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10 Dividend Growth Stocks For October 2018

Published Mon, 22 Oct 2018 09:49:47 -0400 on Seeking Alpha

The CCC list is a wonderful resource for Dividend Growth Investors. Created by the late Dave Fish and now maintained by Justin Law, the CCC list contains nearly 900 stocks trading on U.S. exchanges with the distinction of having paid higher dividends for at least 5 consecutive years.
With my monthly 10 Dividend Growth Stocks series, I rank a subset of stocks from the CCC list and present the 10 top-ranked stocks for further research.
Last month I ranked 240 stocks, significantly more than I normally do!
Ranking so many stocks revealed a shortcoming in my ranking system. It does a poor job ranking REITs (real estate investment trusts) relative to stocks in other sectors. The main reason is that my ranking system referenced fundamental data in the CCC spreadsheet, which does not provide REIT-appropriate metrics such as NAV (net asset value) and FFO (funds from operations).
One advantage of ranking 240 stocks is that it allowed me to review the top-ranked dividend growth stocks by sector. If you did not read that article, I think it is worth a look! It is particularly useful for dividend growth investors looking to diversify their portfolios by sector.
Seeing the 10 top-ranked stocks by sector was so useful that I decided to rework my ranking system to be sector-focused. In the future, I want to rank stocks relative to sector peers.
This month I'm debuting my new sector-oriented ranking system. While it is still a work in progress, I wanted to test the new... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
DOMINION RESOURCES 76.29   20.4 3.73 3.67 4.91
CONSOLIDATED EDISON 84.32   19.1 4.41 2.96 3.53
WISCONSIN ENERGY 77.05   23.0 3.35 2.36 3.09
EVERSOURCE ENERGY 70.86   21.8 3.25 2.14 3.06
XCEL ENERGY 55.41   22.4 2.47 1.62 2.96
NEXTERA ENERGY 190.06   31.5 6.04 5.00 2.63
IDACORP 98.04   21.8 4.49 2.52 2.62
SOUTHWEST GAS 82.48   22.4 3.68 2.18 2.55
ATMOS ENERGY 100.09   25.2 3.97 2.10 2.12
UGI 53.77   22.7 2.37 1.04 1.97
AMERICAN WATER WORKS 105.84   33.5 3.16 2.00 1.73
CHESAPEAKE UTILITIES 92.41   26.8 3.45 1.48 1.64
AMERICAN STATES WATER 69.33   40.3 1.72 1.10 1.60

DOMINION RESOURCES - D
DOMINION RESOURCES - D  


Older articles featuring Dominion Resources (D):
My K.I.S.S. Dividend Growth Portfolio: 1st Quarter 2019 Update
Dividend Income Update March 2019
Bert's March Dividend Income Summary
The Retiree's Dividend Portfolio - John's February Update - Game Of Thrones Edition
Road To Financial Independence: New Dividend Record In March
Dividend Update - March 2019
My Dividend Growth Portfolio: Q1 2019 Summary
How To Choose Stocks For Your Defensive Dividend Portfolio
The Best Dividend Stocks To Buy Ahead Of The Coming Bear Market
The Best Dividend Stocks To Buy Right Now

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