and investing in them may contribute to a more resilient portfolio.
Learn about industrial supply products and services company Fastenal, the newest addition to the Dividend Aristocrats, and more about this special class of companies.
What Makes an S&P 500 Dividend Aristocrat?
- Robust Earnings: Often household names, they are an elite group of quality companies that have had stable earnings, solid fundamentals and strong histories of profit and growth.
- Lower Volatility: The index has had strong performance with lower volatility than the S&P 500 since its inception in 2005[1].
- Consistent Dividend Growth: As a group, the S&P 500 Dividend Aristocrats have grown their dividends by 8% annually since 2006[2].
S&P 500 Dividend Aristocrats
Fastenal—a 2024 Addition to the Dividend Aristocrats
Fastenal Company is the newest holding in the 67-member group. Headquartered in Winona, Minnesota, Fastenal is a business-to-business supply chain solutions company and a wholesale distributor of industrial and construction supplies. With a durable business model characteristic of a Dividend Aristocrat, the company has averaged 32.4% annualized dividend growth over the last 25 years[3].
Is there an ETF that Tracks the S&P 500 Dividend Aristocrats?
You can invest in the Dividend Aristocrats through ProShares S&P 500 Dividend Aristocrats ETF (NOBL), the only ETF focused exclusively on the S&P 500 Dividend Aristocrats. NOBL’s strategy has allowed investors to capture most of the gains of rising markets, and less of the loss in falling markets[4]. See the full list of companies that make up the holdings in NOBL.
Learn more about our suite of Dividend Growers ETFs spanning U.S. market caps and international markets.
[1]Source: Morningstar.
[2]Source: Bloomberg.
[3]Source: Bloomberg, as of 1/17/24.
[4]Source: Morningstar.
Holdings are subject to change. As of 2/1/24, NOBL included a 1.48% allocation to Fastenal Co.
The performance quoted represents past performance and does not guarantee future results. Indexes are unmanaged, and one cannot invest directly in an index.
There is no guarantee any ProShares ETF will achieve its investment objective.
Investing involves risk, including the possible loss of principal. These ProShares ETFs are subject to certain risks, including the risk that the funds may not track the performance of the index and that the funds’ market price may fluctuate, which may decrease performance. Please see their summary and full prospectuses for a more complete description of risks. There is no guarantee any ProShares ETF will achieve its investment objective.
Carefully consider the investment objectives, risks, charges and expenses of ProShares before investing. This and other information can be found in their summary and full prospectuses. Read them carefully before investing.
The "S&P 500® Dividend Aristocrats®" Index is a product of S&P Dow Jones Indices LLC and its affiliates and has been licensed for use by ProShares. "S&P®" is a registered trademark of Standard & Poor's Financial Services LLC ("S&P") and "Dow Jones®" is a registered trademark of Dow Jones Trademark Holdings LLC ("Dow Jones") and have been licensed for use by S&P Dow Jones Indices LLC and its affiliates. ProShares have not been passed on by S&P Dow Jones Indices LLC and its affiliates as to their legality or suitability. ProShares based on the S&P 500 Dividend Aristocrats Index are not sponsored, endorsed, sold or promoted by S&P Dow Jones Indices LLC, Dow Jones, S&P or their respective affiliates, and they make no representation regarding the advisability of investing in ProShares. THESE ENTITIES AND THEIR AFFILIATES MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO PROSHARES.
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NOBL
S&P 500 Dividend Aristocrats ETF
Seeks investment results, before fees and expenses, that track the performance of the S&P 500® Dividend Aristocrats® Index.