From Dividend Growth Stocks:
While the S&P 500 Dividend Aristocrats may be the most recognized list of dividend stocks, it is certainly not the largest. Since the Dividend Aristocrats list is limited to only stocks included in the S&P 500 Index, many smaller stocks are excluded. To expand the population of potential investments, many investors look at the dividend growth stocks included in Broad Dividend Achievers™ list.
The Broad Dividend Achievers™ Index is comprised of companies incorporated in the United States or its territories, trade on the NYSE, Nasdaq, or AMEX, and have increased their annual regular dividend payments for the last 10 or more consecutive years.
In addition, the stock's average daily cash volume must exceed $500,000 per day in November and December prior to the annual reconstitution date on the last trading date in January. The index is calculated using a modified market capitalization weighting methodology and has been published by the American Stock Exchange under the ticker symbol DAA since December 5, 2003.
This week, I screened my dividend growth stocks database for Dividend Achievers with a yield greater than 5% and have increased their dividends for at least 25 consecutive years. I excluded companies that were Dividend Aristocrats. The results are...
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More on dividends:
Six steps to create a low-risk, high-yield dividend portfolio
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A super-efficient way to own the world's best dividend-paying stocks