The 'Magnificent Seven' Dividend Growth Stocks Overlooked by the Stock Market

This article is about a group of dividend growth stocks that I have admired over most of the 40-plus years I've been in the investment business. But even though I have always admired these great companies, which I now dub the “Magnificent Seven,” I have rarely owned them because the markets have normally overpriced them. However, as you will soon see, the great recession of 2008 changed all that. These magnificent blue-chip stalwarts, each a recognized giant in its industry, have finally become reasonably priced based on earnings and cash flows. Positioning Statement However, before we elaborate on the valuation opportunity that we believe this group of blue-chip stocks offer, a few comments on investing principles are in order. An efficient way to accomplish this is to share a few comments made by Charles Brandes at the Eighth Annual Value Investors Conference held this year in Omaha, Nebraska: "Opportunities for... Read more