* Data from Stockcharts.com and YahooFinance
** Closes must be less than 15% above the 60-month moving average, and companies must have a 5-year dividend growth rate ≥ 1.5% or consecutive dividend increases ≥ 5 years
*** Closes that are the lowest in a 1 year or more; are below the moving average; have corrected 30% or more from the highest monthly close in the last five years; or have an RSI(14) value less than 45.5 are considered to be “on sale”
COVID-19 continues to dominate the news and the market. As such, there are multiple dividend stocks “on sale.”
Oil related stocks continue to suffer from low oil prices and the Saudi-Russia OPEC confrontation. There is some dividend stability risk associated with these stocks as a result.
Here are a few companies from the extensive list.
Iron Mountian (IRM) | REIT – Data Security | Dividend Achiever (10 yrs) | $23.81 | FDY 10.38% | Lowest monthly close in 4 years | RSI(14) 36.43 | 16% below 60-month moving average | 30% correction from highest monthly close in last 5 years | 11% 5-year compounding dividend growth rate
Realty Income (O)| REIT- Single Tenant Buildings | Dividend Aristocrat (26 yrs) | $49.84 | FDY 5.60% | Lowest monthly close in 1 year | RSI(14) 37.89 | 9% below 60-month moving average | 38% correction from highest monthly close in last 5 years | 4% 5-year compounding dividend growth rate
Public Storage (PSA)| REIT – Personal Storage | $198.61 | FDY 4.03% | RSI(14) 45.49 | 1% below 60-month moving average | 23% correction from highest monthly close in last 5 years | 7% 5-year compounding dividend growth rate | (PSA has not raised its dividend since December 2017)
United Technologies (UTX) | Diversified Industrial | Dividend Aristocrat (25 yrs) | $94.33 | FDY 3.12% | Lowest monthly close in 3 years | RSI(14) 36.85 | 16% below 60-month moving average | 37% correction from highest monthly close in last 5 years | 4% 5-year compounding dividend growth rate | (UTX and Raytheon will merge in the near future)
General Dynamics (GD) | Defense Contractor | Dividend Aristocrat (28 yrs) | $132.13 | FDY 3.09% | Lowest monthly close in 3 years | RSI(14) 34.80 | 20% below 60-month moving average | 38% correction from highest monthly close in last 5 years | 10% 5-year compounding dividend growth rate
AT&T (T) | Telecommunications | Dividend Aristocrat (35 yrs) | $29.17 | FDY 7.13% | RSI(14) 41.79 | 7% below 60-month moving average | 24% correction from highest monthly close in last 5 years | 2% 5-year compounding dividend growth rate
UGI Corp (UGI) | Utility – Gas Distribution | Dividend Aristocrat (32 yrs) | $26.67 | FDY 4.87% | Lowest monthly close in 6 years | RSI(14) 25.70 | 38% below 60-month moving average | 52% correction from highest monthly close in last 5 years | 9% 5-year compounding dividend growth rate
3M Company (MMM) | Diversifed Industrial | Dividend King (61 yrs) | $136.75 | FDY 4.30% | Lowest monthly close in 4 years | RSI(14) 35.59 | 20% below 60-month moving average | 42% correction from highest monthly close in last 5 years | 11% 5-year compounding dividend growth rate
Emerson Electric (EMR) | Electrical Products | Dividend King (63 yrs) | $47.64 | FDY 4.20% | Lowest monthly close in 3 years | RSI(14) 37.22 | 17% below 60-month moving average | 37% correction from highest monthly close in last 5 years | 3% 5-year compounding dividend growth rate
C H Robinson (CHRW)| Shipping Logistics | Dividend Achiever (21 yrs) | $66.20 | FDY 3.08% | Lowest monthly close in 2 years | RSI(14) 37.13 | 10% below 60-month moving average | 30% correction from highest monthly close in last 5 years | 7% 5-year compounding dividend growth rate
Exxon Mobil (XOM) | Energy – Integrated Oil | Dividend Aristocrat (37 yrs) | $37.97 | FDY 9.17% | Lowest monthly close in 10 years | RSI(14) 25.89 | 56% below 60-month moving average | 53% correction from highest monthly close in last 5 years | 5% 5-year compounding dividend growth rate
Chevron (CVX)| Energy – Integrated Oil | Dividend Aristocrat (32 yrs) | $72.47 | FDY 7.12% | Lowest monthly close in 4 years | RSI(14) 29.37 | 27% below 60-month moving average | 40% correction from highest monthly close in last 5 years | 3% 5-year compounding dividend growth rate
