The Dividend Aristocrats Ranked By Quality Scores

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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