Generally speaking these are the two reasons most people buy stock in these companies and, for the most part, companies tend to like these types of shareholders. Dividend growth investors won't constantly buy and sell their shares causing volatility in the company's shares. Upper management appreciates this because it reduces stress in the boardroom.
“Look to add quality, dividend-paying, blue chips when they become irrationally oversold and undervalued. That is how and when experienced investors create blue chip investment portfolios which serve them well throughout their entire lives with growth of capital and growth of dividend income.”
The companies identified below are companies on the list of Dividend Aristocrats that can be considered "on sale" as compared to their previous quoted prices. I have based this solely on looking at their weekly charts (which takes a longer view of the stock's performance than its daily charts). For the most part the determining criteria is the MACD below the zero line. I generally like to see the MACD bottom out and start to turn up before I actually buy the stock so these companies may have further to go on the downside, but there's no doubt that they are on sale compared to previous periods. Additional confirmation should also be confirmed in the momentum indicators RSI and ADX.
Once again, identifying these companies is not a recommendation to buy or sell securities in these companies. Please do your own homework and be responsible for your investment decisions.
“There are no bad days in the market. When the market is down, you’ve got bargains, and it’s lovely to think of what you are buying at low prices. When the market is up, the bargains have gone, but you’re rich.”