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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 77.37   36.8 2.10 3.67 4.70
CONSOLIDATED EDISON 87.59   20.1 4.35 2.96 3.34
EVERSOURCE ENERGY 77.36   23.0 3.37 2.14 2.75
WISCONSIN ENERGY 86.90   25.2 3.45 2.36 2.73
XCEL ENERGY 61.28   24.4 2.51 1.62 2.65
IDACORP 104.16   22.6 4.61 2.52 2.43
SOUTHWEST GAS 90.22   23.6 3.82 2.18 2.43
NEXTERA ENERGY 209.91   34.8 6.04 5.00 2.39
UGI 51.96   23.8 2.18 1.20 2.28
ATMOS ENERGY 107.92   25.8 4.19 2.10 1.96
CHESAPEAKE UTILITIES 92.40   26.0 3.55 1.62 1.75
AMERICAN WATER WORKS 116.09   36.4 3.19 2.00 1.72
AMERICAN STATES WATER 76.09   42.8 1.78 1.10 1.46

DOMINION RESOURCES - D
DOMINION RESOURCES - D  


Older articles featuring Dominion Resources (D):
Dividend Update - June 2019
Dividend Growth 50: Oh Deere Me, This Portfolio's Income Just Keeps Plowing Ahead
My Dividend Growth Portfolio: Q2 2019 Summary
Dividend Income Update: June 2019
July Dividend Achiever Dogs For Dividend Longevity, Top Yields, And Growth
The Retiree's Dividend Portfolio - John's May Update: When It Becomes Hard To Find A Good Deal
Dividend Champion And Contender Highlights: Week Of June 16
The Retiree's Dividend Portfolio - John's April Update: Focus On The Blended Yield
June Dividend Achiever Dogs Chase Gains And Upsides
Dividend Portfolio Review: New Dividend Record For May

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