# Dividend Aristocrat

*Saving & Investing — Finicade finance glossary*

A Dividend Aristocrat is an S&P 500 company that has raised its dividend every year for at least 25 consecutive years. The screen is a proxy for durable cash generation and management discipline, and the group has historically shown lower volatility than the index. The weakness is that it is backward-looking by construction: a company is removed only after it cuts, which is exactly when the damage is done.

**Also known as:** dividend aristocrats, dividend kings, dividend growers

**Related terms:** [Dividend](https://finicade.com/glossary/dividend), [Dividend Yield](https://finicade.com/glossary/dividend-yield), [Payout Ratio](https://finicade.com/glossary/payout-ratio), [S&P 500](https://finicade.com/glossary/sp-500)

Source: https://finicade.com/glossary/dividend-aristocrat