One of the best places to find stocks with dividend longevity is the Dividend Aristocrats, which is a group of 65 stocks in the S&P 500 Index that have raised their dividends for at least 25 consecutive years. Even better, investors can focus on high-yield Dividend Aristocrats with yields over 4%.

In this article, we’ll take a look at three of the highest-yielding Dividend Aristocrats with safe dividends.

Amcor plc (AMCR)

Amcor is one of the world’s largest designers and manufacturers of packaging for food, pharmaceutical, medical, and other consumer products. The company is headquartered in the U.K.

Amcor reported its first-quarter results for Fiscal Year (FY)2023 on November 1, 2022. The company fiscal year ends at the end of June. Sales were up 9% for the quarter compared to the first quarter of FY 2022. This quarter, sales grew from $3,712 million in 1Q2022 to $3,420 million this quarter, driven by price increases of about $400 million representing 12% growth.

Net sales on a comparable constant currency basis were 3% higher than the same period last year reflecting price/mix benefits. Volumes were 0.6% lower than last year. Net income was flat year-over-year. The company also declared a quarterly cash dividend of $0.1225 per share, which is an increase of 2.1%. The company has now increased its dividend for three straight years.

Management provided an outlook for Fiscal Year (FY) 2023, and they see an EPS growth of 3%-8%. The management team updated its adjusted EPS expectations on a reported basis to $0.77 to $0.81 vs. consensus of $0.81. They also reaffirmed adjusted Free Cash Flow of $1.0 – $1.1 billion.

Amcor Plc was created from two sturdy dividend payers, so we see no reason why that trend should not continue. The merger with Bemis brings it growth prospects in developing markets. Plus, with the merger into one gigantic manufacturing entity, Amcor has increased the ability to negotiate better costs from its suppliers. The company's balance sheet looks to be stable with a created rating of BBB. Shares currently yield 4.0%.

Stanley Black & Decker (SWK)

Stanley Black & Decker is a world leader in power tools, hand tools, and related items. The company holds the top global position in tools and storage sales. Stanley Black & Decker is second in the world in the areas of commercial electronic security and engineered fastening.

On July 20th, 2022, Stanley Black & Decker raised its quarterly dividend 1.3% to $0.80, extending the company’s dividend growth streak to 55 consecutive years.

On October 27th, 2022, Stanley Black & Decker announced third quarter results for the period ending September 30th, 2022. Revenue grew 9% to $4.1 billion, topping estimates by $120 million. Adjusted earnings-per-share of $0.76 compared very unfavorably to $2.77 in the prior year, but was $0.06 above expectations.

Organic growth declined 2%. Sales for Tools & Outdoor, the largest segment within the company, experienced an organic decline of 5% as a 7% benefit from pricing was once again more than offset by a decline in volume. North America fell 4% and both emerging markets and Europe were lower by 2%.

The company’s manageable dividend payout ratio does make it likely that dividends will continue rising even through a serious economic downturn. Stanley Black & Decker’s key competitive advantage is that its products are well-known and respected by customers. This was why the company has been able to increase prices in certain product categories over the years and not see a decline in sales.

SWK is a Dividend Aristocrat and a Dividend King. Shares currently yield 4.3%.

T. Rowe Price (TROW)

T. Rowe Price Group is one of the largest publicly traded asset managers. The company provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans and financial intermediaries.

On October 28th, 2022, T. Rowe Price announced third quarter results for the period ending September 30th, 2022. Revenue decreased 18.5% to $1.59 billion, which was $60 million more than expected. Adjusted earnings-per-share of $1.86 compared to $3.27 in the prior year, but was $0.05 above estimates.

During the quarter, assets under management (AUM) declined $79.7 billion to $1.23 trillion. This decline was due to net client outflows of $24.6 billion, net distributions not reinvested of $55.1 billion, client transfers of $3.3 billion, and market deprecation. Operating expenses increased 5.8% to $1 billion year-over-year and 20% sequentially.

T. Rowe has increased its dividend for over 30 consecutive years, while the stock has a 4.3% current yield.

Disclosure: No positions in any stocks mentioned
_______________
Bob Ciura has worked at Sure Dividend since October 2016. He oversees all content for Sure Dividend and its partner sites. Bob received a Bachelor’s degree in Finance from DePaul University, and an MBA with a concentration in Investments from the University of Notre Dame.