10 Dividend Growth Stocks For June 2019

Justin Law maintains the CCC list, a wonderful resource for dividend growth investors created by the late David Fish. The list contains 884 stocks trading on U.S. exchanges that have paid higher dividends for at least five consecutive calendar years. An accompanying spreadsheet provides valuable data and is updated monthly.
In this article, I rank a subset of the CCC stocks and present the 10 top-ranked stocks for consideration. My ranking system assigns letter grades to stocks relative to their performance among sector peers. A sector-oriented ranking system avoids the problems associated with ranking dissimilar stocks.
This month I decided to rank CCC stocks in the Communication Services sector.
The CCC List: Communication Services
The latest CCC list (dated 05/31/19) contains 884 stocks. There are 137 Dividend Champions with increasing calendar year payouts for the past 25 years; 232 Dividend Contenders (past 10-24 years); and 515 Dividend Challengers (past 5-9 years).
The CCC spreadsheet contains only 18 Communication Services sector stocks. I ranked 13 of these stocks after excluding stocks trading over the counter, stocks with market caps below $1 billion, and stocks with yields below 1%.

Source: finbox.io
Collectively, the stocks have a fair value upside of about 4% and an average dividend yield of 2.9%. An equal-weighted portfolio would have returned 12.9% in the past year. Over the last five years, the stocks have slightly trailed the... Read more