12 Dividend Champions With Lowest Debt
Dividend Champions With Low Debt Ratios Researched By Dividend Yield - Stock, Capital, Investment. The amount of debt is of huge importance for investors. The debt level is a capital capacity measure and something like a buffer for tough times. If the company gets trouble, big credit lines could help the make sure that the company gets back on track.
Recently, I screened stocks with consecutive dividend hikes of at least 10 years in a row (Dividend Achievers) and low debt to equity ratios (below 0.1). Twenty-two Dividend Achievers fulfilled these criteria and most of the results had a low number of dividend hikes.
Now, I narrowed my criteria and screened the investment category Dividend Champions (over 25 years of consecutive rising dividends) by stocks with a very low debt to equity ratio (below 0.1). Twelve stocks fulfilled these criteria but only eight are currently recommended by brokerage firms.
Here are my favorite stocks:
Take a closer look at the full table. The average price to earnings ratio (P/E ratio) amounts to 17.00 and forward P/E ratio is 14.32. The dividend yield has a value of 2.27 percent. Price to book ratio is 2.87 and price to sales ratio 1.97. The operating margin amounts to 18.02 percent and the beta ratio is 0.87.
Related stock ticker symbols:
MCY, CVX, ADP, XOM, TROW, LANC, HRL, GRC, TR, RAVN, CLC, HP