Earlier this week, I shared with you a list of 24 dividend champions, which I believed to be worthy for further research. These companies are attractively valued, have each managed to grow distributions for at least a quarter of a century. In addition, their dividends are secure, being raised by dependable earnings growth.
Today, I am going to delve into the list of dividend contenders. A dividend contender is a company, which has managed to grow dividends for at least a decade (but far less than 25 years). There are currently 220 dividend contenders. If you add in the list of dividend champions, we have 335 companies in the US, which have managed to grow dividends every single year for at least a decade.
This is a solid starting point for any serious dividend investor, who is looking for a group of quality companies for further research.
To create the list I shared with you today, I went through the following process:
1) Obtained the list of dividend contenders from dripinvesting.org
2) Dump it into a Yahoo! Finance custom portfolio that I downloaded to excel.
3) Remove companies where trailing P/E ratio was below 20
4) Removed companies where the dividend payout ratio was above 60%
5) Added information for the 5 and 10 year annual dividend growth rates
As a result, I came up with 65 dividend contenders for further research.
Continue Reading >>>
Popular Posts
-
A famous saying goes that there are two things certain in this world: death and taxes. While I am pretty sure I can’t escape death, I know t...
-
The S&P Dividend Aristocrats index tracks companies in the S&P 500 that have increased dividends every year for at least 25 years...
-
The year 2022 was a good one for dividends. " Dividend payments continue at record levels. The strength of the increases has declined,...
-
Peter Lynch is probably one of the best-known stock pickers of our time and certainly among the most successful. He was portfolio manager of...
-
As part of my monitoring process, I review the list of dividend increases every week. I use this exercise to review existing holdings, and t...
-
I review the list of dividend increases every week, as part of my monitoring process. This exercise helps me review existing holdings, and a...
-
Today marks the 15th birthday of the Dividend Growth Investor blog. It is unreal that I have managed to keep this up for 15 years in a row. ...
-
As part of my monitoring process, I review the list of dividend increases every single week. This process helps me to identify patterns, and...
-
A dividend king is a company that has managed to increase dividends to shareholders for at least 50 years in a row. There are only 45 such ...
-
As part of my review process, I monitor the list of dividend increases every week. This exercise helps me monitor existing positions, but al...