Results of my screen for consistent dividend growers among the smaller caps.
FINVIZ has a screening universe of 6758 stocks and funds. I eliminated all non-US stocks, all funds, banks, S&Ls, REITs, utilities, and MLPs, then screened for dividend payers with a current yield >= 1% and a market cap less than $2B. Then I ran the numbers through Excel, adding the current yield to the lowest of the -3, 5-, 7- and 9-year dividend CAGRs. In order to make the cut, this sum had to equal or exceed 10%. Other qualifiers were at least 6 dividend increases in the past 10 years, a current payout ratio <= 70%, and a 5-year average payout ratio <=70%. 18 companies made the list.
CASY MDP MGRC WEYS 9 dividend increases
ATNI JCS ODC 8 increases
ACU HWKN IPAR LPHI STRA 7 increases
BDMS FIX GKSR JJSF NRCI RMCF 6 increases
FWIW, not all of these companies are rated by Zacks, but of those that are, MGRC and GKSR got the 2nd highest rating of 2. CASY and ATNI received a rating of 5 (SELL).
Also, BRC yields 2%, shows 9 dividend increases, has grown it by 7.7%, and just missed the cut with a sum of 9.7%. Zacks rates BRC a 2.
LPHI has been discussed either here or over on the Value Investing board. It began paying dividends in 2003, has upped its payout every year since, and I believe they paid a special dividend in 2010. If not for that special, it would not have made the list. Except for LPHI, most stocks on the list sport PEs in the mid to high teens.
I'd post the whole sheet on SI with all the metrics, if that's possible and if I knew how. Anyone??? |
