As part of building your stock portfolio for consistent dividend payments, you may be looking at stocks with long payment histories. To help you fill your dividend income calendar here are 28 Dividend Aristocrat stocks that pay dividends in March, June, September, and December.
As you’re building your dividend portfolio, knowing the common patterns and schedules that companies pay their dividends is helpful. For Dividend Aristocrats, which have a history of paying and increasing their dividends for 25+ years, their schedules are usually consistent year over year.
To begin your research to create a portfolio that pays you monthly, here is a list of 28 Dividend Aristocrat stocks that pay dividends in March, June, September, and December.
- AFLAC Inc. (AFL)
- Amcor (AMCR)
- Archer-Daniels-Midland Co (ADM)
- Atmos Energy Corp (ATO)
- Becton Dickinson (BDX)
- Chevron Corp. (CVX)
- Church & Dwight Co., Inc. (CHD)
- Cintas Corp (CTAS)
- Consolidated Edison Inc (ED)
- Dover Corp (DOV)
- Emerson Electric (EMR)
- Exxon Mobil Corp (XOM)
- IBM (IBM)
- J M Smucker Co (SJM)
- Johnson & Johnson (JNJ)
- Linde plc (LIN)
- McDonald’s (MCD)
- NextEra Energy (NEE)
- PPG Industries (PPG)
- Sherwin-Williams (SHW)
- S&P Global (formerly McGraw Hill Financial, Inc.) (SPGI)
- Stanley Black & Decker Inc. (SWK)
- T. Rowe Price (TROW)
- Target Corporation (TGT)
- VF Corporation (VFC)
- Walgreens Boots Alliance (WBA)
- W. W. Grainger (GWW)
- 3M Company (MMM)
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.
The 4 Common Dividend Payout Schedules
There are four common patterns that companies use when paying out quarterly dividends. When you’re planning your dividend portfolio knowing these schedules can be useful to align your monthly income to each month of the year.
The 4 common dividend payment schedules align to the month of the quarter for which the dividends are distributed:
- January, April, July, and October
- February, May, August, and November
- March, June, September, and December
Owning one stock within each of the following patterns will allow you to be paid dividends monthly. One thing to keep in mind is that payouts that occur at the very end or beginning of a month, sometimes the payment shifts to the opposite month by a day or two.
While it’s not something you have control over, this could mean a December/January payment shifting months with an impact on your income taxes.
Remember to always do your research into a company before purchasing shares. Just because the payment schedules fit a whole in your portfolio doesn’t mean it’s the right investment for the moment, even with a buy-and-hold strategy. You may be able to find a more efficient stock to buy at the time.
And as part of your research double-check the historical payout schedule as well. It’s possible the company won’t 100% follow its past payment schedule in the future or a pattern has been incorrectly assigned to a stock.
28 of the Dividend Aristocrats generally pay according to the pattern: March, June, September, and December.
Dividend Aristocrat stocks that pay dividends in March, June, September, and December
The 28 dividend aristocrat stocks that typically pay the third month of each quarter as of August 2022 are:
AFLAC Inc. (AFL)
AFLAC Inc., founded in 1995, is headquartered in Columbus, Georgia. It provides supplemental health and life insurance products through its subsidiaries. AFLAC operates through two segments: Aflac U.S. and Aflac Japan. It typically increases its dividend in March.
- Sector: Financials
- Industry: Life and Health Insurance
Amcor (AMCR)
Amcor, incorporated in 1926, is headquartered in Zürich, Switzerland. It develops, produces, and sells packaging products for food, beverage, pharmaceutical, medical, home- and personal-care, and other products worldwide. Amcor operates through two segments: Flexibles and Rigid Packaging. It typically increases its dividend in March.
- Sector: Materials
- Industry: Paper Packaging
Archer-Daniels-Midland Co (ADM)
ABM Industries Incorporated, founded in 1909, is headquartered in New York, New York. It provides integrated facility solutions in the United States and internationally. Archer-Daniels-Midland Co typically pays its dividends in March, June, September, and December, and has historically increased its dividend in March.
- Sector: Consumer Staples
- Industry: Agricultural Products
Atmos Energy Corp (ATO)
Atmos Energy Corp, founded in 1906, is headquartered in Dallas, Texas. It engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States together with its subsidiaries. It operates in two segments: Distribution, and Pipeline and Storage. It typically increases its dividend in December.
