/ / 27 Dividend Aristocrat stocks that pay dividends in March

27 Dividend Aristocrat stocks that pay dividends in March

When setting up a monthly dividend portfolio the historical payment schedule helps you narrow down your options. Here is a list of stocks that pay dividends in March to help you start your research.

Dividend Aristocrats are stocks from the S&P 500 with histories of paying and increasing their dividends for 25 years or more. As part of your research into stocks for your monthly dividend portfolio, longer dividend histories can be an indicator of potential future passive income. Just remember that future dividends are never guaranteed.

Vintage metal letters in March to look for stocks that pay dividends in March

One quick note I should mention. I’m not a licensed financial planner. The content on this website should be considered for information purposes and should not be considered investment advice. Always do your own research before making financial decisions. Or check with your favorite financial professional for additional information on what’s best to do for your situation.

27 Dividend Aristocrat stocks that pay dividends in March

The following 27 Dividend Aristocrats are not the only March dividend stocks. This list will help you get started in researching potential stocks for your monthly dividend portfolio.

Unless otherwise indicated these stocks typically follow a pattern where they payout dividends in the third month of each quarter: March, June, September, and December. The payout increases vary from company to company and don’t follow a pattern within the industries.

SymbolCompany NameSectorPayout Increase
AFLAFLAC Inc.FinancialsMarch
AMCR**AmcorMaterialsMarch
ATO**Atmos Energy CorpUtilitiesMarch
BDXBecton DickinsonHealth CareDecember
CTASCintas CorpIndustrialsPending
CVXChevron Corp.EnergyMarch
DOVDover CorpIndustrialsSeptember
EDConsolidated Edison IncUtilitiesMarch
EMREmerson ElectricIndustrialsDecember
GWWW. W. GraingerIndustrialsJune
IBM**IBMInformation TechnologyJune
JNJJohnson & JohnsonHealth CareJune
LINLinde plcMaterialsMarch
MCDMcDonald’sConsumer DiscretionaryDecember
MMM3M CompanyIndustrialsMarch
NEE**NextEra EnergyUtilitiesMarch
O*Realty IncomeReal EstateVaries (pays monthly)
PEP*PepsiCoConsumer DiscretionaryJune
PPGPPG IndustriesMaterialsSeptember
SHWSherwin-WilliamsMaterialsMarch
SPGIS&P Global (formerly McGraw Hill Financial, Inc.)FinancialsMarch
SWKStanley Black & Decker Inc.IndustrialsSeptember
TGTTarget CorporationConsumer DiscretionarySeptember
TROWT. Rowe PriceFinancialsMarch
VFCVF CorporationConsumer DiscretionaryDecember
WBAWalgreens Boots AllianceConsumer StaplesSeptember
XOMExxon Mobil CorpEnergyJune

* PepsiCo (PEP) doesn’t follow the standard March, June, September, December pattern. Instead of paying a dividend in December, it usually distributes in January.

* Realty Income (O) is a monthly paying Real Estate Investment Trust (REIT).

** Added to the Dividend Aristocrats list in 2021

And if you’re continuing to build your portfolio for payments each month of the year, April changes the payment pattern and the stocks that are included.

AFLAC Inc. (AFL)

AFLAC Inc., founded in 1995, is headquartered in Columbus, Georgia. It provides supplemental health and life insurance products through its subsidiaries. AFLAC operates through two segments: Aflac U.S. and Aflac Japan. It typically increases its dividend in March.

  • Sector: Financials
  • Industry: Life and Health Insurance

Amcor (AMCR)

Amcor, incorporated in 1926, is headquartered in Zürich, Switzerland. It develops, produces, and sells packaging products for food, beverage, pharmaceutical, medical, home- and personal-care, and other products worldwide. Amcor operates through two segments: Flexibles and Rigid Packaging. It typically increases its dividend in March.

  • Sector: Materials
  • Industry: Paper Packaging

Atmos Energy Corp (ATO)

Atmos Energy Corp, founded in 1906, is headquartered in Dallas, Texas. It engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States together with its subsidiaries. It operates in two segments: Distribution, and Pipeline and Storage. It typically increases its dividend in December.

  • Sector: Utilities
  • Industry: Gas Utilities

Becton Dickinson (BDX)

Becton Dickinson, founded in 1897, is based in Franklin Lakes, New Jersey. It develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products worldwide. Becton Dickinson typically increases its dividend in December.

  • Sector: Health Care
  • Industry: Health Care Equipment

Cintas Corp (CTAS)

Cintas Corp, founded in 1968, is headquartered in Cincinnati, Ohio. It provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through 3 segments: Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. Cintas was previously an annual paying Dividend Aristocrat and switched to quarterly payments starting in 2021. Its typically increase schedule will be confirmed in the years to come.

