Sunday, February 23, 2020

10 Dividend Growth Stocks For February 2020

The Dividend Champions [CCC] list contains nearly 900 dividend growth [DG] 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 Snapshot Grading System, which employs five widely used quality indicators from independent sources to assess the quality of DG stocks.

This month I decided to rank high-quality CCC stocks with qualifying Chowder Numbers [CDNs]. Last month's article used similar screens, but this month I'm considering only high-quality CCC stocks (quality scores 20-25) and I'm including stocks trading at premiums up to 10% of my fair value estimates.

The latest CCC list (dated 01/31/20) contains 869 stocks. There are 139 Dividend Champions with increasing calendar year payouts for the past 25 years; 274 Dividend Contenders (past 10-24 years); and 456 Dividend Challengers (past 5-9 years).

I decided to screen for DG stocks with quality scores in the range 20-25 that have qualifying CDNs and are trading below a premium of 10% to fair value. Only 36 of the DG stocks in the CCC spreadsheet qualifies.

To see the top 10 ranked stocks for February 2020, please read this article at Seeking Alpha. As usual, I provide fair value estimates and key metrics, as well as FASTgraphs charts for a selection of DG stocks.

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