7 Dividend Growth Stocks For January 2022

My monthly 7 Dividend Growth Stocks series present seven high-quality dividend growth stocks for further analysis and possible investment.

I apply different screens every month to narrow down my watch list of more than 700 dividend growth stocks, Dividend Radar. Changing the screens from month to month highlights various aspects of dividend growth [DG] investing. For example, income investors prefer higher-yielding stocks, growth-oriented investors favor higher DG rates, and value investors look for deep discounts.

I screened for discounted stocks yielding at least 3% to compile this month’s candidates. I also required stocks to have Chowder Numbers (C#’s) that indicate some likelihood of delivering annualized returns of 8% or higher.

Dividend Increases: December 25, 2021-January 14, 2022

In this article series, I cover dividend changes announced in the past week or so. 

We monitor dividend announcements for stocks in Dividend Radar, a spreadsheet we update and publish every Friday as a free resource for Dividend Growth Investors. The spreadsheet provides key data of stocks with dividend streaks of five years or more.

In the past few weeks, nine companies in Dividend Radar announced dividend increases, including one of my DivGro holdings. Note there were no dividend cuts or suspensions announced for Dividend Radar stocks during this period.

Upcoming Ex-Dividend Dates: January 13-26, 2021

Welcome to another article in our series that provides a summary of upcoming ex-dividend dates of stocks in Dividend Radar. 

The ex-dividend date of stocks is usually set one business day before the record date, the cut-off date for determining which shareholders will receive the next dividend payment. 

If you buy a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller will receive the next dividend. If you buy the stock before the ex-dividend date, you will receive the dividend.

DivGro's Best and Worst Performers in 2021

Every January, I write a short review article to announce DivGro's best worst performers of the prior year. 

For this review, I considered only positions I owned throughout 2021. These include dividend growth stocks, dividend-paying stocks, growth stocks, and closed-end funds. 

Of the 83 positions I've owned throughout the year, ten stocks had negative returns for the year. On average, these positions are up 22.11% for the year, though if I use a weighted average instead of an arithmetic average, the return is slightly better at 23.10%! These returns exclude dividends. 

My worst performer was Pinnacle West Capital (PNW), down 11.71% since 1 January 2021. This year's best performer is Alphabet (GOOG), whose stock price increased by 65.17% in 2021!

Quarterly Review Of DivGro: Q4-2021

Welcome to the Q4-2021 review of DivGro, my portfolio of dividend growth stocks.

This is my 36^th quarterly review, which concludes nine years of dividend growth investing and blogging! 

In my quarterly reviews, I summarize dividend income, dividend changes, and transactions executed in the past quarter. Additionally, I  include charts showing various portfolio statistics. The reviews are mostly informational and help me to track progress over time.

My portfolio generated more than $9,950 of dividend income this quarter and I'm projecting dividend income of at least $10,230 per quarter going forward.

Goals for 2022

I like setting challenging but doable goals. Such goals demand extra effort and focus. They require commitment, patience, and constant monitoring. Sometimes, when progress is not sufficient, they require a course correction.

It is not beneficial to set goals that are easily achievable. Such goals are uninspiring and won't deliver a special sense of accomplishment. On the other hand, it doesn't make sense to set goals that are impossible to achieve. 

In this article, I'm presenting my goals for 2022. 

Monthly Review Of DivGro: December 2021

Every month, I write a review of my portfolio of dividend growth stocks, DivGro. My goal with these reviews is to share updates to my portfolio and to detail the dividends I received during the month. I also consider the impact on DivGro's projected annual dividend income (PADI).

In December, I added shares to one existing position and twelve DivGro stocks announced dividend increases. The net result of these changes is that PADI increased by about 1.4% in December. Year over year, PADI increased by 20.0%.

As for dividend income, in December I received dividends totaling $4,756 from 51 stocks in my portfolio, a year over year increase of 16%. In 2021, I collected $37,716 in dividends or about 109% of my 2021 goal of $34,500.

Upcoming Ex-Dividend Dates: January 6-17, 2022

Welcome to another article in our series that provides a summary of upcoming ex-dividend dates of stocks in Dividend Radar. We write these articles to alert readers of upcoming ex-dates so they could buy shares before the cut-off date. Doing so ensures that you'll get the next dividend payout, just-in-time!

The ex-dividend date of stocks is usually set one business day before the record date, the cut-off date for determining which shareholders will receive the next dividend payment. If you buy a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller will receive the next dividend. If you buy the stock before the ex-dividend date, you will receive the dividend.

My Top 16 Dividend Growth Stock Picks for 2022

This article presents my top 16 dividend growth [DG] stock picks for 2022. Nine of the eleven GICS sectors are represented, so my picks are quite diverse! I don't have any picks in the Consumer Staples and Real Estate sectors, unfortunately.

