In the most recent issue of Standard & Poor's weekly Outlook newsletter, they detailed a list of seventeen dividend growers that have upside stock price appreciation potential. The factors that went into constructing the list include companies that:
- increased their annual dividend at least ten years in a row
- generated earnings that were 1.5 times what they paid last year
- potential upside price appreciation of at least 15% based on S&P's 12-month target price
- a projected 2010 P/E of less than 15
A partial list of the companies that resulted from the screen are detailed below. The full list is available in the Outlook newsletter dated August 19, 2009 ($).
Long interest: ABT, CVX, XOM, FPL, IBM
Source:
A Dividend Starting Place ($)
The Outlook Newsletter
By: Howard Silverblatt, Senior Index Analyst
August 19, 2009
http://www.outlook.standardandpoors.com/NASApp/NetAdvantage/servlet/login?url=/NASApp/NetAdvantage/index.do
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