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10 Dividend Growth Stocks For October 2020

Published Sat, 17 Oct 2020 09:00:00 -0400 on Seeking Alpha

Seeking AlphaDividend Quick Picks10 Dividend Growth Stocks For October 2020Oct. 17, 2020 9:00 AM ET|| Includes: CL, COST, GD, JNJ, LMT, MDT, MRK, PEP, PG, WMTby: FerdiSFerdiS Dividend Growth Investing, portfolio strategy, long-term horizon, ValueDiv Gro.cls-1{fill:#024999;}SummaryIn my monthly series of 10 Dividend Growth Stocks, I rank a selection of dividend growth stocks in Dividend Radar and present the 10 top-ranked stocks for consideration.
I use DVK Quality Snapshots to obtain quality scores and rank stocks by breaking ties with additional metrics.
This month, I'm presenting stocks with the highest defensiveness scores, based on a new scoring system presented by David Van Knapp.
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.
To compile this month's candidates, I used a new scoring system to screen for defensive stocks. As described in an article by David Van Knapp, the new scoring system considers four safety indicators and assigns 0-3 points to each indicator for a maximum of 12 points. I screened for stocks scoring 10-12 points.
As usual, I used DVK Quality Snapshots to assess the quality of DG stocks. To rank stocks, I sorted them by descending quality scores and broke ties using additional metrics.
Screening for Defensive Stocks
In a recent article on Defensive Dividend Aristocrats, I noted that GICS sectors are grouped into super sectors based on how they perform throughout the business cycle. According to this grouping, defensive sectors include Consumer Staples, Health Care, and Utilities, and, by implication, stocks in these sectors are defensive stocks.
David Van Knapp proposed another intriguing approach. Rather than labeling stocks defensive based on sector membership, he... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
JOHNSON & JOHNSON 130.43   21.6 6.03 3.80 2.93
PEPSICO 137.29   15.2 9.02 3.82 2.81
MERCK & CO 83.31   23.3 3.57 2.20 2.69
PROCTER & GAMBLE 122.77   90.3 1.36 2.98 2.49
COLGATE PALMOLIVE 72.29   27.5 2.63 1.72 2.38
LOCKHEED MARTIN 386.63   18.8 20.52 8.80 2.31
GENERAL DYNAMICS 189.41   16.8 11.25 4.08 2.17
MEDTRONIC 110.38   33.8 3.27 2.16 2.01
WAL-MART STORES 116.92   26.3 4.44 2.12 1.83
COSTCO WHOLESALE 289.89   35.6 8.15 2.60 0.88

JOHNSON & JOHNSON - JNJ
JOHNSON & JOHNSON - JNJ  


Older articles featuring Johnson & Johnson (JNJ):
Hershey Co Handing Out Sweet Dividends to Shareholders
The 15 Safest Dividend Aristocrats To Buy Before The Election
Dividend Stock Watch List: Lanny's November 2020 Edition
COVID Surges Again: Here Are 7 Resilient, Low-Risk Dividend Aristocrats To Prepare Your Portfolio
My Dividend Growth Portfolio - Q3 2020 Summary
The Most Undervalued And Overvalued Dividend Champions - October 2020
Retirement Strategy: What Does Dividend Growth Investing Actually Mean?
Dividend Kings Analysis: 3M Is The Most Undervalued
Dividend Income Update: September 2020
Dividend Income Summary: Lanny's September 2020 Summary

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