Question 1

What are undervalued Dividend Aristocrats?

Accepted Answer

Dividend Aristocrats are companies that have raised their dividend for at least 25 consecutive years. 'Undervalued' ones are those currently trading below our blended fair-value estimate — so you get a proven, high-quality dividend grower at a discount, which is historically rare because quality usually trades at a premium.

Question 2

Why do Aristocrats rarely go on sale?

Accepted Answer

Because the market pays up for reliability. Decades of unbroken dividend growth signal durability, so Aristocrats typically trade richer than the average stock. When one does fall below fair value, it's usually a temporary, stock-specific concern rather than a broken business — which is what value investors look for.

Question 3

How do you estimate fair value?

Accepted Answer

We blend three models — a two-stage discounted cash flow, a dividend-discount model and Benjamin Graham's earnings multiple — and flag a stock as undervalued when its price sits meaningfully below the blend.

Question 4

Are these safe?

Accepted Answer

Aristocrat status implies a strong dividend record, but always check the current safety score and payout ratio on each stock's page — a long streak can still face new risks.

#	Company	Yield	Growth Streak	Upside	Safety	Frequency
1	NWFLNorwood Financial Corp.	4.09%	26 yr	+116%	A	quarterly
2	UBSIUnited Bankshares, Inc.	3.19%	38 yr	+114%	A	quarterly
3	BANFBancFirst Corporation	1.69%	32 yr	+99%	A	quarterly
4	CINFCincinnati Financial Corporation	2.08%	30 yr	+94%	A	quarterly
5	EBMTEagle Bancorp Montana, Inc.	2.49%	25 yr	+85%	A	quarterly
6	WLYJohn Wiley & Sons, Inc.	2.79%	32 yr	+78%	A	quarterly
7	MGRCMcGrath RentCorp	1.66%	34 yr	+78%	A	quarterly
8	WLYBJohn Wiley & Sons, Inc.	2.87%	32 yr	+77%	A	quarterly
9	MKCMcCormick & Company, Incorporated	3.71%	31 yr	+74%	A	quarterly
10	UMBFUMB Financial Corporation	1.18%	30 yr	+54%	A	quarterly
11	RBCAARepublic Bancorp, Inc.	2.17%	27 yr	+54%	A	quarterly
12	BF-ABrown-Forman Corporation	3.54%	38 yr	+53%	A	quarterly
13	CLXThe Clorox Company	5.15%	42 yr	+44%	B	quarterly
14	KMBKimberly-Clark Corporation	4.73%	40 yr	+41%	A	quarterly
15	CBChubb Limited	1.16%	32 yr	+36%	A	quarterly
16	FDSFactSet Research Systems Inc.	1.80%	26 yr	+34%	A	quarterly
17	PIIPolaris Inc.	3.72%	30 yr	+31%	A	quarterly
18	UHTUniversal Health Realty Income Trust	6.84%	38 yr	+30%	A	quarterly
19	CFRCullen/Frost Bankers, Inc.	2.55%	31 yr	+26%	A	quarterly
20	EPDEnterprise Products Partners L.P.	5.77%	26 yr	+26%	A	quarterly
21	TNCTennant Company	1.44%	38 yr	+25%	A	quarterly
22	CSLCarlisle Companies Incorporated	1.27%	38 yr	+24%	A	quarterly
23	UVVUniversal Corporation	6.25%	39 yr	+23%	A	quarterly
24	HTOHTOH2O America	2.69%	45 yr	+22%	A	quarterly
25	BRCBrady Corporation	1.05%	33 yr	+22%	A	quarterly
26	AOSA. O. Smith Corporation	2.45%	33 yr	+21%	A	quarterly
27	OZKBank OZK	3.58%	27 yr	+20%	A	quarterly
28	RLIRLI Corp.	1.17%	38 yr	+19%	A	quarterly
29	ROPRoper Technologies, Inc.	1.00%	28 yr	+18%	A	quarterly
30	IBMInternational Business Machines Corporation	3.18%	30 yr	+16%	A	quarterly
31	CCFNMuncy Columbia Financial Corporation	2.16%	25 yr	+16%	A	quarterly
32	BF-BBrown-Forman Corporation	3.59%	38 yr	+16%	A	quarterly
33	ORIOld Republic International Corporation	2.98%	38 yr	+10%	A	quarterly
34	MDTMedtronic plc	3.46%	25 yr	+10%	A	quarterly
35	ESEversource Energy	4.22%	25 yr	+10%	A	quarterly
36	NJRNew Jersey Resources Corporation	3.24%	30 yr	+9%	A	quarterly
37	NCNACCO Industries, Inc.	2.19%	40 yr	+7%	A	quarterly
38	SONSonoco Products Company	3.82%	34 yr	+6%	A	quarterly
39	EXPDExpeditors International of Washington, Inc.	0.89%	29 yr	+5%	A	semiannual
40	FULH.B. Fuller Company	1.72%	38 yr	+5%	A	quarterly

Undervalued Dividend Aristocrats

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