Dividend Challengers Smackdown XXIX

In the most recent installments of the Smackdown series, I screened the Dividend Champions (which can be found here) starting with stocks' Estimated Earnings Per Share Growth for the Next 5 Years and, last month, with stocks' Premium (+) or Discount (-) to the Graham Number. (Note that I have separated the Champions, Contenders, and Challengers into different articles to fit more closely into the format preferred by Seeking Alpha. Champions are companies that have paid higher dividends for at least 25 straight years; Contenders have streaks of 10-24 years; Challengers have streaks of 5-9 years. I use the same Roman numeral for all three articles.) This month, I decided to borrow an idea from fellow Seeking Alpha Contributor Jeff Paul, who has written several articles about the combination of high yield and low payout ratio, like this one. Of course, there's always a question about... Read more