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10 Dividend Growth Stocks For December 2020

Published Thu, 24 Dec 2020 06:00:00 -0500 on Seeking Alpha

Seeking AlphaDividend Quick Picks10 Dividend Growth Stocks For December 2020Dec. 24, 2020 6:00 AM ET|| Includes: AMGN, ATO, BMY, BMYMP, CSCO, GD, LMT, MMM, MRK, PFE, PNWby: 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.
To rank stocks, I use DVK Quality Snapshots to get quality scores and sort them in descending order, breaking ties with additional metrics.
This month, I screened for high-quality stocks whose current dividend yields are higher than their 5-year average dividend yields and are trading below my own fair value estimates.
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 is a weekly automatically generated spreadsheet listing stocks with dividend increase streaks of five years or more.
To compile this month's candidates, I screened for high-quality stocks with quality scores of 19 or higher and stocks whose current dividend yield is higher than its 5-year average dividend yield. Such stocks are attractive but not necessarily discounted. Therefore, I also screened for stocks trading below my own fair value estimates.
As usual, I used DVK Quality Snapshots to assess the quality of candidates. To rank the stocks, I sorted them by descending quality scores and broke ties using additional metrics.
Screening and Ranking
The latest Dividend Radar (dated December 18, 2020) contains 748 stocks. Of these, 49 stocks have quality scores of 19 or higher (high-quality stocks) and have yields that top their 5-year average yields.
I ranked the 49 candidates by sorting their quality scores (determined via DVK Quality Snapshots) in descending order. To break ties, I used 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
AMGEN 194.00   15.4 12.62 5.80 2.95
CISCO SYSTEMS 49.93   19.2 2.60 1.40 2.85
MERCK & CO 83.31   23.3 3.57 2.20 2.69
LOCKHEED MARTIN 386.63   18.8 20.52 8.80 2.31
GENERAL DYNAMICS 189.41   16.8 11.25 4.08 2.17
ATMOS ENERGY 109.44   25.9 4.23 2.10 1.93

PFIZER - PFE
PFIZER - PFE  


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