Published on February 4th, 2025 by Bob CiuraSpreadsheet data updated daily
The Dividend Aristocrats are a select group of 69 S&P 500 stocks with 25+ years of consecutive dividend increases.
The requirements to be a Dividend Aristocrat are:
Be in the S&P 500
Have 25+ consecutive years of dividend increases
Meet certain minimum size & liquidity requirements
There are currently 69 Dividend Aristocrats. You can download an Excel spreadsheet of all 69 (with metrics that matter such as dividend yields and price-to-earnings ratios) by clicking the link below:

Disclaimer: Sure Dividend is not affiliated with S&P Global in any way. S&P Global owns and maintains The Dividend Aristocrats Index. The information in this article and downloadable spreadsheet is based on Sure Dividend’s own review, summary, and analysis of the S&P 500 Dividend Aristocrats ETF (NOBL) and other sources, and is meant to help individual investors better understand this ETF and the index upon which it is based. None of the information in this article or spreadsheet is official data from S&P Global. Consult S&P Global for official information.
Each year in late January, Standard & Poor’s updates the list of Dividend Aristocrats with additions and/or deletions. For 2025, there are three additions to the Dividend Aristocrats list.
This article will provide a detailed analysis on the three new Dividend Aristocrats for 2025.
Table of Contents
New Dividend Aristocrat For 2025: FactSet Research Systems (FDS)
Dividend History: 25 years of consecutive increases
Dividend Yield: 0.9%
FactSet Research Systems is a financial data and analytics firm founded in 1978. It provides integrated financial information and analytical tools to the investment community in the Americas, Europe, the Middle East, Africa, and Asia-Pacific.
The company provides insight and information through research, analytics, trading workflow solutions, content and technology solutions, and wealth management.
Source: Investor Presentation
On December 19th, 2024, FactSet Research Systems announced Q1 2025 results, reporting non-GAAP EPS of $4.37 for the period, beating market consensus by $0.09 while revenue rose 4.9% to $568.7 million.
FactSet Research Systems kicked off fiscal 2025 with solid, yet measured growth in Q1, reporting GAAP revenues of $568.7 million, a 4.9% year-over-year increase.
The revenue boost was driven by strong performance across its wealth management, asset owner, and institutional client segments.
Organic Annual Subscription Value (ASV), a key performance metric, rose 4.5% to $2.25 billion, reflecting sustained demand for FactSet’s financial data and analytics solutions.
FactSet has grown its earnings-per-share by an average compound growth rate of 10.3% over the last 10 years. Its investments and improved product offerings could lead to significant margin expansion in the following years.
We have increased our EPS estimate for 2025 to $17.10, matching the midpoint of the management’s guidance, but we have maintained our 8.5% annual earnings growth forecast for the next five years.
Click here to download our most recent Sure Analysis report on FDS (preview of page 1 of 3 shown below):
New Dividend Aristocrat For 2025: Erie Indemnity (ERIE)
Dividend History: 34 years of consecutive increases
Dividend Yield: 1.3%
Erie Indemnity is an insurance company that has established itself in life insurance, auto, home, and commercial insurance. The company’s history dates to the 1920s.
Erie Indemnity reported its third quarter earnings results on October 31. Revenue totaled $999 million during the quarter, up 16% year-over-year.
Revenue growth was driven by higher management fee revenues (for policy issuance and renewal services), which rose by 19% year-over-year. Administrative services fee revenue grew 6%.
Erie Indemnity’s investment income was up substantially on a year-over-year basis during the quarter, which can be explained by tailwinds from higher interest rates.
Erie Indemnity generated GAAP earnings-per-share of $3.06 during the third quarter, which was up by 20% year-over-year.
Like other insurance companies, Erie Indemnity has a sizable float–cash that it has received through premiums that it invests. Therefore, its financial results are somewhat dependent on market rates.
We believe that Erie Indemnity should be able to grow its profits at a mid-single-digit rate over the next five years.
Growth will be driven by higher premium revenue, while further increases in investment income could have a positive impact on EPS growth as well.
Click here to download our most recent Sure Analysis report on ERIE (preview of page 1 of 3 shown below):
New Dividend Aristocrat For 2025: Eversource Energy (ES)
Dividend History: 27 years of consecutive increases
Dividend Yield: 5.2%
Eversource Energy is a diversified holding company with subsidiaries that provide regulated electric, gas, and water distribution service in the Northeast U.S.
The company’s utilities serve more than 4 million customers after acquiring NStar’s Massachusetts utilities in 2012, Aquarion in 2017, and Columbia Gas in 2020.
Eversource has delivered steady growth to shareholders for many years.
Source: Investor Presentation
On November 4th, 2024, Eversource Energy released its third-quarter 2024 results for the period ending September 30th, 2024.
For the quarter, the company reported a net loss of $(118.1) million, a sharp decline from earnings of $339.7 million in the same quarter of last year, which reflects the impact of the company’s exit from offshore wind investments.
The company reported a loss per share of $(0.33), compared with earnings-per-share of $0.97 in the prior year.
Earnings from the Electric Transmission segment increased to $174.9 million, up from $160.3 million in the prior year, primarily due to a higher level of investment in Eversource’s electric transmission system.
We expect the company to grow its earnings-per-share by 6% per year on average over the next five years.
The company has a good earnings track record and will benefit from rate hikes, transmission investments, and clean energy initiatives.
Click here to download our most recent Sure Analysis report on ES (preview of page 1 of 3 shown below):
Final Thoughts
All Dividend Aristocrats are high-quality businesses based on their long dividend histories. A company cannot pay rising dividends for 25+ years without having a strong and durable competitive advantage.
FactSet Research Systems, Erie Indemnity, and Eversource Energy are the three new additions to the Dividend Aristocrats list.
While the three new Dividend Aristocrats have different business models, growth catalysts, and dividend yields, all of them have proven to be committed to growing their dividends.
Additionally, the following Sure Dividend databases contain the most reliable dividend growers in our investment universe:
If you’re looking for stocks with unique dividend characteristics, consider the following Sure Dividend databases:
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