Why 5 Dividend Aristocrats Are Boomers’ Favorite Retirement Income Stocks

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By Lee Jackson Published

Quick Read

  • The market came very close to a meltdown recently, and Boomers cannot afford major capital losses in a market crash.

  • S&P 500 stocks that have raised the dividends they pay shareholders for 25 years and longer make sense.

  • The Dividend Aristocrats are passive-income giants because investors can count on a dividend increase each year.

  • Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in minutes to help you answer that today. Each advisor has been carefully vetted, and must act in your best interests. Don't waste another minute; learn more here.(Sponsor)

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Why 5 Dividend Aristocrats Are Boomers’ Favorite Retirement Income Stocks

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At 24/7 Wall St., we have closely followed dividend-paying stocks for over 15 years. With a growing audience of savvy Baby Boomers and retirees seeking safe income ideas that deliver more than passbook savings rates, we have screened hundreds of stocks for recurring, dependable dividend payouts and a level of safety that allows for a good night’s sleep. One group of stocks that we have always recommended is the Dividend Aristocrats. For dividend safety and reliability, they are among the best ideas for growth and income investors.

Investors seeking defensive companies that pay substantial dividends are drawn to the Dividend Aristocrats, and with good reason. The 69 companies that made the cut for the 2026 S&P 500 Dividend Aristocrats list have increased their dividends (not just maintained them) for 25 consecutive years. But the requirements go even further, with the following attributes also mandatory for membership on the aristocrats list:

  • Companies must be worth at least $3 billion for each quarterly rebalancing.
  • Their average daily volume must be at least $5 million transactions for every trailing three-month period at every quarterly rebalancing date.
  • They must be a member of the S&P 500.

We screened the Dividend Aristocrats list for the highest-yielding companies, and five appear to be strong options for growth and income investors seeking dependable, growing dividends.

Why do we cover the Dividend Aristocrats?

relif / Getty Images

S&P 500 companies that have paid and raised their dividends for 25 years or longer are the types that growth and income investors want to buy and hold in their stock portfolios for the long term. These stocks are mostly conservative, and in a dramatic market correction, they are likely to hold their ground better than volatile technology names.

Amcor

This company is an excellent investment, as its products remain in high demand and it pays a 5.18% dividend. and executed a reverse split last year. Amcor PLC (NYSE: AMCR)  is engaged in packaging solutions for consumer and healthcare products. The company develops sustainable packaging in flexible and rigid formats across multiple materials. It operates through two segments.

The Flexibles segment comprises operations that manufacture flexible and film packaging for the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.

The Rigid Packaging segment consists of operations that manufacture rigid containers for a broad range of predominantly beverage and food products, including:

  • Carbonated soft drinks
  • Water, juices, and sports drinks
  • Milk-based beverages
  • Spirits and wine
  • Sauces
  • Dressings and spreads
  • Personal care items
  • Plastic caps for a wide variety of applications

Amcor’s subsidiaries include:

  • Berry Global Group Inc.
  • Amcor Flexibles North America Inc.
  • Amcor UK Finance PLC
  • Amcor Finance (USA)

Truist has a Buy rating with a $60 target price.

Eversource Energy

Eversource Energy (NYSE: ES) serves customers in Connecticut, Massachusetts, and New Hampshire. This energy provider is a conservative stock idea off the radar that pays a rich, dependable 4.09% dividend. Eversource is a public utility holding company engaged in energy delivery that operates through four segments:

  • Electric Distribution
  • Electric Transmission
  • Natural Gas Distribution
  • Water Distribution

It is involved in the transmission and distribution of electricity, the operation of solar power facilities, and the distribution of natural gas.

The company operates regulated water utilities that serve approximately 241,000 customers. It serves residential, commercial, industrial, municipal, and fire protection customers, as well as other customers in Connecticut, Massachusetts, and New Hampshire.

Janney Mongomery Scott has a Buy rating with a target price of $79.

Hormel Foods

This American food processing company was founded in 1891 in Austin, Minnesota. Hormel Foods Corp.(NYSE: HRL) offers dual pricing power through both branded products and private-label manufacturing, as well as a reliable 4.95% dividend. It develops, processes, and distributes various meat, nuts, and other food products to retail, food service, deli, and commercial customers in the United States and internationally.

It operates through three segments:

  • Retail
  • Food Service
  • International

The yield of this Dividend Aristocrat is historically high, and the Hormel Foundation’s oversight ensures dividend reliability. Reports indicate that it is restructuring its portfolio and cutting costs to improve performance.

The company provides various perishable products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacon, and shelf-stable products, including canned luncheon meats, nut butter, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others.