- Sector: Utilities
- Industry: Gas Utilities
Becton Dickinson (BDX)
Becton Dickinson, founded in 1897, is based in Franklin Lakes, New Jersey. It develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products worldwide. Becton Dickinson typically increases its dividend in December.
- Sector: Health Care
- Industry: Health Care Equipment
Chevron Corp. (CVX)
Chevron, founded in 1879, is headquartered in San Ramon, California. It engages in integrated energy, chemicals, and petroleum operations worldwide through its subsidiaries. It operates in two segments: Upstream and Downstream. It typically increases its dividend in March.
- Sector: Energy
- Industry: Integrated Oil and Gas
Church & Dwight (CHD)
Church & Dwight, founded in 1846, is based in Ewing, New Jersey. It develops, manufactures, and markets household, personal care, and specialty products. It operates through three segments: Consumer Domestic, Consumer International, and Specialty Products Division. One of their well known brands includes the Arm & Harmer baking soda products. Church & Dwight typically increases its dividend in December.
- Sector: Consumer Staples
- Industry: Household Products
Cintas Corp (CTAS)
Cintas Corp, founded in 1968, is headquartered in Cincinnati, Ohio. It provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through 3 segments: Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. Cintas was previously an annual paying Dividend Aristocrat and switched to quarterly payments starting in 2021. For the last few years, it has typically increased its dividend in September.
- Sector: Industrials
- Industry: Diversified Support Services
Consolidated Edison Inc (ED)
Consolidated Edison, founded in 1823, is based in New York, New York. It engages in the regulated electric, gas, and steam delivery businesses in the United States through its subsidiaries. It typically increases its dividend in March.
- Sector: Utilities
- Industry: Multi-Utilities
Dover Corp (DOV)
Dover Corp, incorporated in 1947, is headquartered in Downers Grove, Illinois. It provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. It operates in 4 segments: Engineered Products, Fueling Solutions, Pumps and Process Solutions, and Refrigeration & Food Equipment. Dover Corp typically increases its dividend in September.
- Sector: Industrials
- Industry: Industrial Machinery
Emerson Electric Co. (EMR)
Emerson Electric Co., founded in 1890, is headquartered in St. Louis, Missouri. It was previously called The Emerson Electric Manufacturing Company and changed its name to Emerson Electric Co. in 2000. Emerson Electric Co. designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. It operates through 2 segments: Automation Solutions and Commercial & Residential Solutions. It typically increases its dividend in December.
- Sector: Industrials
- Industry: Electrical Components and Equipment
Exxon Mobil Corp (XOM)
Exxon Mobil Corp, founded in 1870, is based in Irving, Texas. It explores for and produces crude oil and natural gas worldwide. It operates through 3 segments: Upstream, Downstream, and Chemical. Exxon typically increases its dividend in June.
- Sector: Energy
- Industry: Integrated Oil and Gas
International Business Machines Corporation (IBM)
International Business Machines Corporationor IBM, incorporated in 1911, is headquartered in Armonk, New York. It provides integrated solutions and services worldwide. It operates through 5 segments: Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing. It typically increases its dividend in June
- Sector: Information Technology
- Industry: IT Consulting and Other Services
J M Smucker Co (SJM)
J M Smucker Co, founded in 1897, is based in Orrville, Ohio. It manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Consumer Foods, U.S. Retail Coffee, and U.S. Retail Pet Foods. J M Smucker typically increases its dividend in September.
- Sector: Consumer Staples
- Industry: Packaged Foods and Meats
Johnson & Johnson (JNJ)
Johnson & Johnson, founded in 1886 and is based in New Brunswick, New Jersey. It researches and develops, manufactures, and sells a range of products in the health care field worldwide. It operates through 3 segments: Pharmaceutical, Consumer Health, and Medical Devices. It typically increases its dividend in June.
- Sector: Health Care
- Industry: Pharmaceuticals
Linde plc (LIN)
Linde plc, founded in 1879, is based in Guildford, the United Kingdom. It operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It typically increases its dividend in March.
- Sector: Materials
- Industry: Industrial Gases
McDonald’s Corporation (MCD)
McDonald’s Corporation, founded in 1940, is based in Chicago, Illinois. It operates and franchises McDonald’s restaurants worldwide. McDonald’s typically increases its dividend in December.
- Sector: Consumer Discretionary
- Industry: Restaurants
NextEra Energy (NEE)
NextEra Energy, founded in 1925, is headquartered in Juno Beach, Florida. It generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America through its subsidiaries. It typically increases its dividend in March.
