Dividend Contenders Trading Below Fair Value September 2024

Here are the top dividend contenders trading below fair value according to Portfolio Insight. A dividend contender are those companies who have raised their dividends for 10+ years at a minimum and up to 24 years. After that, a stock would be a dividend aristocrat that has been able to rise for 25+ years. Fair value is based on historical P/E multiple relative to where these names are trading currently.

Another month, another screening, we take a look at what names may be attractively valued. Again, this month, as we’ve seen previously, is that most of these names are showing negative total returns in both the 3 and 1-year returns. Dividend contenders just have not been performing well in terms of total returns in a higher rate environment, though with the Fed cutting their benchmark rate, higher yielders can become more attractive.

In fact, only Nexstar Medica Group (NXST) this month is showing a positive total return in both of these periods. Assurant (AIZ) did not make the list this month, which was the other position showing positive total returns. In a 5-year total return period, we have NXST, as well as Comcast Corporation (CMCSA), Bristol-Myers Squibb Company (BMY) and Hilendbrand (HI).

This is not investment advice but for entertainment purposes only. Any decision to buy or sell is solely made by that individual. Speak with a financial professional to develop an investing plan that is right for your own objectives and goals.