10 Undervalued Dividend Growth Stocks: January 2025

This monthly article series identifies 10 Undervalued Dividend Growth Stocks for further research and possible investment.

I present the top-ranked candidates based on quality scores. These high-quality, undervalued dividend growth stocks are candidates for your dividend growth portfolio.

As always, I recommend doing your own analysis before investing in these stocks.

This month, I'm presenting the ten top-ranked undervalued dividend growth stocks that yield at least 3.5%.

January 2025 Newsletter

Welcome to the JANUARY edition of my DivGro 2.0 newsletter!

I provide a quick market recap and an overview of my DivGro portfolio (as of 31 December 2024).

In December, I opened four new positions and closed three existing positions, so DivGro contained 79 positions on 31 December 2024. Of these, 68 are dividend growth [DG] stocks, three are dividend-paying stocks, and four are closed-end funds. By convention, I label stocks with dividend increase streaks of five or more years DG stocks.

Elevance Health Dividend Increase

On 23 January, Elevance Health (ELV) increased its quarterly dividend by 4.91%, from $1.63 to $1.71 per share.

The dividend is payable on 25 March to shareholders of record on 10 March.

ELV's contribution to DivGro's projected annual dividend income will increase by $22.40 to $478.80.

Air Products and Chemicals Dividend Increase

On 23 January, Air Products and Chemicals (APD) increased its quarterly dividend by 1.13%, from 1.77¢ to 1.79¢ per share.

The dividend is payable on 12 May to shareholders of record on 1 April.

APD's contribution to DivGro's projected annual dividend income will increase by $501.20 to $501.20.

Alliant Energy Dividend Increase

On 20 January, Alliant Energy (LNT) increased its quarterly dividend by 5.73%, from 48¢ to 50.75¢ per share.

The dividend is payable on 18 February to shareholders of record on 31 January.

LNT's contribution to DivGro's projected annual dividend income will increase by $26.4 to $487.20.