Welcome to the March edition of my monthly series of 10 Dividend Growth Stocks. In this series, I rank a selection of dividend growth stocks in Dividend Radar and present the 10 top-ranked stocks for consideration. To rank stocks, I use DVK Quality Snapshots to obtain quality scores and sort them in descending order, breaking ties with additional metrics.
This month, I screened for investment-grade stocks trading at favorable valuations based on my recently-adopted quality/valuation screen. Essentially, this screen allows some leeway when looking at the valuation of high-quality stocks. For example, I'm willing to pay a premium of up to 10% above my fair value estimate for the highest-quality stocks (quality score of 25).
The latest Dividend Radar (dated March 19, 2021) contains 766 stocks. Of these, 352 have quality scores in the range of 15-25, which I consider Investment Grade. Of the 352 candidates, only 100 currently pass my quality/valuation screen. I ranked these stocks and present the 10 top-ranked stocks for consideration. To see the top-ranked dividend growth stocks for March, please read this article at Seeking Alpha. As usual, I provide fair value estimates and key metrics for each of the top-ranked stocks.
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