29 Undervalued Dividend Aristocrats: December 2023

The S&P 500 Dividend Aristocrats Index contains 67 dividend growth stocks called the Dividend Aristocrats. With a few exceptions, the Dividend Aristocrats are S&P 500 companies with higher dividend payouts every year for 25 or more years. 

In this article, I rank the Dividend Aristocrats by quality score and present undervalued stocks for further research and possible investment. 

I consider stocks undervalued if they pass three valuation screens.

1. Forward dividend yield > 5-year average dividend yield
   
2. Stock price < Fair Value estimate
3. Stock price < risk-adjusted Buy Below price

A bonus section lists the overvalued Dividend Aristocrats with my risk-adjusted Buy Below prices. I also provide a downloadable spreadsheet with fundamental and added value data of all the Dividend Aristocrats. 

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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