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Welcome to another edition of my monthly series, 7 Dividend Growth Stocks. In this series, I present seven dividend growth stocks from Dividend Radar for further analysis and possible investment.
Dividend Radar is a weekly automatically generated spreadsheet of dividend growth stocks with dividend increase streaks of five or more years. It is compiled by Portfolio Insight and provided as a free resource for individual and commercial use, with no registration required.
I use different screens every month to find candidates for further research and possible investment. This month, I decided to screen for high-quality, high-yielding Dividend Achievers trading at reasonable valuations.
The latest Dividend Radar (dated December 2, 2022) contains 722 stocks. I extracted the Dividend Achievers and screened for stocks yielding at least 3%, stocks discounted to my Buy Below prices, and stocks whose forward yields yield exceed their 5-year average yield.
Finally, I screened for high-quality stocks with quality scores of at least 20 points, based on a variation of DVK Quality Snapshots in which I replaced Value Line’s Safety Rank with Value Lines Price Stability rating.
After applying all the screens, only nine Dividend Achievers remained. I ranked them and present the seven top-ranked stocks in this article on TheStreet.com.
Please note that I publish a similar monthly series, 10 Dividend Growth Stocks, on Seeking Alpha. I use different screens for each article series, so they won’t cover the same stocks.
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Image and article originally from divgro.blogspot.com. Read the original article here.