- Sector: Utilities
- Industry: Electric Utilities
PPG Industries (PPG)
PPG Industries, founded in 1883, is headquartered in Pittsburgh, Pennsylvania. It manufactures and distributes paints, coatings, and specialty materials worldwide. It operates in 2 segments: Performance Coatings and Industrial Coating. PPG Industries typically increases its dividend in September.
- Sector: Materials
- Industry: Specialty Chemicals
S&P Global Inc. (SPGI)
S&P Global Inc., founded in 1860, is headquartered in New York, New York. It was previously known as McGraw Hill Financial, Inc. and changed its name to S&P Global Inc. in April 2016. It provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide together with its subsidiaries. S&P Global operates through 4 segments: S&P Global Ratings (Ratings), S&P Dow Jones Indices (Indices), S&P Global Market Intelligence (Market Intelligence), and S&P Global Platts (Platts). It typically increases its dividend in March.
- Sector: Financials
- Industry: Financial Exchanges and Data
Sherwin-Williams (SHW)
Sherwin-Williams, founded in 1866, is headquartered in Cleveland, Ohio. It develops, manufactures, distributes, and sells paints, coatings, and related products to retail, professional, industrial, and commercial customers. It operates through 3 segments: Consumer Brands Group, The Americas Group, and Performance Coatings Group. It typically increases its dividend in March.
- Sector: Materials
- Industry: Specialty Chemicals
Stanley Black & Decker Inc. (SWK)
Stanley Black & Decker Inc., founded in 1843, is headquartered in New Britain, Connecticut. It was previously called The Stanley Works and changed its name to Stanley Black & Decker, Inc. in March 2010. It engages in the tools and storage, industrial, and security businesses worldwide. It operates through 4 segments: Tools & Storage, Industrial, and Security. It typically increases its dividend in September.
- Sector: Industrials
- Industry: Industrial Machinery
Target Corporation (TGT)
Target Corporation, founded in 1902, is headquartered in Minneapolis, Minnesota. It operates as a general merchandise retailer in the United States. Target typically increases its dividend in September.
- Sector: Consumer Discretionary
- Industry: General Merchandise Stores
T. Rowe Price (TROW)
T. Rowe Price, founded in 1937, is based in Baltimore, Maryland. It is a publicly owned investment manager. T. Rowe Price typically increases its dividend in March.
- Sector: Financials
- Industry: Asset Management and Custody Banks
VF Corporation (VFC)
VF Corporation, founded in 1899, is headquartered in Denver, Colorado. It engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for women, men, and children in the Americas, Europe, and the Asia-Pacific through its subsidiaries. In the past, it typically increases its dividend in December. Note: VF Corporation announced a dividend cut on February 7, 2023. It will be removed from the list in the future.
- Sector: Consumer Discretionary
- Industry: Apparel, Accessories, and Luxury Goods
W. W. Grainger (GWW)
W. W. Grainger, founded in 1927, is headquartered in Lake Forest, Illinois. It distributes maintenance, repair, and operating (MRO) products and services worldwide. It typically increases its dividend in June.
- Sector: Industrials
- Industry: Trading Companies and Distributors
Walgreens Boots Alliance (WBA)
Walgreens Boots Alliance, founded in 1901, is based in Deerfield, Illinois. It is a pharmacy-led health and beauty retail company. It operates through 2 segments: the United States and International. Walgreens Boots Alliance typically increases its dividend in September.
- Sector: Consumer Staples
- Industry: Drug Retail
3M Company (MMM)
3M Company, founded in 1902, is headquartered in St. Paul, Minnesota. It develops, manufactures, and markets various products worldwide. It operates through four business segments: Consumer, Health Care, Safety and Industrial, and Transportation and Electronics. It typically increases its dividend in March.
- Sector: Industrials
- Industry: Industrial Conglomerates
Wrapping up. How are you planning to research stocks that pay dividends in March, June, September, and December?
Of the currently 67 Dividend Aristocrats, 28 follow the March, June, September, and December dividend payout schedule. If you choose one stock from this schedule along with one stock from the other two schedules, you can build a portfolio that pays you dividends monthly.
Remember always do your own research first before buying a stock. Just because a company has consistently paid and increased its dividend for 25 years or more, it doesn’t guarantee that it will always happen in the future. It’s also possible there is a better company to invest in at a specific moment. Find the best ways to be efficient when investing your money.
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