Portfolio Insight first introduced Dividend Radar: Dividend Champions, Contenders, and Challengers with actionable metrics, on May 15, 2020. Our automated list is produced every Friday based on broker-grade data and a rules-based automated approach that ensures accurate and timely data. Dividend Radar is the most accurate list, and it’s free for everyone to use.
There were 314 Dividend Contenders as of December 31, 2021.
The chart shows that half of the Dividend Contenders achieved at least a 5-yr Total Trailing Return (TTR) of 12.55%, and approximately 30% outperformed the S&P TTR of 18.36%.
Based on the 5-year TTR, the leaders show consistently strong total returns, double-digit dividend growth (except for CHDN), and a low forward dividend yield (except for AVGO). The Contenders are a great data set to surface opportunities to accelerate portfolio appreciation.
Watch List Candidate
Several Contenders presently meet my criteria for considering a dividend growth stock as a watch list candidate.
During the past ten years, Visa Inc. (V) has outperformed theNasdaq (QQQ), the S&P, and the Dividend Aristocrats (NOBL). V’s recent price weakness might resent a buying opportunity.
The graph shows that V is currently trading within the fair value range and with a 12-month target price of $255.14, which is 18% higher than the current price.
V has demonstrated an attractive dividend growth story.
V has realized significant price appreciation (blue line)and a compelling dividend growth demonstrated by the 5-year and 10-year dividendCAGRs of 17.94% and 23.07%.
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Happy Investing!
Jim Sr