Undervalued Dividend Aristocrats

Dividend Aristocrats — 25+ years of consecutive dividend growth — that currently trade below our fair-value estimate. Pedigree quality at a discount, the combination long-term investors wait for.

See all Dividend Aristocrats, every undervalued dividend stock, or build your own filter in the value screener.

Updated Oct 30, 2026 · 33 stocks · refreshed daily

Key facts: Undervalued Dividend Aristocrats

Data as of Oct 30, 2026 · Source: SmarterDividends data

As of Oct 30, 2026, SmarterDividends' Undervalued Dividend Aristocrats list includes 33 stocks.
Ranked first on SmarterDividends' Undervalued Dividend Aristocrats list as of Oct 30, 2026 is Cincinnati Financial Corporation (CINF), with a forward dividend yield of 2.10% and 30 consecutive years of dividend increases on record.
The median forward dividend yield of the 33 stocks on SmarterDividends' Undervalued Dividend Aristocrats list is 2.78% as of Oct 30, 2026.
The highest-yielding stock on SmarterDividends' Undervalued Dividend Aristocrats list as of Oct 30, 2026 is Universal Corporation (UVV), at 8.39%.
By SmarterDividends' count, The Clorox Company (CLX) has the longest dividend-growth streak on SmarterDividends' Undervalued Dividend Aristocrats list, at 42 consecutive years as of Oct 30, 2026.
32 of the 33 stocks on SmarterDividends' Undervalued Dividend Aristocrats list with a SmarterDividends safety grade are graded A as of Oct 30, 2026.
As of Oct 30, 2026, Cincinnati Financial Corporation (CINF) has the largest gap on SmarterDividends' Undervalued Dividend Aristocrats list between its fair-value estimate and its share price: the estimate is 71% above the price.

Cite this page

SmarterDividends, "Undervalued Dividend Aristocrats," updated Oct 30, 2026, https://smarterdividends.com/undervalued-dividend-aristocrats

#	Company	Yield	Growth Streak	Upside	Safety	Frequency
1	CINFCincinnati Financial Corporation Dividend history	2.10%	30 yr	+71%	A	quarterly
2	EBMTEagle Bancorp Montana, Inc.Dividend history	2.78%	25 yr	+57%	A	quarterly
3	NWFLNorwood Financial Corp.Dividend history	3.58%	26 yr	+53%	A	quarterly
4	MKCMcCormick & Company, Incorporated Dividend history	4.17%	31 yr	+67%	A	quarterly
5	UVVUniversal Corporation Dividend history	8.39%	39 yr	+48%	A	quarterly
6	UHTUniversal Health Realty Income Trust Dividend history	8.16%	38 yr	+57%	A	quarterly
7	MGRCMcGrath RentCorp Dividend history	1.68%	34 yr	+42%	A	quarterly
8	UBSIUnited Bankshares, Inc.Dividend history	3.16%	38 yr	+39%	A	quarterly
9	WLYJohn Wiley & Sons, Inc.Dividend history	2.83%	32 yr	+33%	A	quarterly
10	ROPRoper Technologies, Inc.Dividend history	0.83%	28 yr	+32%	A	quarterly
11	CAHCardinal Health, Inc.Dividend history	0.84%	39 yr	+27%	A	quarterly
12	UMBFUMB Financial Corporation Dividend history	1.51%	30 yr	+26%	A	quarterly
13	NCNACCO Industries, Inc.Dividend history	3.00%	40 yr	+24%	A	quarterly
14	CSLCarlisle Companies Incorporated Dividend history	1.43%	38 yr	+24%	A	quarterly
15	WLYBJohn Wiley & Sons, Inc.Dividend history	2.64%	32 yr	+22%	A	quarterly
16	EPDEnterprise Products Partners L.P.Dividend history	5.89%	26 yr	+22%	A	quarterly
17	CFRCullen/Frost Bankers, Inc.Dividend history	2.62%	31 yr	+20%	A	quarterly
18	BF-ABrown-Forman Corporation Dividend history	3.24%	38 yr	+21%	A	quarterly
19	KMBKimberly-Clark Corporation Dividend history	4.72%	40 yr	+22%	A	quarterly
20	ANDEThe Andersons, Inc.Dividend history	1.25%	28 yr	+19%	A	quarterly
21	BRCBrady Corporation Dividend history	1.22%	33 yr	+15%	A	quarterly
22	NFGNational Fuel Gas Company Dividend history	2.77%	27 yr	+15%	A	quarterly
23	NJRNew Jersey Resources Corporation Dividend history	3.79%	30 yr	+16%	A	quarterly
24	NEENextEra Energy, Inc.Dividend history	3.08%	30 yr	+15%	A	quarterly
25	AOSA. O. Smith Corporation Dividend history	2.50%	33 yr	+12%	A	quarterly
26	BKHBlack Hills Corporation Dividend history	3.48%	30 yr	+11%	A	quarterly
27	CBChubb Limited Dividend history	1.15%	32 yr	+11%	A	quarterly
28	NNNNNN REIT, Inc.Dividend history	6.06%	35 yr	+12%	A	quarterly
29	ESEversource Energy Dividend history	4.71%	25 yr	+12%	A	quarterly
30	AFLAflac Incorporated Dividend history	2.00%	41 yr	+9%	A	quarterly
31	FELEFranklin Electric Co., Inc.Dividend history	1.16%	32 yr	+6%	A	quarterly
32	BROBrown & Brown, Inc.Dividend history	1.00%	32 yr	+5%	A	quarterly
33	CLXThe Clorox Company Dividend history	5.76%	42 yr	+7%	B	quarterly

Frequently Asked Questions

What are undervalued Dividend Aristocrats?

Dividend Aristocrats are companies that have raised their dividend for at least 25 consecutive years. 'Undervalued' ones are those currently trading below our blended fair-value estimate — so you get a proven, high-quality dividend grower at a discount, which is historically rare because quality usually trades at a premium.

Why do Aristocrats rarely go on sale?

Because the market pays up for reliability. Decades of unbroken dividend growth signal durability, so Aristocrats typically trade richer than the average stock. When one does fall below fair value, it's usually a temporary, stock-specific concern rather than a broken business — which is what value investors look for.

How do you estimate fair value?

We blend up to three models: a discounted cash flow on free cash flow (five years of growth capped at 12%, fading to 2.5% over the following five; skipped for banks and insurers, whose cash flow includes deposits and loans), a dividend-discount model, and Benjamin Graham's earnings multiple. A stock is flagged undervalued when the blended estimate is at least 15% above its price.

Are these safe?

Aristocrat status implies a strong dividend record, but always check the current safety score and payout ratio on each stock's page — a long streak can still face new risks.

Data is for informational purposes only and is not investment advice. Yields and figures refresh daily.