Every month, I present seven dividend growth stocks from my Dividend Radar watch list for further analysis and possible investment.
I use different screens every month to highlight different aspects of dividend growth [DG] investing. For example, income investors prefer stocks with higher yields, while growth-oriented investors favor higher DG rates.
This month, I screened for undervalued stocks in the Defensive Sectors (Consumer Staples, Health Care, and Utilities). Additionally, these stocks trade below my risk-adjusted Buy Below prices. To adjust for risk, I require more significant discounts for stocks with lower quality scores.
I usually rank candidates that passed my screens using DVK Quality Snapshots and my ranking system. Before writing this article, I made a minor adjustment to how quality scores are calculated. I’ll explain the reason for this change in the article.
The latest Dividend Radar (dated April 8, 2022) contains 749 stocks. There are 137 Defensive Sector stocks in Dividend Radar and 122 have DVK Quality Scores in the range of 15-25, considered Investment Grade. Of these, only 14 stocks trade below my Buy Below prices and have forward dividend yields that exceed their 5-year average dividend yields.
I ranked these candidates using DVK Quality Snapshots and my ranking system.
To see this month's seven top-ranked stocks, please read this article at TheStreet.com.
Please note that I'll continue to publish my monthly series 10 Dividend Growth Stocks on Seeking Alpha. I use different screens for each of these article series, so they won't cover the same stocks.
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