It sells its products under these brands:

  • Hormel
  • Always Tender
  • Applegate
  • Austin Blues
  • Bacon 1
  • Black Label
  • Bread Ready
  • Burke
  • Café H
  • Ceratti
  • Chi-Chi’s
  • Columbus
  • Compleats
  • Corn Nuts
  • Cure 81
  • Dan’s Prize
  • Di Lusso
  • Dinty Moore
  • Don Miguel
  • Doña Maria
  • Embasa
  • Fast N Easy
  • Fire Braised
  • Fontanini
  • Happy Little Plants
  • Herdez
  • Hormel Gatherings
  • Hormel Square Table
  • Hormel Vital Cuisine
  • House of Tsang
  • Jennie-O
  • Justin’s
  • La Victoria
  • Layout
  • Lloyd’s
  • Mary Kitchen
  • Mr. Peanut
  • Natural Choice
  • Nut-Rition
  • Old Smokehouse
  • Oven Ready
  • Pillow Pack
  • Planters
  • Rosa Grande
  • Sadler’s Smokehouse
  • Skippy
  • Spam
  • Special Recipe
  • Thick & Easy
  • Valley Fresh
  • Wholly

Barclays has an Overweight rating with a $31 target price.

Kimberly-Clark

This American multinational personal care company primarily produces paper-based consumer products. Kimberly-Clark Corp. (NYSE: KMB) stock declined 23% in 2025, pushing it close to a 12-year low, and has raised its dividend for 53 consecutive years; the current yield is a rich 4.66%. The company manufactures and markets products worldwide through three segments.

The Personal Care segment offers a diverse range of products, including:

  • Disposable diapers
  • Swim pants, training and youth pants, baby wipes
  • Feminine and incontinence care products, as well as related products under the Huggies, Pull-Ups, Little Swimmers, GoodNites, DryNites, Sweety, Kotex, U by Kotex, Intimus, Depends, Plenitud, Softex, Poise, and other brand names

The Consumer Tissue segment provides facial and bathroom tissues, paper towels, napkins, and related products under these brand names:

  • Kleenex
  • Scott
  • Cottonelle
  • Viva
  • Andrex
  • Scottex
  • Neve

The K-C Professional segment offers wipers, tissues, towels, apparel, soaps, and sanitizers under the Kleenex, Scott, WypAll, Kimtech, and KleenGuard brands.

In 2025, Kimberly-Clark announced it would acquire Kenvue Inc. (NYSE: KVUE) in a $48.7 billion deal, with the transaction expected to close in the second half of 2026. The acquisition will create a combined consumer health and wellness company, with Kenvue shareholders receiving cash and stock. Kenvue shareholders will get $3.50 in cash plus 0.14625 shares of Kimberly-Clark stock for each Kenvue share they own.

Argus has a Buy rating with a $120 target price.

Realty Income

This real estate investment trust invests in free-standing, single-tenant commercial properties and pays a reliable 4.89% dividend monthly. Realty Income Corp. (NYSE: O) is an ideal stock for growth and income investors looking for a safer contrarian idea for the rest of 2026. It is an S&P 500 company.

The company acquires and manages freestanding commercial properties that generate rental income under long-term net-lease agreements with its commercial clients.

It is engaged in a single business activity: leasing property to clients, generally on a net basis. This business activity spans various geographic boundaries and encompasses a range of property types and clients across multiple industries.

The company owns or holds interests in approximately 15,621 properties in all 50 states and:

  • United Kingdom
  • France
  • Germany
  • Ireland
  • Italy
  • Portugal
  • Spain

With clients operating in 89 industries, its property types include retail, industrial, gaming, and other categories such as agriculture and office.

Its primary industry concentrations include:

  • Grocery stores
  • Convenience stores
  • Dollar stores
  • Drug stores
  • Home improvement stores
  • Restaurants
  • Quick service

Deutsche Bank has a Buy rating with a $69 target price.

 

Photo of Lee Jackson
About the Author Lee Jackson →

Lee Jackson has covered Wall Street analysts' equity and debt research and equity strategy daily for 24/7 Wall St. since 2012. His broad and diverse career, which included a stint as the creative services director at the NBC affiliate in Austin, Texas, gives him unique insight into the financial industry and world.

Lee Jackson's journey in the financial industry spans over 30 years, with nearly two decades as an institutional equity salesperson at Bear Stearns, Lehman Brothers, and Morgan Stanley. His career was marked by his presence on the sell side during pivotal Wall Street events, from the dot.com rise and bubble to the Long Term Capital Management debacle, 9/11, and the Great Recession of 2008. This is a testament to his resilience and adaptability in the face of market volatility.

Lee Jackson’s practical financial industry experience, acquired from a career at some of the biggest banks and brokerage firms, is complemented by a lifetime of writing on various platforms. This unique combination allows him to shed light on the intricacies and workings of Wall Street in a way that only someone with deep insider experience and knowledge can. Moreover, his extensive network across Wall Street continues to provide direct access for him and 24/7 Wall St., a privilege few firms enjoy.

Since 2012, Jackson’s work for 24/7 Wall St. has been featured in Barron’s, Yahoo Finance, MarketWatch, Business Insider, TradingView, Real Money, The Street, Seeking Alpha, Benzinga, and other media outlets. He attended the prestigious Cranbrook Schools in Bloomfield Hills, Michigan, and has a degree in broadcasting from the Specs Howard School of Media Arts.

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