Tuesday, December 24, 2019

10 Dividend Growth Stocks For December 2019

The Dividend Champions [CCC] list is a wonderful resource for dividend growth [DG] investors. It contains more than 800 stocks trading on U.S. exchanges that have paid higher dividends for at least five consecutive calendar years. An accompanying spreadsheet provides valuable data and is updated monthly, courtesy of SA author Justin Law.

In this article, I rank a subset of the CCC stocks and present the 10 top-ranked stocks for consideration. I now use a ranking system derived from David Van Knapp's quality scoring system, which employs five widely used quality indicators from independent sources and assigns 0-5 points to each quality indicator, for a maximum of 25 points.

This month I decided to rank CCC stocks that have high 5-year dividend growth rates [DGRs] and strong 5-year performances.

The latest CCC list (dated 11/29/19) contains 850 stocks. There are 138 Dividend Champions with increasing calendar year payouts for the past 25 years; 250 Dividend Contenders (past 10-24 years); and 462 Dividend Challengers (past 5-9 years).

I decided to screen for 5-yr DGRs of at least 10% and found 425 stocks in the CCC spreadsheet that qualifies. To further reduce the number of stocks under consideration, I removed over-the-counter stocks and stocks that have not doubled their share price in the past 5-years. This left 97 candidates to rank for this month's top 10.

To see the top 10 ranked stocks for December 2019, please read this article at Seeking Alpha. As usual, I provide fair value estimates and key metrics, as well as F.A.S.T. Graphs charts for a selection of DG stocks.

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