The S&P 500 Dividend Aristocrats index, which tracks companies with a record of raising dividends for at least 25 consecutive years, has announced its annual rebalancing, adding three new members. Effective at the market close on January 31, 2025, Erie Indemnity Company, Eversource Energy, and FactSet Research Systems will join the prestigious list, increasing the total number of stocks in the index to 69.
Erie Indemnity Company, a property and casualty insurer offering a range of services including auto, home, business, and life insurance, is one of the new additions. Established in Erie, Pennsylvania, in 1925, the company has seen significant financial growth. According to its most recent quarterly earnings report, Erie Indemnity’s net income rose 22% year-over-year, from $131.0 million in Q3 2023 to $159.8 million in Q3 2024.
Eversource Energy, a leading energy provider based in Hartford, Connecticut, and Boston, Massachusetts, is another new member. Serving 4.4 million customers in New England, Eversource’s history dates back to the mid-19th century. As of January 31, 2025, the company boasts a dividend yield of 4.96%, far surpassing the 2.39% yield of the S&P 500 Dividend Aristocrats index.
The third addition, FactSet Research Systems, is a financial data and software company founded in 1978. Headquartered in Norwalk, Connecticut, FactSet operates 37 offices in 20 countries. The company has shown impressive profitability, with a gross margin of 54.5%, a return-on-equity of 29.2%, and a return on invested capital of 15.6%, as reported in its latest quarterly earnings.
These additions reflect the continued strength and resilience of companies that not only maintain a long history of dividend growth but also demonstrate strong financial performance.
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