3 Of The Cheapest Dividend Aristocrats Now

Income investors are likely familiar with the Dividend Aristocrats, which are some of the highest-quality stocks to buy and hold for the long term.

We recommend long-term investors focus on high-quality dividend stocks. To that end, we view the Dividend Aristocrats as among the best dividend stocks to buy-and-hold for the long run.

The Dividend Aristocrats have a long history of outperforming the market when it comes to risk-adjusted returns.

This article will discuss 3 of the cheapest Dividend Aristocrats.

Target Corp. (TGT)

• Annual Valuation Return: 2.5%

Target was founded in 1902 and now operates about 1,850 big box stores, which offer general merchandise and food, as well as serving as distribution points for the company’s e-commerce business.

Target released second quarter earnings on August 20th, 2025, and results were better than expected. However, guidance and the CEO change underwhelmed investors, and the stock fell once again.

Adjusted earnings-per-share came to $2.05, which was a penny ahead of estimates. Revenue was off fractionally year-on-year to $25.21 billion, but did beat estimates by $310 million. Sales were lower on merchandise sales declines of 1.2%, partially offset by a 14.2% increase in non-merchandise sales.

Comparable sales were down 1.9%, as the physical stores fell 3.2% while digital sales grew 4.3%. Management said traffic and sales trends improved “meaningfully” from the first quarter.

The company is investing heavily in its business in order to navigate through the changing landscape in the retail sector. The payout is now 62% of earnings for this year, which is elevated from historical levels, but the dividend remains well-covered.

T. Rowe Price Group (TROW)

• Annual Valuation Return: 3.7%

T. Rowe Price Group is one of the largest publicly traded asset managers. The company provides a broad array of mutual funds, sub-advisory services, and separate account management for individual and institutional investors, retirement plans and financial intermediaries.

T. Rowe Price had assets under management (AUM) of nearly $1.6 trillion as of June 30th, 2025.

On February 11th, 2025, T. Rowe Price raised its quarterly dividend 2.4% to $1.27, marking the company’s 39th year of increasing its payout.

On August 1st, 2025, T. Rowe Price announced second quarter results for the period ending June 30th, 2025. For the quarter, revenue declined 0.6% to $1.72 billion and missed estimates by $30 million.

Adjusted earnings-per-share of $2.24 compared unfavorably to $2.26 in the prior year, but this was $0.11 more than anticipated.

During the quarter, AUMs of $1.59 billion grew 3.6% year-over-year, but decreased 1.9% sequentially. Market appreciation of $125.4 billion was offset by net cash outflows of $14.9 billion.

Operating expenses of $1.23 billion increased 6.5% year-over-year and were up 6.6% quarter-over-quarter.

Brown-Forman Corp. (BF.B)

• Annual Valuation Return: 3.9%

Brown-Forman is an alcoholic beverage company that is based in Louisville. The company was founded in 1870. It produces and sells whiskey, vodka, tequila, champagne, and wine.

Its portfolio includes a range of mostly premium brands, such as Jack Daniel’s, Finlandia Vodka, Old Forester, and many others.

On August 28, Brown-Forman reported revenues of $924 million for its first quarter (fiscal 2026) earnings results. The company’s revenues were down by 3% compared to the previous year’s quarter.

Revenues came in above the analyst consensus, unlike during the previous quarter, this time beating the consensus estimate by a solid $14 million. The sequential growth rate was positive during the period, while the year-over-year performance improved as well, relative to the previous quarter.

Brown-Forman’s earnings-per-share weakened compared to the previous year’s quarter, mainly due to lower revenues. The company saw its operating profit pull back during the period, with margins declining due to operating leverage headwinds caused by lower revenues.

Earnings-per-share were down by double-digits, hitting $0.36, missing the consensus estimate by $0.01 as analysts were predicting a smaller earnings decline.

Brown-Forman guides for revenues to decline at a low single-digits rate this year.