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.io, Morningstar, S&P Capital IQ, F.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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