In order to become a Dividend Aristocrat, a company must have a strong brand and dominant industry position.
The Dividend Aristocrats are a group of 51 companies in the S&P 500 Index, with 25+ consecutive years of dividend increases. You can see all 51 Dividend Aristocrats here.
A perfect example of a Dividend Aristocrat with an industry-leading brand, is consumer products company McCormick & Company (MKC). McCormick has increased its dividend for 31 years in a row.
Its dividend growth streak is due to its high-quality business. McCormick is the global leader in food spices, seasonings, and flavors.
