Monday, February 12, 2018

10 Dividend Growth Stocks For February 2018

David Fish's CCC list is an excellent source for dividend growth investors. Compiled and updated every month, the CCC list contains U.S. companies with at least 5 consecutive years of increasing dividends. The accompanying spreadsheet provides key statistics of the CCC stocks.

In my monthly 10 Dividend Growth Stocks series, I identify 10 CCC stocks worthy of further research. To create the list, I trim the CCC list using various screens and rank the remaining stocks using a proprietary ranking system. I also assign a 7-star rating to each stock. Stocks rated 5 stars or better are worthy of further analysis.

This month, I used the screener at DividendStocks.cash to trim the CCC list. The screener provides several dynamic filters, which measure the stability of dividend, earnings, and revenue growth over a 5-year period. For example, dividend growth stability measures the correlation between a stock's year over year dividend increases and dividend growth implied by the stock's 5-year dividend growth rate. A perfect correlation between dividend increases and time is defined as a correlation of +1. You can read more about dynamic filters here.

These filters reduce DividendStocks.Cash's database of 610 stocks to 39 candidates, although two are not CCC stocks. Like last month, I also added the stocks in my portfolio that happen to be in the latest CCC stocks.

In all, this compilation produced 77 candidates, which I ranked using data available in the CCC spreadsheet and additional sources like finbox.ioMorningstarS&P Capital IQF.A.S.T. Graphs, and Simply Wall St.

The top 10 ranked stocks for February 2018 is presented in this article at Seeking Alpha.

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