I’ve complete my dividend growth stock ranking screen that I run monthly using information from David Fish’s CCC list.
If you would like to read the details about how I run this screen, including the criteria used and how each parameter is scored, check out my post on the Dividend Growth Stock Ranking System.
In these posts I only list the results of the screen and mention a few of the dividend stocks that I will be watching closely this month. It is important to note that I am not recommending the purchase or sale of any stocks mentioned here. I have not yet researched the majority of this list in detail nor have I verified the numbers taken from the CCC list so please do your own due diligence. As always, I will write up any analysis I perform on stocks from this screen in a separate post.
Dividend Growth Stock Ranking Results
My ranking screen scores all stocks on the CCC list with 10 points possible based on dividend strength, financial strength, valuation and technical analysis (click HERE for details). I have included July scores (if available) for comparison and stocks that I hold are shown in bold font. Here are the top 40 stocks from this month’s screen:
T Rowe Price Group (TROW), which held the top spot for 2 months straight, has finally been dethroned by TE Connectivity (TEL), Valero Energy (VLO), Helmerich & Payne (HP) and Magna International (MGA).
A few stocks jumped by over a point since last month: MKS Instruments (MKSI), Cohen & Steers (CNS), Nordson (NDSN), Miller Industries (MLR), Franklin Electric (FELE) and 3M Company (MMM). Most of this can be attributed to increased analyst target prices and lower PE ratios.
The average score this month was just about 5.5 points and I always like to mention any notable stocks that beat the average:
- Notable 7’s: W W Grainger (GWW), Valspar (VAL), Stage Stores (SSI), Texas Instruments (TXN), PennyMac (PMT)
- Notable 6.75’s: Allstate (ALL), Foot Locker (FL), Old Republic International (ORI), National Oilwell Varco (NOV)
- Notable 6.5’s: Chubb (CB), Dow Chemical (DOW), ExxonMobil (XOM), Gap (GPS), Harley-Davidson (HOG), Qualcomm (QCOM)
- Notable 6.25’s: Caterpillar (CAT), Travelers (TRV)
- Notable 6’s: Armanino Foods (AMNF)
Top Dividend Growth Stocks By Sector
Here are the top scoring dividend stocks from each sector:
My August Buy List & Need-To-Analyze List
There are a few stocks that I have already researched extensively and I’m looking to buy at the right price. The majority of these stocks scored well in the screen but there are a few low scoring stocks that made my buy list based on in-depth research. Here are the stocks on my buy list this month:
New Additions: Kinder Morgan (KMI), Archer Daniels Midland (ADM), Southern Co (SO), BHP Billiton (BBL), Foot Locker (FL), Armanino Foods (AMNF), Phillip Morris (PM), ConocoPhillips (COP)
Average Downs: T Rowe Price (TROW), Cummins (CMI), Apple (AAPL)
There are also several stocks that caught my eye from the screen and from articles that I’ve read that I need to research further. After an in depth analysis these stocks might be added to my buy list:
General Electric (GE), American Express (AXP), Thor Industries (THO) and PennyMac (PMT)
Hopefully some of these dividend stocks will go on sale for me this month. I’ve got cash in hand and my finger on the trigger. Happy shopping everyone!
Are any of the top ranking stocks from this screen in your portfolio or on your wish list? What stocks are you watching or itching to buy in August? Please let me know in the comments section below!
Full Disclosure: Long VLO, MGA, TROW, CMI, BLK, GD, ORI, XOM, GPS, QCOM, AAPL