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.	3.75%	26 yr	+174%	A	quarterly
2	BANFBancFirst Corporation	1.69%	32 yr	+99%	A	quarterly
3	RBCAARepublic Bancorp, Inc.	1.97%	27 yr	+93%	A	quarterly
4	CINFCincinnati Financial Corporation	2.06%	30 yr	+91%	A	quarterly
5	UBSIUnited Bankshares, Inc.	3.10%	38 yr	+85%	A	quarterly
6	EBMTEagle Bancorp Montana, Inc.	2.46%	25 yr	+84%	A	quarterly
7	WLYJohn Wiley & Sons, Inc.	2.62%	32 yr	+84%	A	quarterly
8	MKCMcCormick & Company, Incorporated	3.73%	31 yr	+80%	A	quarterly
9	MGRCMcGrath RentCorp	1.63%	34 yr	+75%	A	quarterly
10	WLYBJohn Wiley & Sons, Inc.	2.74%	32 yr	+75%	A	quarterly
11	UMBFUMB Financial Corporation	1.22%	30 yr	+59%	A	quarterly
12	BF-ABrown-Forman Corporation	3.15%	38 yr	+50%	A	quarterly
13	CLXThe Clorox Company	4.94%	42 yr	+43%	B	quarterly
14	CBChubb Limited	1.12%	32 yr	+40%	A	quarterly
15	KMBKimberly-Clark Corporation	4.53%	40 yr	+38%	A	quarterly
16	ROPRoper Technologies, Inc.	0.93%	28 yr	+37%	A	quarterly
17	FDSFactSet Research Systems Inc.	1.63%	26 yr	+36%	A	quarterly
18	PIIPolaris Inc.	3.80%	30 yr	+32%	A	quarterly
19	CSLCarlisle Companies Incorporated	1.27%	38 yr	+31%	A	quarterly
20	UHTUniversal Health Realty Income Trust	6.63%	38 yr	+30%	A	quarterly
21	HTOHTOH2O America	2.74%	45 yr	+25%	A	quarterly
22	CFRCullen/Frost Bankers, Inc.	2.47%	31 yr	+24%	A	quarterly
23	OZKBank OZK	3.61%	27 yr	+23%	A	quarterly
24	EPDEnterprise Products Partners L.P.	5.71%	26 yr	+23%	A	quarterly
25	TNCTennant Company	1.41%	38 yr	+22%	A	quarterly
26	UVVUniversal Corporation	6.06%	39 yr	+22%	A	quarterly
27	BRCBrady Corporation	1.00%	33 yr	+21%	A	quarterly
28	RLIRLI Corp.	1.11%	38 yr	+19%	A	quarterly
29	AOSA. O. Smith Corporation	2.25%	33 yr	+17%	A	quarterly
30	CCFNMuncy Columbia Financial Corporation	2.14%	25 yr	+15%	A	quarterly
31	BF-BBrown-Forman Corporation	3.20%	38 yr	+13%	A	quarterly
32	IBMInternational Business Machines Corporation	2.97%	30 yr	+13%	A	quarterly
33	EXPDExpeditors International of Washington, Inc.	0.95%	29 yr	+10%	A	semiannual
34	NCNACCO Industries, Inc.	2.21%	40 yr	+10%	A	quarterly
35	MDTMedtronic plc	3.31%	25 yr	+10%	A	quarterly
36	ESEversource Energy	4.18%	25 yr	+9%	A	quarterly
37	WABCWestamerica Bancorporation	3.17%	36 yr	+9%	A	quarterly
38	FULH.B. Fuller Company	1.72%	38 yr	+8%	A	quarterly
39	SONSonoco Products Company	3.57%	34 yr	+7%	A	quarterly
40	NJRNew Jersey Resources Corporation	3.17%	30 yr	+7%	A	quarterly

Undervalued Dividend Aristocrats

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