When those screeners won't allow me sort on the parameters that I'm interested in, I simply develop my own databases and spreadsheets and then screen for the specific information I want. It's more work than using the preset parameters but I end up getting the precise information that I'm seeking. One piece of information that I'm always interested in is the mean estimated one year percentage stock gain as estimated by the wall street brokerages. Once I gather that data I add the company's expected yield and get the total expected one year return on investment. It's really eye opening to see the one year percentage stock price gains that the analysts are estimating.
As a dividend growth investor interested in companies on the list of Dividend Aristocrats, I like to screen those companies first. I then like to put any new money I may have toward those companies with the highest expected total one year return. I also like to avoid those companies with the lowest expected total one year return.
Some investors may argue that these are great companies and that they should be part of every Dividend Growth Investor's portfolio. I wouldn't necessarily argue with that reasoning because for the most part they are great companies. I would, however, argue that even dividend growth stocks can be bought at the wrong time. They should be avoided until either their price pulls back to an acceptable level or analysts raise their estimates to a level that is acceptable to the conservative investor.
An increasing dividend, as wonderful as that is, that's offset by a decreasing stock price just doesn't make a lot of sense to me. It's just not how I like to invest. If that's how you like to invest, you might want to think about starting a new hobby.
Price (7 July)
No of Analysts
Total Est. Gain after 1 Year
The Clorox Company
Air Products & Chemicals
Family Dollar Stores