One of the best resources for dividend growth investors is the CCC list, a list of stocks with at least five consecutive years of higher dividend payments. Maintained by David Fish, the CCC list contains more than 800 dividend growth stocks trading on U.S. exchanges. He updates the list every month and usually writes a Seeking Alpha article announcing the update.In my monthly 10 Dividend Growth Stocks series, I identify 10 CCC stocks for further research. To create the list, I trim the CCC list using various screens. I rank the trimmed list and assign a 7-star rating to each stock. Stocks rated 5 stars or better are worthy of further analysis.
The markets continue to trade at or near all-time highs, so I'm continuing my focus on finding stocks that trade at or below fair value. This month, I used a Google Sheets add-on from finbox.io to extract fair values and analyst targets for a selection of the CCC stocks.
I used these data to isolate CCC stocks that trade at or below fair value. Of the 162 CCC stocks found, I ranked the top 75 after performing a preliminary ranking using only data available in the CCC spreadsheet.To find the top 10 stocks, I ranked the 75 candidates using data from the CCC spreadsheet and additional sources like Morningstar, S&P Capital IQ, and F.A.S.T. Graphs.
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That's a really interesting list actually, some names I am familiar with and some that I am not. Thanks for sharing.
ReplyDeleteThanks, Buy, Hold Long -- I find it fascinating to see what "bubbles" to the top every month. Take care and happy investing!
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