Like many dividend growth investors, I use the
CCC list as a starting point for my research. The list contains nearly 900 stocks trading on U.S. exchanges with the distinction of having paid higher dividends for at least 5 consecutive years.
With my monthly
10 Dividend Growth Stocks series, I rank a subset of stocks from the CCC list and identify the 10 top-ranked stocks for further research.
This month I combined several lists and retained only stocks that also appear in the CCC list and pass several other screens as well. The final list contains 240 stocks and for the first time since starting this series, I ranked all 240 candidates!
One advantage of ranking so many stocks is that I can review the top-ranked stocks by sector. In a future article, I'll do just that! I think dividend growth investors will find it useful to see which stocks top the sector lists!
Ranking so many stocks also revealed some issues with my ranking system. I've been suspicious of how well my ranking system ranks REITs (real estate investment trusts) relative to other stocks. The CCC spreadsheet does not provide REIT-specific metrics such as NAV (net asset value) and FFO (funds from operations).
Perhaps it is time to revisit my ranking system and to address this shortcoming!
To see the top 10 ranked stocks for September 2018, please read
this article at Seeking Alpha.
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