The Most Undervalued And Overvalued Dividend Champions - April 2019

In June of 2015, I started a series of articles in which I highlight the stocks from the Dividend Champions list that have the highest and the lowest Percent Above Average Yield (PAAY) over the past year and over the past five years. PAAY is a measure of how much a stock is above (high PAAY, undervalued?) or below (low PAAY, overvalued?) its usual yield, and can be an indication that the stock is mispriced. I had to abandon this series of articles in June of 2017 because the program I used to update prices and keep track of the stocks no longer worked. I now have a replacement program so I am continuing the series. In my previous article you can see the list of the most under and overvalued Dividend Champions from March. I have also released the list of under and over valued Dividend Contenders for April just a few days ago. Please take a look at those as well.
Please note that the Dividend Challengers list is the list of stock which have raised their dividend for the past 25 years or more. It was started by, and until recently, was maintained by David Fish. David passed away a few months ago, but, fortunately, the management of the list has been taken over by Justin Law, who is doing a wonderful job. I trust him to maintain the list, and I assume that the information he presents is accurate. Any changes to the list are made by him. All historical price and dividend data used to calculate the PAAY were taken from Yahoo Finance and the Seeking Alpha historical dividend data. I... Read more