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.	3.70%	26 yr	+159%	A	quarterly
2	CINFCincinnati Financial Corporation	2.21%	30 yr	+134%	A	quarterly
3	UBSIUnited Bankshares, Inc.	3.22%	38 yr	+118%	A	quarterly
4	BANFBancFirst Corporation	1.77%	32 yr	+105%	A	quarterly
5	EBMTEagle Bancorp Montana, Inc.	2.63%	25 yr	+96%	A	quarterly
6	MGRCMcGrath RentCorp	1.78%	34 yr	+90%	A	quarterly
7	MKCMcCormick & Company, Incorporated	3.74%	31 yr	+74%	A	quarterly
8	WLYJohn Wiley & Sons, Inc.	3.02%	32 yr	+72%	A	quarterly
9	WLYBJohn Wiley & Sons, Inc.	2.96%	32 yr	+68%	A	quarterly
10	UMBFUMB Financial Corporation	1.43%	30 yr	+66%	A	quarterly
11	BF-ABrown-Forman Corporation	3.47%	38 yr	+58%	A	quarterly
12	KMBKimberly-Clark Corporation	5.20%	40 yr	+57%	B	quarterly
13	CBChubb Limited	1.21%	32 yr	+56%	A	quarterly
14	CAHCardinal Health, Inc.	0.88%	39 yr	+49%	A	quarterly
15	RBCAARepublic Bancorp, Inc.	2.06%	27 yr	+47%	A	quarterly
16	CFRCullen/Frost Bankers, Inc.	2.53%	31 yr	+44%	A	quarterly
17	CSLCarlisle Companies Incorporated	1.49%	38 yr	+43%	A	quarterly
18	UHTUniversal Health Realty Income Trust	7.43%	38 yr	+42%	A	quarterly
19	UVVUniversal Corporation	7.35%	39 yr	+37%	A	quarterly
20	ANDEThe Andersons, Inc.	1.13%	28 yr	+36%	A	quarterly
21	EPDEnterprise Products Partners L.P.	5.67%	26 yr	+34%	A	quarterly
22	ROPRoper Technologies, Inc.	0.94%	28 yr	+32%	A	quarterly
23	BRCBrady Corporation	1.15%	33 yr	+31%	A	quarterly
24	FDSFactSet Research Systems Inc.	1.79%	26 yr	+31%	A	quarterly
25	NJRNew Jersey Resources Corporation	3.76%	30 yr	+30%	A	quarterly
26	HTOHTOH2O America	2.81%	45 yr	+25%	A	quarterly
27	SONSonoco Products Company	4.52%	34 yr	+25%	A	quarterly
28	OZKBank OZK	3.79%	27 yr	+24%	A	quarterly
29	CLXThe Clorox Company	5.70%	42 yr	+23%	B	quarterly
30	RLIRLI Corp.	1.19%	38 yr	+22%	A	quarterly
31	NCNACCO Industries, Inc.	2.64%	40 yr	+20%	A	quarterly
32	FULH.B. Fuller Company	1.90%	38 yr	+16%	A	quarterly
33	BF-BBrown-Forman Corporation	3.52%	38 yr	+16%	A	quarterly
34	AFLAflac Incorporated	2.12%	41 yr	+16%	A	quarterly
35	AOSA. O. Smith Corporation	2.51%	33 yr	+15%	A	quarterly
36	CCFNMuncy Columbia Financial Corporation	2.12%	25 yr	+13%	A	quarterly
37	ORIOld Republic International Corporation	3.08%	38 yr	+13%	A	quarterly
38	EXPDExpeditors International of Washington, Inc.	0.84%	29 yr	+13%	A	semiannual
39	TNCTennant Company	1.80%	38 yr	+12%	A	quarterly
40	SOThe Southern Company	3.49%	25 yr	+11%	A	quarterly

Undervalued Dividend Aristocrats

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