The annual rebalancing and subsequent changes to the S&P 500 Dividend
Aristocrats Index have produced a new list of 67 dividend growth stocks
called the Dividend Aristocrats.
I rank the Dividend Aristocrats using Quality Snapshots, an elegant and
effective system for assessing the quality of dividend growth stocks. As
in prior editions of this article, I identify the top opportunities for
income, growth, and total return investors.
Additionally, I provide a downloadable spreadsheet with fundamental and added value data of all the Dividend Aristocrats.
The
last time
I covered the Dividend Aristocrats, there were 64 constituents. On January
24, 2023, the S&P Dow Jones Indices announced the annual rebalancing
results for the S&P 500 Dividend Aristocrats Index, adding three
companies:
- Nordson (NDSN)
- CH Robinson Worldwide (CHRW)
- J. M. Smucker (SJM)
So now there are 67 Dividend Aristocrats.
After presenting the Dividend Aristocrats in rank order, I use several
screens to identify investment-grade Dividend Aristocrats offering
favorable valuations and compelling metrics.
By favorable valuations, I mean stock trading below my
risk-adjusted Buy Below prices and stocks with forward dividend yields that exceed their 5-year average dividend yields. As for compelling metrics, I look for stocks with superior growth and income outlooks, offering
safe dividends.
Please read this article at Seeking Alpha and download a spreadsheet with fundamental and
added value metrics for all the Dividend Aristocrats.
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