5 Dividend Champions That Just Hit 52-Week Highs

As of close on Wednesday, August 24th, a handful Dividend Champions have reached new 52 week highs over the course of the trading day. Let's dig a little deeper to see if these Champions still have value and if they warrant additional research. Thanks to David Fish and his U.S. Dividends Champions list for the dividend streaks and subsequent 5-YR Dividend Growth Rates ("DGR").
Raven Industries (Nasdaq: RAVN) - Dividend Growth Streak - 29 Years
Of the five on this list, Raven Industries has seen the most impressive run year-to-date ("YTD") with its share price having jumped 60.23% reaching a 52 week high of $25.00. Raven recently announced earnings on August 23 and beat on both the top and bottom lines. This sparked an impressive 2-day rally in which shares jumped 15.39%.
Quick Screen:
52 Week Range: $12.8-$25.00
P/E Ratio ((NYSE: TTM)): 87.0
P/B: 3.3
Yield: 2.44%
5-YR DGR: 10.9%
Graham #: $6.50
RSI: 84.02
RAVN 1 YEAR CHART

Source: RBC Direct investing
Brady Corp (NYSE: BRC) - Dividend Growth Streak - 30 Years
Brady Corp has also seen one of the most impressive runs YTD with its share price having jumped 50.52% reaching a 52-week high of $33.21. Aside from earnings releases and general momentum, I have been unable to find any news that would justify such price appreciation. Despite seeing its revenues drop year-over-year ("YOY"), investors seem buoyed by the fact Brady has been able to beat... Read more