Best 5 Dividend Aristocrat Stocks for 2023

Genuine Parts Company (GPC) Analysis

The auto parts distributor Genuine Parts Company was founded in 1928. The business has grown steadily and so has the dividend. The current dividend yield is 2.1% and the 3Y dividend growth rate is 17.4%.

The current P/E is slightly elevated compared to the market at 20.4. But what makes this stock a top dividend aristocrat is the strong buying in the shares. On the chart, you can see green bars that mean each time the stock gained in price as volumes surged (indicative of institutional demand):

Archer-Daniel-Midland Co. (ADM) Analysis

Rising food costs have kept Archer-Daniels-Midland in demand in 2022 which could continue in 2023.

The current dividend yield is 1.8% and the 3Y dividend growth rate is +14.3%.

The current P/E is 12.2, cheaper than the overall market. Below you’ll notice a healthy uptrend over the last 6-months:

Chevron Corp. (CVX) Analysis

Oil & gas giant Chevron has been under heavy accumulation in 2022. This growth is indicated on the chart below with the green bars.

The current PE sits at a modest 10.1 times. The dividend yield is 3.2% with a 3Y dividend annual growth rate of 19.3%:

AbbVie, Inc. (ABBV) Analysis

A drugmaker AbbVie, Inc. has a rich history of growing its dividend.

The current dividend yield is a hefty 3.9%. The 3Y dividend growth rate is 33.4%.

Below you’ll see that since November, the shares have been in demand:

Walmart Inc. (WMT) Analysis

The discount wholesaler Walmart dominates grocery and other consumer product categories. The PE is elevated at 44.9, however, the next 12 months PE is estimated at a digestible 22.2Xs.

The current dividend yield sits at 1.5% and the 3Y dividend growth rate is +5.7%.

Notably, the stock has seen 6 Big Money buy signals in the last 6-months:

Bottom Line and Explanatory Video

GPC, ADM, CVX, ABBV, & WMT represent top dividend aristocrat stocks for 2023 in my opinion. Strong dividend growth and historical Big Money buy signals make these stocks worthy of extra attention.

To learn more about MAPsignals’ Big Money process please visit: www.mapsignals.com

Disclosure: As of the time of this writing, the author holds long positions in ABBV in personal and managed accounts and WMT in personal accounts. He holds no positions in GPC, ADM, or CVX at the time of this writing.