Welcome to the June edition of my monthly series of 10 Dividend Growth Stocks. In this series, I rank a
selection of Dividend Radar stocks and present the ten top-ranked stocks for further research and possible investment.
I rank stocks by sorting them in descending order by quality score, breaking ties with additional metrics. My quality scoring system employs widely used quality indicators from independent sources to assess the quality of dividend growth stocks.
This month,
I screened for high-quality, discounted stocks with safe dividends that likely would deliver annualized returns of at least 8%. Only 13 stocks pass this month's screens!
DivGro 2.0 members get the three additional tickers ranked 11-13. Sign up for free here.
The latest Dividend Radar (dated June 26, 2023) contains 728 stocks. Of these, 234 stocks have quality scores in the range of 21-30, 398 are discounted, and 205 have qualifying Chowder numbers, making them likely to deliver annualized returns of 8% or higher. I added additional screens for dividend safety and dividend yield. Only 13 Dividend Radar stocks pass all of this month's screens. I ranked these candidates and present the 10 top-ranked stocks for your consideration.
Please read this article at Seeking Alpha to see the ten top-ranked dividend growth stocks for June 2023. As usual, I provide fair value estimates and key metrics for each of these stocks.
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