To find candidates, I applied several screens. The first set of screens is based on selection criteria I identified earlier this year. The criteria consider Stock Quality, Dividend Safety, Growth Outlook, Income Outlook, and Stock Valuation metrics.  Additionally, I'm interested in stocks with established dividend histories and stocks that have performed well over the past five years. 

My Top 7 Dividend Growth Stock Picks for 2022

As a dividend growth investor, I look to invest in high-quality and safe dividend growth [DG] stocks trading at reasonable valuations. My watchlist is Dividend Radar, an automatically generated spreadsheet listing stocks with dividend increase streaks of five or more years. The latest edition (December 24, 2021) contains 731 DG stocks.

I usually consider five stock selection criteria before buying DG stocks for my DivGro portfolio: The criteria are Stock Quality, Stock Valuation, Growth Outlook, Income Outlook, and Dividend Safety. 

The article briefly describes these criteria and two additional screens I used to pick my top 7 DG stocks for 2022.

Dividend Increases: December 18-24, 2021

This weekly article series covers dividend changes.

We monitor dividend announcements for stocks in Dividend Radar, a spreadsheet we update and publish every Friday as a free resource for Dividend Growth Investors. The spreadsheet provides key data of stocks with dividend streaks of five years or more.

In the past week, two companies in Dividend Radar decided to increase their dividends, including one of the stocks I own. No companies cut or suspended their dividends last week. 

Upcoming Ex-Dividend Dates: December 30-January 7, 2021

Welcome to another article in our series that provides a summary of upcoming ex-dividend dates of stocks in Dividend Radar. 

We write these articles to alert readers of upcoming ex-dates so they could buy shares before the cut-off date. Doing so ensures that you'll get the next dividend payout, just-in-time!

The ex-dividend date of stocks is usually set one business day before the record date, the cut-off date for determining which shareholders will receive the next dividend payment. 

10 Dividend Growth Stocks For December 2021

I'm a little late with the December edition of my 10 Dividend Growth Stocks series, but here goes!

This month, I screened for Investment Grade stocks whose non-GAAP earnings per share [EPS] growth is accelerating. I used data obtained from Portfolio Insight and screened dividend growth stocks in Dividend Radar. In all, 59 stocks passed my primary screen.

I decided to add another screen to select stocks with forward dividend yields exceeding their respective 5-year average dividend yields. Such stocks are potentially undervalued. Only 13 stocks also passed my secondary screen. 

I ranked these stocks using quality scores obtained from DVK Quality Snapshots and present the top 10 for further analysis and possible investment.

Monthly Review Of DivGro: November 2021

Every month, I write a review of my portfolio of dividend growth stocks, DivGro. The goal of these monthly reviews is to share updates I've made to the portfolio and to provide a summary of dividends collected. I also look at how DivGro's projected annual dividend income [PADI] has changed.

In November, I opened two new positions in DivGro, increasing the number of positions in my portfolio to 98. Additionally, I did some significant rebalancing, adding shares to seventeen existing positions and removing shares from ten other positions. No fewer than fourteen DivGro stocks announced dividend increases in November. The net result of all these changes is that DivGro's PADI increased by about 4.5% in November. Year over year, my PADI increased by about 18.2%.

As for dividend income, in November, I received dividends totaling $2,951 from 24 stocks, a year-over-year increase of 16%. So far, in 2021, I've collected $32,960 in dividends or about 96% of my 2021 goal of $34,500.

DivGro Target Weights

I updated my system for determining target weights for DivGro positions. 

The system is both dynamic and flexible. It adjusts to prevailing market conditions and allows me to calibrate factors when my goals change. 

In this article, I present the updated system for determining DivGro target weights. I replaced one of the factors and added three new factors, for a total of seven factors that contribute to the target weight calculation. 

I'll summarize each contributing factor and explain how I calculate and use target weights. 

Dividend Increases: December 11-17, 2021

This weekly article series covers dividend changes.

We monitor dividend announcements for stocks in Dividend Radar, a spreadsheet we update and publish every Friday as a free resource for Dividend Growth Investors. The spreadsheet provides key data of stocks with dividend streaks of five years or more.

This past week, seventeen companies in Dividend Radar decided to increase their dividends, including one of the stocks I own. No companies cut or suspended their dividends last week. 

The Best Defensive Dividend Growth Stocks

In the December edition of my 7 Dividend Growth Stocks on TheStreet.coms, I used a defensiveness scoring system developed by David Van Knapp [DVK] as my primary screen. The system awards points to stocks based on satisfying common notions of safety rather than for being members of a particular sector. 

