This week’s scan seeks to find royalty among the Dividend Aristocrats. Dividend Aristocrats are companies that have increased dividends for at least 25 consecutive years. They must also be in the S&P 500 and actively traded to qualify.
We scanned the Dividend Aristocrats in January. At the time, we were focused on growth to support future dividend payments and value. This time we are eyeing the dividend yield and the ten-year growth rate of the dividends. Our sort starts with the 11 Aristocrats sporting dividend yields greater than 4%. We then pick the five stocks with the best dividend growth over the last ten years.
Screening Criteria
The royalty, shown above, have quite the track record of raising dividends annually. As shown, MMM leads the pack, having increased its dividend for 64 years in a row. Equally impressive, they have grown it by about 10% on average in each of the last ten years.
Company Summaries (all descriptions courtesy SimpleVisor)
T. Rowe Price Group, Inc. (TROW)
Franklin Resources, Inc. (BEN)
V.F. Corporation (VFC)
3M Company (MMM)
Walgreens Boots Alliance, Inc. (WBA)
Five for Friday
Five for Friday uses stock screens to produce five stocks that we expect will outperform if a particular investment theme plays out in the future. Investment themes may be relevant to the current or expected market, industry and/or economic trends. Investment themes may not always represent our current forecast.
Disclosure
This report is not a recommendation to buy or sell the named securities. We intend to elicit ideas about stocks meeting specific criteria and investment themes. Please read our disclosures carefully and do your own research before investing.
Michael Lebowitz, CFA is an Investment Analyst and Portfolio Manager for RIA Advisors. specializing in macroeconomic research, valuations, asset allocation, and risk management. RIA Contributing Editor and Research Director. CFA is an Investment Analyst and Portfolio Manager; Co-founder of 720 Global Research.
Follow Michael on Twitter or go to 720global.com for more research and analysis.
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