Dividend Aristocrats offer great value to defensive investors, as their consistent and increasing dividend yields make for an excellent and reliable income stream. They’re not everyone’s cup of tea, though, as they tend to be stable in price, leaving little to no room for capital appreciation. Or, at least, some people think so.
Some investors and analysts even go as far as saying that dividends are immaterial, and they could just as easily replicate dividend yields with capital appreciation through various strategic investments.
