This month has started off a little crazy, which seems to be a theme for the past four months. We had a few “technical problems” with our data sources, data base, internet, you name it! Most are resolved — an investment in patience, courtesy, and candy helps in getting things accomplished!
A “dividend growth stock” is a dividend-paying stock that increases the amount of dividends paid out every year AND grows free cash flow consistently in order to fund increasing dividend payments. We use the 10-year growth rates for this search so that we find only consistent growers.
This there are 745 dividend stocks with month five years or more of increasing dividends. Using our DivSys standards, we whittled that down to 180 candidates, of which we are presenting the top five from each sector here. Some sectors don’t show up on the list, as their “growthiness” doesn’t pass our screen. These stocks will appear in other screens such as Income.
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TOP 5 GROWTH STOCKS BY SECTOR
BASIC MATERIALS
» (STLD) Steel Dynamics Inc ~ Steel
» (RS) Reliance Steel & Aluminum Co ~ Steel +
» (BCPC) Balchem Corp ~ Chemicals
» (ECL) Ecolab Inc ~ Chemicals ♥
» (VMC) Vulcan Materials Co ~ Building Materials +
COMMUNICATION SERVICES
» (CMCSA) Comcast Corp ~ Media – Diversified
» (OMC) Omnicom Group Inc ~ Media – Diversified
CONSUMER CYCLICAL
» (THO) Thor Industries Inc ~ Vehicles & Parts
» (MGA) Magna International Inc ~ Vehicles & Parts +
» (NKE) Nike Inc ~ Manufacturing – Apparel & Accessories +
» (POOL) Pool Corp ~ Travel & Leisure +
» (SCI) Service Corp International ~ Personal Services +
CONSUMER DEFENSIVE
» (TSN) Tyson Foods Inc ~ Consumer Packaged Goods +
» (CHD) Church & Dwight Co Inc ~ Consumer Packaged Goods ♥
» (COST) Costco Wholesale Corp ~ Retail – Defensive + ♥
» (KR) The Kroger Co ~ Retail – Defensive
» (MKC) McCormick & Co Inc ~ Consumer Packaged Goods +
ENERGY
» (TPL) Texas Pacific Land Trust ~ Oil & Gas +
FINANCIAL SERVICES
» (V) Visa Inc ~ Credit Services
» (MKTX) MarketAxess Holdings Inc ~ Capital Markets
» (AIZ) Assurant Inc ~ Insurance +
» (SPGI) S&P Global Inc ~ Capital Markets +
» (ALL) Allstate Corp ~ Insurance +
HEALTHCARE
» (UNH) UnitedHealth Group Inc ~ Healthcare Plans
» (WST) West Pharmaceutical Services Inc ~ Medical Devices & Instruments +
» (STE) Steris PLC ~ Medical Devices & Instruments +
» (MCK) McKesson Corp ~ Medical Distribution +
» (CHE) Chemed Corp ~ Healthcare Providers & Services +
INDUSTRIALS
» (HEI) Heico Corp ~ Aerospace & Defense
» (ROP) Roper Technologies Inc ~ Industrial Products
» (CTAS) Cintas Corp ~ Business Services +
» (CSL) Carlisle Companies Inc ~ Construction +
» (SSD) Simpson Manufacturing Co Inc ~ Construction +
REAL ESTATE
» (EXR) Extra Space Storage Inc ~ REITs
» (CUBE) CubeSmart ~ REITs +
» (REG) Regency Centers Corp ~ REITs
» (ELS) Equity Lifestyle Properties Inc ~ REITs
» (PSB) PS Business Parks Inc ~ REITs +
TECHNOLOGY
» (POWI) Power Integrations Inc ~ Semiconductors
» (ORCL) Oracle Corp ~ Software
» (MSFT) Microsoft Corp ~ Software
» (CSVI) Computer Services Inc ~ Software +
» (INTC) Intel Corp ~ Semiconductors +
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Please Note: This information is not an offer to buy stocks, but just a list that has been narrowed down as starting point for your further research. We always recommend further due diligence before making your decision to invest or not.
‘+’ indicates upward direction of DivSys™ score for stocks with positive 10 year dividend growth rates, basically giving us enough years of performance to mathematically determine if they are doing better or doing worse over time.
‘♥’ indicates an all-time, reliable favorite well-suited for most portfolios.
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