10 Dividend Growth Stocks For April 2020

In my monthly series of 10 Dividend Growth Stocks, I rank a subset of the Dividend Champions [CCC] list and present the top 10 top-ranked stocks for consideration.

The CCC list contains about 850 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 by SA author Justin Law.

This month I decided to rank high-yielding, high-quality CCC stocks trading at least 10% below my fair value estimates. I use DVK Quality Snapshots to assess the quality of dividend stocks.

The latest CCC list (dated 03/31/20) contains 853 stocks. There are 140 Dividend Champions with increasing calendar year payouts for the past 25 years; 301 Dividend Contenders (past 10-24 years); and 412 Dividend Challengers (past 5-9 years).

I decided to screen for DG stocks with quality scores in the range 19-25 that are trading at least 10% below my fair value estimates. Furthermore, I looked for stocks yielding at least 2.5%. Fifty-nine DG stocks in the CCC spreadsheet qualifies.

To see the top 10 ranked stocks for April 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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