A dividend champion is a company which has a 25 year record of annual dividend increases. There are only 146 such companies in the US today. I believe that becoming a dividend champion is no accident, and it is a result of a strong business that has generated earnings growth for a long period of time. These are the types of businesses I like to study, and potentially consider at the right time for my dividend portfolio. I believe that the dividend champions list offers a more complete picture than the dividend aristocrats.
The creator of the Dividend Champions list was David Fish, who unfortunately died in 2018. I decided to do annual updates based on his work.This year, I decided to keep it simple, and kept the data per each company to a minimum.
As a starting point, there were 146 companies on the dividend champions list at the end of 2024.
There were three companies that ended up leaving the Dividend Champions list in 2025. These companies left for various reasons. The companies that left include:
- Enterprise Bancorp (EBTC) was acquired
- Southside Bancshares (SBSI) and UGI Corp (UGI) failed to increase dividends in 2025
There were three companies added to the list in 2025. These companies achieved dividend champion status by raising dividends to shareholders for 25 years in a row. The companies include:
Casey's (CASY)
Royal Gold (RGLD)
Southern Company (SO)
All of this brings the list of dividend champions to 146 companies by the end of 2025.
Note: Data is as of 12/31/2025
Thank you for reading!
Relevant Articles:
- Dividend Champions, Contenders & Challengers: The most complete list of US dividend growth stocks available
- October 2018 Dividend Champions List
- December 2018 Dividend Champions List
- RIP David Fish
