MSFT - The Highest Quality Dividend Growth Stocks In 2024

2024-07-09 09:00:37 ET

Summary

• This article updates one I wrote in August 2022, which was based on a template article by David Van Knapp published in June 2020.
• I use an adapted quality scoring system to assess the quality of dividend growth stocks.
• The system employs six quality indicators from independent sources and assigns 0-5 points to each quality indicator, for a maximum of 30 points.
• Only 25 stocks passed the stringent quality screens, and only two stocks had perfect quality scores.
• I provide a bonus list containing stocks that scored at least 26 total points but otherwise failed the quality screens.

This article follows a template article on the highest-quality dividend growth [DG] stocks by David Van Knapp, published in June 2020. To identify the highest-quality DG stocks, David screened the so-called CCC list of Dividend Champions, Contenders, and Challengers for stocks that placed in the top two scoring categories of each quality indicator in his Quality Snapshots system.

In this article, I use Dividend Radar instead of the CCC list. Much like the CCC list, Dividend Radar is a spreadsheet of DG stocks that have paid higher dividends in the last five (or more) calendar years. Produced by Portfolio Insight and provided free of cost to dividend investors, Dividend Radar is updated and published every Friday using a rules-based and automated system and verified broker-grade data....

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