Saturday, March 28, 2020

The 30 Dividend Kings Ranked By Quality Score

This article ranks the 30 Dividend Kings by quality score.

Dividend Kings are companies that have increased their dividend payouts for at least 50 consecutive years. This is a remarkable achievement, as these companies have maintained regular dividend increases even in periods of economic recessions, market crashes, technology revolutions, and shifting consumer tastes.

I use DVK Quality Snapshots to assess the quality of the Dividend Kings. The system employs five quality indicators and assigns 0-5 points to each quality indicator, for a maximum of 25 points. To rank stocks, I sort them by quality score and break ties by considering up to three factors, in turn.

The article includes tables presenting quality indicators, key metrics, and fair value estimates.

In my December 2019 article ranking the Dividend Kings, I missed two dividend growth [DG] stocks that in all fairness should have been included.

The first is HB Fuller (FUL), which became a Dividend King after increasing its quarterly dividend with a payment of 16¢ in May 2019. The second is Illinois Tool Works (ITW), which has a dividend streak of 56 years according to Dividend.com and based on the company's Annual Reports.

Recent market action has moved many stocks to discounted valuations, and all but four of the Dividend Kings are trading below my fair value estimates.

Please read this article at Seeking Alpha for an updated ranking of the Dividend Kings.

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