Genuine Parts (GPC) | Retail – Auto Parts (NAPA) | Dividend King (63 yrs) | $67.33 | FDY 4.69% | Lowest monthly close in 6 years | RSI(14) 34.54 | 23% below 60-month moving average | 38% correction from highest monthly close in last 5 years | 6% 5-year compounding dividend growth rate
United Parcel Service (UPS)| Delivery Services | Dividend Achiever (10 yrs) | $93.44 | FDY 4.32% | RSI(14) 37.13 | 7% below 60-month moving average | 21% correction from highest monthly close in last 5 years | 8% 5-year compounding dividend growth rate
Archer Daniels Midland (ADM)| Processed Farm Products | Dividend Aristocrat (44 yrs) | $35.17 | FDY 4.09% | Lowest monthly close in 3 years | RSI(14) 40.87 | 12% below 60-month moving average | 27% correction from highest monthly close in last 5 years | 8% 5-year compounding dividend growth rate
Walgreens Boots (WBA)| Retail – Pharmacy | Dividend Aristocrat (44 yrs) | $45.75 | FDY 4.00% | Lowest monthly close in 6 years | RSI(14) 37.25 | 33% below 60-month moving average | 47% correction from highest monthly close in last 5 years | 7% 5-year compounding dividend growth rate
Sysco Corp (SYY) | Food Services and Supplies | Dividend King (50 yrs) | $45.63 | FDY 3.94% | Lowest monthly close in 3 years | RSI(14) 33.41 | 17% below 60-month moving average | 46% correction from highest monthly close in last 5 years | 6% 5-year compounding dividend growth rate
V F Corp (VFC)| Apparel | Dividend Aristocrat (47 yrs) | $54.08 | FDY 3.55% | Lowest monthly close in 2 years | RSI(14) 37.62 | 21% below 60-month moving average | 45% correction from highest monthly close in last 5 years | 14% 5-year compounding dividend growth rate
CVS Health (CVS)| Retail – Pharmacy and Insurance (Aetna) | $59.38 | FDY 3.77% | RSI(14) 45.36 | 19% below 60-month moving average | 41% correction from highest monthly close in last 5 years | 13% 5-year compounding dividend growth rate | (CVS has not raised its dividend since January 2018)
FedEx (FDX)| Delivery Services | Consecutive dividend increases 8 years | $121.26 | FDY 2.15% | Lowest monthly close in 6 years | RSI(14) 32.76 | 33% below 60-month moving average | 52% correction from highest monthly close in last 5 years | 28% 5-year compounding dividend growth rate
Wells Fargo (WFC)| Bank – Money Center | Consecutive dividend increases 8 years | $28.70 | FDY 7.11% | Lowest monthly close in 7 years | RSI(14) 29.99 | 40% below 60-month moving average | 53% correction from highest monthly close in last 5 years | 7% 5-year compounding dividend growth rate
Cullen Frost Bankers (CFR)| Bank – Southwest | Dividend Aristocrat (26 yrs) | $55.79 | FDY 5.09% | Lowest monthly close in 3 years | RSI(14) 31.92 | 31% below 60-month moving average | 49% correction from highest monthly close in last 5 years | 7% 5-year compounding dividend growth rate
U S Bancorp (USB)| Bank – Midwest | Consecutive dividend increases 8 years | $34.45 | FDY 4.88% | Lowest monthly close in 3 years | RSI(14) 33.94 | 25% below 60-month moving average | 42% correction from highest monthly close in last 5 years | 10% 5-year compounding dividend growth rate
J P Morgan (JPM)| Bank – Money Center | Consecutive dividend increases 8 years | $90.03 | FDY 3.99% | Lowest monthly close in 2 years | RSI(14) 41.46 | 3% above 60-month moving average | 35% correction from highest monthly close in last 5 years | 16% 5-year compounding dividend growth rate
Aflac (AFL)| Insurance – Health Supplemental | Dividend Aristocrat (37 yrs) | $34.24 | FDY 3.27% | Lowest monthly close in 2 years | RSI(14) 32.29 | 12% below 60-month moving average | 37% correction from highest monthly close in last 5 years | 7% 5-year compounding dividend growth rate
Cracker Barrel (CBRL)| Restaurant – Casual Dining | Dividend Achiever (17 yrs) | $83.22 | FDY 6.25% | Lowest monthly close in 5 years | RSI(14) 26.47 |39% below 60-month moving average |51% correction from highest monthly close in last 5 years| 8% 5-year compounding dividend growth rate | (Some dividend risk due to the COVID-19 restrictions on restaurants)
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DIVIDENDS ON SALE 