3 Dividend Paying Stocks With Strong Growth Prospects
I have searched for very profitable companies with very strong growth prospects that pay rich dividends. Those stocks would have to show also a very low forward P/E. I have elaborated a screening method which shows stock candidates following these lines. Nonetheless, the screening method should only serve as a basis for further research. The screen's formula requires all stocks to comply with all following demands:
Dividend yield is greater than 3.0%.
The PEG Ratio is less than 1.25.
Trailing P/E is less than 20.
Forward P/E is less than 13.
Average annual sales growth for the past 5 years is greater than 15%.
Average annual earnings growth for the past 5 years is greater than 15%.
Average annual earnings growth estimates for the next 5 years is greater than 15%.
After running this screen on February 14, 2013, before the market open, I discovered the following three stocks:
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