In that article, I identified the best defensive stocks that traded below my risk-adjusted Buy Below prices. 

Today, I want to identify the best defensive dividend growth stocks regardless of their current valuations. While I wouldn’t recommend buying stocks until they trade at more favorable valuations, it is good to have a shortlist of high-quality defensive stocks ready to go!

Upcoming Ex-Dividend Dates: December 21-January 3, 2021

Welcome to another article in our series that provides a summary of upcoming ex-dividend dates of stocks in Dividend Radar. We write these articles to alert readers of upcoming ex-dates so they could buy shares before the cut-off date. Doing so ensures that you'll get the next dividend payout, just-in-time!

The ex-dividend date of stocks is usually set one business day before the record date, the cut-off date for determining which shareholders will receive the next dividend payment. If you buy a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller will receive the next dividend. If you buy the stock before the ex-dividend date, you will receive the dividend.

Home Run Number 42

I call any stock in my portfolio that has doubled my original capital outlay in total returns, a Home Run. It's a fun milestone to celebrate and I enjoy writing these articles! 

Last month, I announced Costco Wholesale Corporation (COST) as DivGro's 41^st Home Run stock. Despite having a very low forward yield of only 0.57%, COST has delivered total returns of 43% on an annualized basis. That's a remarkable performance!

Remarkably, my latest Home Run stock has delivered total returns of 39% on an annualized basis, despite having frozen its dividend a few years ago! 

Dividend Increases: December 4-10, 2021

This weekly article series covers dividend changes.

We monitor dividend announcements for stocks in Dividend Radar, a spreadsheet we update and publish every Friday as a free resource for Dividend Growth Investors. The spreadsheet provides key data of stocks with dividend streaks of five years or more.

In the past week, five companies in Dividend Radar decided to increase their dividends, including one of the stocks I own. No companies cut or suspended their dividends last week. 

Upcoming Ex-Dividend Dates: December 15-27, 2021

Welcome to another article in our series that provides a summary of upcoming ex-dividend dates of stocks in Dividend Radar. 

We write these articles to alert readers of upcoming ex-dates so they could buy shares before the cut-off date. Doing so ensures that you'll get the next dividend payout, just-in-time!

The ex-dividend date of stocks is usually set one business day before the record date, the cut-off date for determining which shareholders will receive the next dividend payment. 

Dividend Increases: November 27-December 3, 2021

We monitor dividend announcements for stocks in Dividend Radar, a spreadsheet we update and publish for free every Friday. The spreadsheet provides key data of stocks with dividend streaks of five years or more. 

The Dividend Radar spreadsheet separates stocks into categories three categories: Champions (with increase streaks of 25+ years), Contenders (10-24 years), and Challengers (5-9 years).

In the last week, 20 companies in Dividend Radar announced dividend increases, including two of my DivGro holdings. Note there were no dividend cuts or suspensions announced for Dividend Radar stocks during this period.

Upcoming Ex-Dividend Dates: December 12-20, 2021

Welcome to another article in our series that provides a summary of upcoming ex-dividend dates of stocks in Dividend Radar. We write these articles to alert readers of upcoming ex-dates so they could buy shares before the cut-off date. Doing so ensures that you'll get the next dividend payout, just-in-time!

The ex-dividend date of stocks is usually set one business day before the record date, the cut-off date for determining which shareholders will receive the next dividend payment. If you buy a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller will receive the next dividend. If you buy the stock before the ex-dividend date, you will receive the dividend.

7 Dividend Growth Stocks For December 2021

Welcome to another edition of my monthly 7 Dividend Growth Stocks series in which I present seven high-quality dividend growth stocks for further analysis and possible investment.

I apply different screens every month to narrow down my watch list of more than 730 dividend growth stocks, Dividend Radar. Changing the screens from month to month highlights different aspects of dividend growth [DG] investing. For example, value investors tend to look for deep discounts, income investors prefer higher-yielding stocks, and growth-oriented investors favor higher DG rates.

This month, I used a defensiveness scoring system developed by David Van Knapp as my primary screen. The system awards points based on satisfying common notions of safety rather than for being in a certain economic sector. Additionally, I screened for stocks trading below my risk-adjusted Buy Below prices.

Dividend Increases: November 20-26, 2021

This weekly article series covers dividend changes.

We monitor dividend announcements for stocks in Dividend Radar, a spreadsheet we update and publish every Friday as a free resource for Dividend Growth Investors. The spreadsheet provides key data of stocks with dividend streaks of five years or more.

In the past week, five companies in Dividend Radar decided to increase their dividends, including one of the stocks I own. No companies cut or suspended their dividends last week.