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10 Dividend Growth Stocks For June 2020

Published Mon, 29 Jun 2020 09:00:03 -0400 on Seeking Alpha

Seeking AlphaDividend Quick Picks10 Dividend Growth Stocks For June 2020Jun. 29, 2020 9:00 AM ET|| Includes: BMY, BMYMP, CAT, EMR, GD, MMM, MRK, PEG, PEP, PFE, PNWby: FerdiSFerdiS Dividend growth investing, portfolio strategy, long-term horizon, valueDivGro.cls-1{fill:#024999;}SummaryI rank a selection of dividend growth stocks in Dividend Radar and present the 10 top-ranked stocks for consideration.
To rank stocks, I use DVK Quality Snapshots to obtain quality scores and break ties by considering additional metrics.
This month, I'm presenting stocks yielding at least 3% that are trading below fair value.

In my monthly series of 10 Dividend Growth Stocks, I rank a selection of dividend growth [DG] stocks in Dividend Radar and present the 10 top-ranked stocks for consideration. Dividend Radar a weekly automatically generated spreadsheet listing stocks with dividend increase streaks of five years or more.
This month I decided to rank high-yielding DG stocks with yields of at least 3% that also trade at discounted valuations. I use DVK Quality Snapshots to assess the quality of DG stocks and break ties in quality scores by considering additional metrics.
Screening and Ranking The latest Dividend Radar list (dated June 26, 2020) contains 768 stocks.
I decided to screen for DG stocks with yields of at least 3%. Additionally, I wanted to only consider stocks that are trading below my fair value estimates. No fewer than 143 stocks pass these two screens.
Ranking by Quality
I use the scoring system of DVK Quality Snapshots to obtain quality scores, and consider the following factors to break ties in order to rank the stocks:
SSD Dividend Safety Scores S&P Credit Ratings Dividend Yield Each stock's Rank is shown in the tables that follow.
Fair Value Estimates
To estimate fair value, I reference fair value estimates and price targets from several sources, including Finbox and Morningstar. I also estimate fair value using the... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
PFIZER 37.28   17.0 2.19 1.44 3.85
3M 170.58   20.6 8.28 5.76 3.41
BRISTOL-MYERS SQUIBB 49.61   13.1 3.80 1.64 3.38
PINNACLE WEST CAPITAL 93.28   20.9 4.47 2.95 3.21
CATERPILLAR 131.75   12.3 10.74 4.12 3.16
PUBLIC SERVICE ENTERPRISE 61.45   21.3 2.88 1.88 3.07
EMERSON ELECTRIC 64.71   18.4 3.52 1.96 3.02
PEPSICO 137.29   15.2 9.02 3.82 2.81
MERCK & CO 83.31   23.3 3.57 2.20 2.69
GENERAL DYNAMICS 189.41   16.8 11.25 4.08 2.17


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