Investors looking for dividend income should consider the list of Dividend Aristocrats, a group of 69 stocks in the S&P 500 Index that have each raised their dividends for at least 25 consecutive years.

There are a mix of high-yield Dividend Aristocrats with high yields, but lower growth potential.

Meanwhile, investors with a longer time horizon may be more interested in high-growth Dividend Aristocrats.

These stocks have generally lower yields, but they have the potential to raise their dividends at a high rate each year.

The following 3 Dividend Aristocrats have excellent long-term growth prospects and could increase their dividends by high rates over the next several years.

Roper Technologies (ROP)

Roper Technologies (ROP) is a specialized industrial company that manufactures products such as medical and scientific imaging equipment, pumps, and material analysis equipment. Roper Technologies also develops software solutions for the healthcare, transportation, food, energy, and water industries.

On April 28th, 2025, Roper posted its Q1 results for the period ending March 31st, 2025. Quarterly revenues and adjusted EPS were $1.88 billion and $4.78, indicating up 12% and 8% year-over-year, respectively. The company’s momentum during the quarter remained strong, with organic growth coming in at 5% and acquisitions-driven growth coming in at 8%.

Organic growth was once again driven by broad-based strength across its portfolio of niche-leading businesses. Backed by Roper's growth momentum, balance sheet strength, and a large pipeline of quality acquisition opportunities, management believes Roper is well positioned for continued double-digit cash flow growth. Further, Roper increased its adjusted EPS guidance for FY2025, now expecting it to land between $19.80 and $20.05.

Roper has proven consistent growth in its profitability over the years. Over the past ten years, the company has grown its adjusted EPS by an annualized rate of 11.9%. Roper Technologies is poised for sustained growth, powered by high margin software acquisitions like Vertafore (insurance solutions) and Strata Decision Technology (healthcare analytics).

Roper’s shift toward these asset-light, recurring revenue platforms has sharpened its portfolio and freed up capital for further M&A. Recent divestitures—like the sale of TransCore—also show Roper’s focus on concentrating on premium software and analytics segments, which should support resilient organic growth, margin expansion, and solid free cash flow.

The company has increased its dividend for 32 consecutive years.

Brown & Brown Inc. (BRO)

Brown & Brown Inc. is a leading insurance brokerage firm that provides risk management solutions to both individuals and businesses, with a focus on property & casualty insurance. Brown & Brown has a notably high level of insider ownership.

Brown & Brown posted first quarter earnings on April 29th, 2025, and results were worse than expected on both the top and bottom lines. Adjusted earnings-per-share came to $1.29, which was a penny light of estimates. Earnings did rise 13% from the year-ago period, however. Revenue was up 11.1% year-over-year to $1.48 billion.

Retail segment revenues were up almost 13%, driven by organic growth of 4.1%, and the balance from acquisition activity. EBITDAC margin was up to 37.3% of revenue, due to expense management and seasonal revenue benefits. The Programs segment saw 13.6% organic revenue growth, with total revenue rising 10.1%. EBITDAC margin was 44.5% of revenue, helped by hurricane claims processing revenue and efficient expense management.

Brown & Brown has a remarkable growth track record that includes a decade-long compound annual earnings growth rate of more than 14%. The company’s book value per common share has grown at a similar rate, expanding at ~11% per year over the last ten years.

Future growth will be driven in part, by acquisitions. The first quarter saw 13 acquisitions, up from 10 in the year-ago period, and continued a long line of small but frequent acquisitions as the company’s primary growth strategy.

The company has increased its dividend for 31 consecutive years.

Caterpillar Inc. (CAT)

Caterpillar is the most prominent manufacturer of construction and mining equipment in the world, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives. The company operates in three primary segments: Construction Industries, Resource Industries and Energy & Transportation, along with ancillary financing and related services through its Financial Products segment.

On April 30th, 2025, Caterpillar posted its Q1 results for the period ending March 31st, 2025. Revenues were $14.2 billion, a 10% decrease compared to last year. The Construction Industries segment posted a 19% year-over-year sales decline, mainly due to unfavorable price realization of $355 million and a lower sales volume of $820 million.

While results may continue to be volatile, it seems the company is back on track. In fact, the $1.2 trillion bipartisan infrastructure bill should to sustain strong demand for Caterpillar’s machinery. We expect adjusted earnings-per-share growth of 5% in the medium-term. This reflects some caution coming off record EPS with regard to the cyclical nature of the business. We also expect dividends to grow by a CAGR of 8% in the medium-term.

Caterpillar is one of the largest players in the markets it addresses, with a brand that is well-known and recognized around the globe. The fact that Caterpillar has a global presence and is selling its products to several industries (construction, mining, etc.) makes it less dependent on any single market.

CAT has increased its dividend for 31 consecutive years.

Disclosure: No positions in any stocks mentioned

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Bob Ciura has worked at Sure Dividend since October 2016. He oversees all content for Sure Dividend and its partner sites. Bob received a Bachelor’s degree in Finance from DePaul.