The Dividend Aristocrats Ranked By Quality Scores: November 2024

The S&P 500 Dividend Aristocrats Index contains 66 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 66  Dividend Aristocrats by quality scores, categorizing them into undervalued and overvalued stocks.

I consider stocks undervalued if they pass three valuation screens.

November 2024 Newsletter

Welcome to the NOVEMBER edition of my DivGro 2.0 newsletter!

In this month's edition, I provide a quick market recap and an overview of my DivGro portfolio (as of 31 October 2024).

I'm back with four new top-10 lists. If you're looking for undervalued stocks, these lists will provide you with some candidates for further research and possible investment. 

Evergy Dividend Increase

On 7 November, Energy  (EVRG) increased its quarterly dividend by 3.89%, from 64.25¢ to 66.75¢ per share.

The dividend will be paid on 20 December to shareholders of record on 21 November. The ex-dividend date is 21 November.

EVRG's contribution to DivGro's projected annual dividend income will increase by $30 to $801.

Atmos Energy Dividend Increase

On 6 November, Atmos Energy (ADP) increased its quarterly dividend by 8.07%, from 81¢ to 87¢ per share.

The dividend will be paid on 9 December to shareholders of record on 25 November. The ex-dividend date is 25 November.

ATO's contribution to DivGro's projected annual dividend income will increase by $52 to $696.

Automatic Data Processing Dividend Increase

On 6 November, Automatic Data Processing (ADP) increased its quarterly dividend by 10%, from $1.40 to $1.54 per share.

The dividend will be paid on 1 January 2025 to shareholders of record on 13 December 2024. The ex-dividend date is 13 December 2024.

ADP's contribution to DivGro's projected annual dividend income will increase by $56 to $616.

Main Street Capital Dividend Increase

Main Street Capital (MAIN) increased its monthly dividend by 2.04%, from 24.5¢ to 25¢ per share.

The dividend will be paid on 15 January 2025 to shareholders of record on 8 January 2025. The ex-dividend date is 8 January 2025.

MAIN's contribution to DivGro's projected annual dividend income will increase by $12 to $600.

Home Run Number 54

I'm happy to announce that DivGro just delivered its 54^th Home Run! When a stock in my portfolio doubles my original investment in total returns, I assign it Home Run status. 

I'm primarily a dividend growth investor. I invest in high-quality dividend growth stocks with long histories of increasing annual dividend payouts. 

Unless the underlying fundamentals change, there's rarely a reason to sell these stocks. And if I hold them long enough, they'll eventually double my original investment in total returns and become Home Run stocks!

Updating my Quality Scoring System

I use a quality scoring system modeled after David Van Knapp's Quality Snapshots, an elegant system for assessing the quality of dividend growth stocks.

This article describes my (updated) quality scoring system and how I rank dividend growth stocks by quality scores. It also explains how my system differs from Quality Snapshots.

The main purpose of using a quality scoring system is not to make final buy or sell decisions but to identify candidates for further research. The scoring system is stringent, but that doesn't mean the highest-quality stocks are always suitable for investment. Valuation must be considered after vetting a candidate's suitability through further research.

AbbVie Dividend Increase

On 30 October, AbbVie (ABBV) increased its quarterly dividend by 5.81%, from $1.55 to $1.64 per share.

The dividend will be paid on 15 February 2025 to shareholders of record on 15 January 2025. The ex-dividend date is 15 January 2025.

ABBV's contribution to DivGro's projected annual dividend income will increase by $36 to $656.

Visa Dividend Increase

On 29 October, Visa (V) increased its quarterly dividend by 13.46%, from 52¢ to 59¢ per share.

The dividend will be paid on 2 December to shareholders of record on 12 November. The ex-dividend date is 12 November.

V's contribution to DivGro's projected annual dividend income will increase by $28 to $236.