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A Dividend Growth Analysis Of The Dividend Champions

Published Sun, 15 Sep 2019 21:46:30 -0400 on Seeking Alpha

Overview
In this article I present my first analysis of the Dividend Champions. The Dividend Champions are U.S. stocks that have grown their dividend for 25+ years in a row. This is a fairly select list as only 107 companies have successfully done so. This is out of the over 4,000 companies listed on stock exchanges at the end of 2018. These companies have survived periods of inflation, stock market crashes, global crisis and deep recessions. They may not have grown revenue and earnings per share every year, but they annually raised the dividend without fail for 25 years straight. Note that the Dividend Champion list is broader than the Dividend Aristocrats List. The latter requires membership in the S&P 500 and a minimum market capitalization of $3B. For this reason, it is possible for a company to be a Dividend Champion but not a Dividend Aristocrat.
The highest ranked stock in my model is A.O. Smith (AOS), which only became a Dividend Champion this past year. But several other stocks perform well, and a few are undervalued including Walgreens Boots Alliance (WBA). The analysis also points to several high yielding stocks with low valuations including Exxon Mobil Corp. (XOM), Chevron Corp. (CVX), AT&T (T), Universal Corp. (UVV), and a few others. But the tradeoff is that these stocks tend to have negative or low EPS growth rates, low dividend growth rates and in some cases high payout ratios.

