BRO - Our Top 10 Dividend Growth Stocks - May 2024
2024-05-18 09:00:00 ET
Summary
- This article focuses on selecting high-growth dividend stocks with rapidly growing dividends rather than high current yields.
- We use our proprietary models to rate quantitatively and qualitatively and select the top ten names from an initial list of nearly 400 dividend stocks.
- The article provides criteria for selecting high-growth dividend stocks. It offers a step-by-step guide on structuring a portfolio based on this strategy.
- We also publish a monthly series titled "5 Relatively Safe and Cheap DGI Stocks," focusing on moderate to high current income, favoring high-yield names.
In this series of articles, we focus on selecting and highlighting stocks that have rapidly grown their dividends in the recent past. We also need to ensure that these stocks will likely grow their earnings at a fast pace in the next few years. Due to their hypergrowth, their price generally grows quickly, and they usually do not pay very high current yields. With high-growth stocks, we need to be content with a lower current yield. However, please keep in mind that nothing is permanent, and with time, their business model matures, or new competition/technology can emerge and change their growth patterns. That's why it may be important that we monitor these stocks at least every quarter.
If you need higher yields, please read the most recent article from our monthly series titled " 5 Relatively Secure and Cheap DGI, " which focuses on moderate to high current income - favoring high-yield names. Irrespective of whether your goal is high dividend growth or high current income, we always need to pay attention to the quality of companies that we invest in and the price we pay....
Our Top 10 Dividend Growth Stocks - May 2024