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The Cheapest Dividend Growers From The MidCap 400 Dividend Aristocrats Index

I've recently looked at the S&P MidCap 400 Dividend Aristocrats Index in order to find new investment ideas.

The index is designed to measure the performance of companies within the S&P MidCap 400® that have followed a managed dividends policy of consistently increasing dividends every year for at least 15 years.

Most valuations skyrocket within the past years due to moetaring easing. As a result, price multiples of high-quality stocks rose to over 20 and yields went down under 2 percent.

Attached is list of the cheapest dividend growers from the index. Those stocks have a forward P/E of less than 15.

You can also find more cheap dividend stock ideas on my blog.



These are my favorite stocks... 

Albemarle (NYSE:ALB) has a market capitalization of $5.63 billion. The company employs 4,231 people, generates revenue of $2,445.55 million and has a net income of $194.70 million.

Albemarle’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $430.98 million. The EBITDA margin is 17.62 percent (the operating margin is 11.09 percent and the net profit margin 7.96 percent).

Financials: The total debt represents 56.18 percent of Albemarle’s assets and the total debt in relation to the equity amounts to 215.83 percent. Due to the financial situation, a return on equity of 13.58 percent was realized by Albemarle.

Twelve trailing months earnings per share reached a value of $2.57. Last fiscal year, Albemarle paid $0.82 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 19.36, the P/S ratio is 2.27 and the P/B ratio is finally 2.84. The dividend yield amounts to 2.23 percent and the beta ratio has a value of 1.68.


Long-Term Stock Price Chart Of Albemarle (ALB)
Long-Term Dividend Payment History of Albemarle (ALB)
Long-Term Dividend Yield History of Albemarle (ALB)

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Commerce Bancshares (NASDAQ:CBSH) has a market capitalization of $4.04 billion. The company employs 4,728 people, generates revenue of $648.29 million and has a net income of $262.78 million.

Commerce Bancshares’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $ million. The EBITDA margin is percent (the operating margin is 35.78 percent and the net profit margin 24.55 percent).

Financials: The total debt represents 8.20 percent of Commerce Bancshares’s assets and the total debt in relation to the equity amounts to 84.40 percent. Due to the financial situation, a return on equity of 11.72 percent was realized by Commerce Bancshares.

Twelve trailing months earnings per share reached a value of $2.70. Last fiscal year, Commerce Bancshares paid $0.86 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 15.49, the P/S ratio is 3.74 and the P/B ratio is finally 1.83. The dividend yield amounts to 2.17 percent and the beta ratio has a value of 1.01.


Long-Term Stock Price Chart Of Commerce Bancshares (CBSH)
Long-Term Dividend Payment History of Commerce Bancshares (CBSH)
Long-Term Dividend Yield History of Commerce Bancshares (CBSH)

Old Republic (NYSE:ORI) has a market capitalization of $3.84 billion. The company employs 7,900 people, generates revenue of $5,530.70 million and has a net income of $409.90 million.

Old Republic’s earnings before interest, taxes, depreciation and amortization (EBITDA) amounts to $635.20 million. The EBITDA margin is 11.48 percent (the operating margin is 11.48 percent and the net profit margin 7.41 percent).

Financials: The total debt represents 5.68 percent of Old Republic’s assets and the total debt in relation to the equity amounts to 24.59 percent. Due to the financial situation, a return on equity of 10.64 percent was realized by Old Republic.

Twelve trailing months earnings per share reached a value of $1.43. Last fiscal year, Old Republic paid $0.73 in the form of dividends to shareholders.

Market Valuation: Here are the price ratios of the company: The P/E ratio is 10.33, the P/S ratio is 0.69 and the P/B ratio is finally 0.96. The dividend yield amounts to 5.01 percent and the beta ratio has a value of 0.98.


Long-Term Stock Price Chart Of Old Republic (ORI)
Long-Term Dividend Payment History of Old Republic (ORI)
Long-Term Dividend Yield History of Old Republic (ORI)
8 Cheapest Stocks From The MidCap 400 Dividend Aristocrats Index (click to enlarge);
Source: long-term-investments.blogspot.com

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Related Stock Ticker Symbols:
ORI, CFR, EV, ALB, CBSH, HCC, SFG, RNR,

Selected Articles:

*I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I receive no compensation to write about any specific stock, sector or theme.


1 comment:

  1. Howard2/09/2015

    Good article, Tom. I already own ORI, but CFR was new to me. And it's the 1st stock that I've added to my spreadsheet in a long time.

    I might buy some CFR. Good dividend, steady div growth, beta = .93, very good div-to-earnings ratio. I don't own any other banking stocks, so it would add diversification to my portfolio, too.

    Thanks for the article.

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