  • Sector: Industrials
  • Industry: Diversified Support Services

Chevron Corp. (CVX)

Chevron, founded in 1879, is headquartered in San Ramon, California. It engages in integrated energy, chemicals, and petroleum operations worldwide through its subsidiaries. It operates in two segments: Upstream and Downstream. It typically increases its dividend in March.

  • Sector: Energy
  • Industry: Integrated Oil and Gas

Dover Corp (DOV)

Dover Corp, incorporated in 1947, is headquartered in Downers Grove, Illinois. It provides equipment and components, consumable supplies, aftermarket parts, software and digital solutions, and support services worldwide. It operates in 4 segments: Engineered Products, Fueling Solutions, Pumps and Process Solutions, and Refrigeration & Food Equipment. Dover Corp typically increases its dividend in September.

  • Sector: Industrials
  • Industry: Industrial Machinery

Consolidated Edison Inc (ED)

Consolidated Edison, founded in 1823, is based in New York, New York. It engages in the regulated electric, gas, and steam delivery businesses in the United States through its subsidiaries. It typically increases its dividend in March.

  • Sector: Utilities
  • Industry: Multi-Utilities

Emerson Electric Co. (EMR)

Emerson Electric Co., founded in 1890, is headquartered in St. Louis, Missouri. It was previously called The Emerson Electric Manufacturing Company and changed its name to Emerson Electric Co. in 2000. Emerson Electric Co. designs and manufactures technology and engineering products for industrial, commercial, and consumer markets worldwide. It operates through 2 segments: Automation Solutions and Commercial & Residential Solutions. It typically increases its dividend in December.

  • Sector: Industrials
  • Industry: Electrical Components and Equipment

W. W. Grainger (GWW)

W. W. Grainger, founded in 1927, is headquartered in Lake Forest, Illinois. It distributes maintenance, repair, and operating (MRO) products and services worldwide. It typically increases its dividend in June.

  • Sector: Industrials
  • Industry: Trading Companies and Distributors

International Business Machines Corporation (IBM)

International Business Machines Corporation or IBM, incorporated in 1911, is headquartered in Armonk, New York. It provides integrated solutions and services worldwide. It operates through 5 segments: Cloud & Cognitive Software, Global Business Services, Global Technology Services, Systems, and Global Financing. It typically increases its dividend in June

  • Sector: Information Technology
  • Industry: IT Consulting and Other Services

Johnson & Johnson (JNJ)

Johnson & Johnson, founded in 1886 and is based in New Brunswick, New Jersey. It researches and develops, manufactures, and sells a range of products in the health care field worldwide. It operates through 3 segments: Pharmaceutical, Consumer Health, and Medical Devices. It typically increases its dividend in June.

  • Sector: Health Care
  • Industry: Pharmaceuticals

Linde plc (LIN)

Linde plc, founded in 1879, is based in Guildford, the United Kingdom. It operates as an industrial gas company in North and South America, Europe, the Middle East, Africa, and the Asia Pacific. It typically increases its dividend in March.

  • Sector: Materials
  • Industry: Industrial Gases

McDonald’s Corporation (MCD)

McDonald’s Corporation, founded in 1940, is based in Chicago, Illinois. It operates and franchises McDonald’s restaurants worldwide. McDonald’s typically increases its dividend in December.

  • Sector: Consumer Discretionary
  • Industry: Restaurants

3M Company (MMM)

3M Company, founded in 1902, is headquartered in St. Paul, Minnesota. It develops, manufactures, and markets various products worldwide.  It operates through four business segments: Consumer, Health Care, Safety and Industrial, and Transportation and Electronics. It typically increases its dividend in March.

  • Sector: Industrials
  • Industry: Industrial Conglomerates

NextEra Energy (NEE)

NextEra Energy, founded in 1925, is headquartered in Juno Beach, Florida. It generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America through its subsidiaries. It typically increases its dividend in March.

  • Sector: Utilities
  • Industry: Electric Utilities

Realty Income (O)

Realty Income, founded in 1969, is headquartered in San Diego, California. It is a real estate investment trust (REIT) whose monthly dividend is supported by over 6,700 real estate properties that generate rental revenue from long-term lease agreements with commercial clients. It typically increases its dividend quarterly.

  • Sector: Real Estate
  • Industry: Retail REIT

Realty Income doesn’t follow one of the typical dividend payout patterns. It typically pays out monthly and was added to the Dividend Aristocrats list in 2020.

PepsiCo, Inc. (PEP)

PepsiCo, Inc., founded in 1898, is headquartered in Purchase, New York. It operates as a food and beverage company worldwide. PepsiCo typically increases its dividend in June.

  • Sector: Consumer Staples
  • Industry: Soft Drinks

It doesn’t follow one of the typical dividend payout patterns. It typically pays out in January, March, June, and September.