Source: Magic of Dividend Champions
Background
In these... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
TANGER FACTORY OUTLET CENTERS 16.50   21.4 0.77 1.42 8.35
ALTRIA GROUP 44.46   13.2 3.36 3.36 7.23
HELMERICH & PAYNE 40.76   0.0 -0.68 2.84 6.74
MEREDITH 37.92   0.0 -0.69 2.30 6.53
UNIVERSAL 56.35   15.4 3.67 3.04 5.56
AT&T 38.38   16.1 2.38 2.04 5.43
EXXON MOBIL 71.98   17.3 4.15 3.48 4.83
URSTADT BIDDLE PROPERTIES 24.28   37.9 0.64 1.10 4.70
MERCURY GENERAL 54.55   15.4 3.53 2.51 4.54
PEOPLE'S UNITED FINANCIAL 16.06   12.3 1.31 0.71 4.52
CHEVRON 121.42   15.7 7.72 4.76 3.91
LEGGETT PLATT 42.18   19.6 2.15 1.60 3.82
NATIONAL RETAIL PROPERTIES 54.39   35.8 1.52 2.06 3.81
WEYCO GROUP 26.11   12.6 2.08 0.96 3.77
REALTY INCOME 74.49   56.9 1.31 2.72 3.69
SOUTHSIDE BANCSHARES 34.67   15.8 2.19 1.24 3.68
FRANKLIN RESOURCES 29.79   11.0 2.70 1.04 3.66
OLD REPUBLIC INTERNATIONAL 22.80   9.2 2.48 0.80 3.57
NATIONAL FUEL GAS 48.74   14.4 3.39 1.74 3.53
UNITED BANKSHARES 39.53   15.7 2.52 1.36 3.53
COMMUNITY TRUST BANCORP 42.32   11.5 3.67 1.52 3.51
ARCHER-DANIELS-MIDLAND 41.45   17.8 2.33 1.40 3.47
CONSOLIDATED EDISON 90.19   21.4 4.21 2.96 3.31
WALGREENS BOOTS ALLIANCE 55.56   10.9 5.10 1.83 3.22
CULLEN/FROST BANKERS 90.05   12.7 7.11 2.84 3.20
CATERPILLAR 131.75   12.3 10.74 4.12 3.16
KIMBERLY-CLARK 133.58   25.8 5.18 4.12 3.14
ARROW FINANCIAL 35.31   14.4 2.46 1.04 3.09
EATON VANCE 46.61   13.7 3.41 1.40 3.09
NUCOR 53.69   7.6 7.09 1.60 3.04
SONOCO PRODUCTS 59.35   19.6 3.02 1.72 2.97
MDU RESOURCES GROUP 27.98   19.0 1.47 0.81 2.91
UNIVERSAL HEALTH REALTY INCOME TRUST 99.09   78.6 1.26 2.72 2.84
PEPSICO 137.29   15.2 9.02 3.82 2.81
ARTESIAN RESOURCES 37.20   24.2 1.54 0.98 2.73
BLACK HILLS 76.58   20.3 3.77 2.02 2.71
CLOROX 160.20   25.3 6.34 4.24 2.68
UGI 49.31   26.4 1.87 1.30 2.67
WESTAMERICA BANCORP 64.49   23.0 2.80 1.64 2.59
T. ROWE PRICE GROUP 118.12   14.9 7.95 3.04 2.58
ILLINOIS TOOL WORKS 159.85   21.5 7.45 4.28 2.54
FIRST FINANCIAL 43.79   12.1 3.63 1.04 2.48
TOMPKINS FINANCIAL 83.85   0.0 0.00 2.00 2.47
TELEPHONE & DATA SYSTEMS 27.28   20.7 1.32 0.66 2.45
ESSEX PROPERTY TRUST 324.02   52.2 6.21 7.80 2.43
COMMUNITY BANK SYSTEM 66.00   20.2 3.27 1.64 2.40
1ST SOURCE 47.60   14.2 3.35 1.08 2.36
MCGRATH RENTCORP 68.50   19.4 3.54 1.50 2.31
NEXTERA ENERGY 220.74   31.7 6.96 5.00 2.29
MCDONALDS 212.15   27.9 7.61 4.64 2.21
UNITED TECHNOLOGIES 137.46   22.4 6.13 2.94 2.20
AQUA AMERICA 43.46   57.2 0.76 0.94 2.19
AIR PRODUCTS & CHEMICALS 220.67   28.6 7.72 4.64 2.17
BANCFIRST 56.95   14.4 3.94 1.28 2.17
GENERAL DYNAMICS 189.41   16.8 11.25 4.08 2.17
ALBEMARLE 69.28   13.5 5.12 1.47 2.15
ENTERPRISE BANCORP 30.93   11.8 2.63 0.64 2.15
AFLAC 51.47   12.6 4.10 1.08 2.12
THOMSON REUTERS 67.42   9.4 7.19 1.44 2.12
RPM INTERNATIONAL 68.83   34.1 2.02 1.40 2.07
SYSCO 77.72   24.3 3.20 1.56 2.03
JOHN WILEY & SONS 63.90   22.5 2.82 1.28 2.02
MEDTRONIC 110.38   33.8 3.27 2.16 2.01
GRAINGER, W.W. 293.60   20.0 14.65 5.76 1.98
ATMOS ENERGY 109.44   25.9 4.23 2.10 1.93
ADP 160.41   30.6 5.24 3.16 1.92
MGE ENERGY 75.07   30.5 2.46 1.41 1.92
VF CORP 90.35   31.6 2.86 1.72 1.91
PENTAIR 37.75   17.7 2.13 0.72 1.90
CHUBB 160.10   19.6 8.15 3.00 1.88
UMB FINANCIAL 66.08   16.4 4.02 1.20 1.88
WAL-MART STORES 116.92   26.3 4.44 2.12 1.83
AO SMITH 51.71   20.8 2.49 0.88 1.77
ERIE INDEMNITY 206.23   35.2 5.85 3.60 1.77
PPG INDUSTRIES 118.21   23.3 5.08 2.04 1.74
GORMAN-RUPP 33.95   23.4 1.45 0.54 1.70
DONALDSON 52.19   25.5 2.05 0.84 1.64
MIDDLESEX WATER 61.61   30.0 2.05 0.96 1.63
BRADY 54.48   22.2 2.46 0.87 1.60
MINE SAFETY APPLIANCES 113.54   36.6 3.10 1.68 1.52
NACCO INDUSTRIES 52.27   8.4 6.19 0.76 1.49
MCCORMICK 157.81   30.8 5.13 2.28 1.46
CARLISLE 147.40   20.7 7.12 2.00 1.42
EXPEDITORS INT 75.21   20.8 3.62 1.00 1.32
TENNANT 73.01   35.8 2.04 0.88 1.27
BADGER METER 55.38   44.3 1.25 0.68 1.25
APTARGROUP 118.05   35.8 3.30 1.44 1.21
FRANKLIN ELECTRIC 50.23   24.7 2.03 0.58 1.21
BECTON DICKINSON 262.15   92.0 2.85 3.08 1.18
JACK HENRY & ASSOCIATES 146.38   41.6 3.52 1.60 1.12
SEI INVESTMENTS 60.74   19.7 3.08 0.66 1.10
RLI 90.18   32.6 2.77 0.92 1.03
STRYKER 220.04   23.6 9.34 2.08 0.97
ROSS STORES 109.36   24.8 4.40 1.02 0.94
ECOLAB 197.77   38.8 5.10 1.84 0.93
BROWN & BROWN 35.96   26.2 1.37 0.32 0.92
BROWN-FORMAN 68.83   36.0 1.92 0.63 0.91
S&P GLOBAL 251.88   32.0 7.87 2.28 0.90
SHERWIN-WILLIAMS 538.95   43.3 12.44 4.52 0.87
CINTAS 246.51   30.9 7.98 2.05 0.82
ROPER INDUSTRIES 358.48   33.4 10.74 1.85 0.52
WEST PHARMACEUTICAL SERVICES 146.09   48.2 3.03 0.60 0.43
CHESAPEAKE FINANCIAL SHARES 26.60   0.0 0.00 0.00 0.00
COMPUTER SERVICES 44.00   0.0 0.00 0.00 0.00

TANGER FACTORY OUTLET CENTERS - SKT
TANGER FACTORY OUTLET CENTERS - SKT  


Older articles featuring Tanger Factory Outlet Centers (SKT):
Dividend Champion And Contender Highlights: Week Of November 10
REITs And Utilities Dive As Yields Jump
My Dividend Growth Portfolio October Update: 36 Holdings, 11 Buys, 8 Sells, 3.59% Yield
5%+ Dividend Yield Portfolio: Winning With A Defensive Tilt (October 2019 Review)
Macerich: One The Highest Dividend Yields Among Mid-Cap Stocks
The Most Undervalued And Overvalued Dividend Champions - November 2019
Dividend Champion And Contender Highlights: Week Of October 27
My 4% Dividend Yield Portfolio: Pulling Out 60% Back To Cash
Dividend Champions Analysis: A Lot Of Banks With Over 3% Yields
The Retirees' Dividend Portfolio - John And Jane's September Taxable Account Update: Adding McDonald's

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