Another quarter went by, so I wanted to post a snapshot of highest quality Dividends stocks for Q2 2022
Companies are ranked based on David Van Knapp's (DVK) quality metrics, which I really like and use regularly.
As a reminder, DVK ranks companies based on the following 5 metrics:
Safety grades from ValueLine
Financial grades from ValueLine
Safety score from SimplySafeDividends
Moat score from Morningstar
Credit rating from S&P
Only companies scoring 4 or 5 points make this list.
As of Q2 2022, out of 734 companies that raised dividends for more then 5 consecutive years, 57 are on this list.
For some fun facts, I currently own 24 of this companies.
Regarding valuation, the ones that are currently on my watchlist which I consider undervalued are: INTC, MMM, CMCSA, BLK, MDT, CSCO, APD, MSFT(?), TXN, SNA, UPS, ITW
Here is a breakdown by number of scored points:
Companies with 25 points: ACN, ADP, JNJ, MSFT, NKE, PG, WMT, V
Companies with 24 points: AAPL, COST, CSCO, GD, HD, HON, LLY, LMT, MA, MDT, MRK, PEP, TXN, UNP
Companies with 23 points: ABT, AMGN, APD, BLK, BMY, CMCSA, ECL, EMR, HSY, INTC, ITW, KO, MMM, PFE, RTX, UNH
Companies with 22 points: ADI, AEP, ATO, CAT, CB, GL, HRL, INTU, NEE, UPS, WEC, TRV
Companies with 21 points: AON, CMI, DHR, GWW, MMC, SNA, XEL
You can download the list in PDF format from this link
If you want to see the current up-to-date list you can always bookmark this link from my stock screener which contains a view with the correct filters.
PS: if you want to read more about the complete list of metrics used by DVK (all of them are available in my stock screener) you can read this collection of articles.
Caveat Emptor!