PPG Industries (PPG)

PPG Industries, founded in 1883, is headquartered in Pittsburgh, Pennsylvania. It manufactures and distributes paints, coatings, and specialty materials worldwide. It operates in 2 segments: Performance Coatings and Industrial Coating. PPG Industries typically increases its dividend in September.

  • Sector: Materials
  • Industry: Specialty Chemicals

Sherwin-Williams (SHW)

Sherwin-Williams, founded in 1866, is headquartered in Cleveland, Ohio. It develops, manufactures, distributes, and sells paints, coatings, and related products to retail, professional, industrial, and commercial customers. It operates through 3 segments: Consumer Brands Group, The Americas Group, and Performance Coatings Group. It typically increases its dividend in March.

  • Sector: Materials
  • Industry: Specialty Chemicals

S&P Global Inc. (SPGI)

S&P Global Inc., founded in 1860, is headquartered in New York, New York. It was previously known as McGraw Hill Financial, Inc. and changed its name to S&P Global Inc. in April 2016. It provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide together with its subsidiaries. S&P Global operates through 4 segments: S&P Global Ratings (Ratings), S&P Dow Jones Indices (Indices), S&P Global Market Intelligence (Market Intelligence), and S&P Global Platts (Platts). It typically increases its dividend in March.

  • Sector: Financials
  • Industry: Financial Exchanges and Data

Stanley Black & Decker Inc. (SWK)

Stanley Black & Decker Inc., founded in 1843, is headquartered in New Britain, Connecticut. It was previously called The Stanley Works and changed its name to Stanley Black & Decker, Inc. in March 2010. It engages in the tools and storage, industrial, and security businesses worldwide. It operates through 4 segments: Tools & Storage, Industrial, and Security. It typically increases its dividend in September.

  • Sector: Industrials
  • Industry: Industrial Machinery

Target Corporation (TGT)

Target Corporation, founded in 1902, is headquartered in Minneapolis, Minnesota. It operates as a general merchandise retailer in the United States. Target typically increases its dividend in September.

  • Sector: Consumer Discretionary
  • Industry: General Merchandise Stores

T. Rowe Price (TROW)

T. Rowe Price, founded in 1937, is based in Baltimore, Maryland. It is a publicly owned investment manager. T. Rowe Price typically increases its dividend in March.

  • Sector: Financials
  • Industry: Asset Management and Custody Banks

VF Corporation (VFC)

VF Corporation, founded in 1899, is headquartered in Denver, Colorado. It engages in the design, production, procurement, marketing, and distribution of branded lifestyle apparel, footwear, and related products for women, men, and children in the Americas, Europe, and the Asia-Pacific through its subsidiaries. It typically increases its dividend in December.

  • Sector: Consumer Discretionary
  • Industry: Apparel, Accessories and Luxury Goods

Walgreens Boots Alliance (WBA)

Walgreens Boots Alliance, founded in 1901, is based in Deerfield, Illinois. It is a pharmacy-led health and beauty retail company. It operates through 2 segments: the United States and International. Walgreens Boots Alliance typically increases its dividend in September.

  • Sector: Consumer Staples
  • Industry: Drug Retail

Exxon Mobil Corp (XOM)

Exxon Mobil Corp, founded in 1870, is based in Irving, Texas. It explores for and produces crude oil and natural gas worldwide.  It operates through 3 segments: Upstream, Downstream, and Chemical. Exxon typically increases its dividend in June.

  • Sector: Energy
  • Industry: Integrated Oil and Gas

10 March dividend paying stocks that also increase their dividends in March

Of the 27 Dividend Aristocrats that pay their dividends this month, these March dividend paying stocks have also historically increased their annual dividend in March. The 10 March dividend stocks include:

  • 3M Company (MMM)
  • AFLAC Inc. (AFL)
  • Amcor (AMCR)
  • Chevron Corp. (CVX) – typically based on past increases
  • Consolidated Edison Inc (ED)
  • Linde plc (LIN)
  • NextEra Energy (NEE)
  • S&P Global (formerly McGraw Hill Financial, Inc.) (SPGI)
  • Sherwin-Williams (SHW)
  • T. Rowe Price (TROW)

1 Dividend Aristocrat was added in 2021 that pays in March

If you’ve been looking to further diversify your portfolio, as part of the update S&P did to the Dividend Aristocrats list as of September 2021, 1 new March dividend payer was added.

  • NextEra Energy (NEE)

NextEra Energy is part of the Utilities sector.

Wrapping up. Are you creating a monthly dividend portfolio?

You can create a dividend portfolio to pay you monthly or nearly monthly as part of a passive income strategy. Who doesn’t like to earn extra money while they sleep? Beyond the 27 stocks listed above, there are additional stocks that usually pay dividends in March. What is important to you as you’re researching and designing your dividend portfolio?

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Dividend Aristocrats  that pay dividends in March