In my monthly series of 10 Dividend Growth Stocks, I rank a
selection of Dividend Radar stocks and present the 10 top-ranked stocks for further research and possible investment.
This month, I'm presenting high-quality stocks with the highest defensiveness scores based on a scoring system developed by David Van Knapp. The scoring system considers four safety indicators and assigns 0-3 points to each indicator for a maximum of 12 points. The safety indicators are Beta, Dividend Safety, Beta, Safety Rank, and Great Recession Performance.
The latest Dividend Radar (dated November 17, 2023) contains 713 stocks. Of these, 26 have the highest possible defensiveness score of 12 points.
I screened these candidates for stocks with quality scores of 21 or higher and ranked them by considering, in turn, their Dividend Safety Scores and their Beta measure of volatility.
Please read this article at Seeking Alpha to see the 10 top-ranked dividend growth stocks for November 2023. I provide each stock's fair value estimates and key metrics as usual.
DivGro 2.0 members get 10 additional tickers ranked 11-20. Sign up for free here.
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