If you have read my blog for a longer time, you would have noticed that I often write about dividend growth stocks and dividends in general. One dividend growth category is the Dividend Challengers category. Those stocks have raised their dividend cash payments to shareholders over a period of more than 5 consecutive years but less than 10 years in a row.
Because of the rising market valuation, I wanted to know which of the Dividend Challengers are still fair or even cheap priced compared to its growth forecasts by analysts.
I selected all stocks from the dividend growth category with a market cap over $10 billion and a low forward P/E below 15. In addition, the expected earnings per share growth should be above 5 percent yearly. Exactly 20 companies fulfilled these criteria.
14 of the results have a current buy or better rating and five stocks yielding over the three percent mark.
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