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	UBSIUnited Bankshares, Inc.	3.33%	38 yr	+121%	A	quarterly
2	NWFLNorwood Financial Corp.	3.98%	26 yr	+110%	A	quarterly
3	BANFBancFirst Corporation	1.69%	32 yr	+98%	A	quarterly
4	MGRCMcGrath RentCorp	1.70%	34 yr	+82%	A	quarterly
5	EBMTEagle Bancorp Montana, Inc.	2.46%	25 yr	+82%	A	quarterly
6	WLYJohn Wiley & Sons, Inc.	3.21%	32 yr	+76%	A	quarterly
7	ARTNAArtesian Resources Corporation	3.84%	31 yr	+73%	A	quarterly
8	MKCMcCormick & Company, Incorporated	3.92%	31 yr	+71%	A	quarterly
9	UMBFUMB Financial Corporation	1.27%	30 yr	+65%	A	quarterly
10	RBCAARepublic Bancorp, Inc.	2.26%	27 yr	+58%	A	quarterly
11	WLYBJohn Wiley & Sons, Inc.	3.29%	32 yr	+54%	A	quarterly
12	KMBKimberly-Clark Corporation	5.01%	40 yr	+46%	B	quarterly
13	CLXThe Clorox Company	5.12%	42 yr	+46%	A	quarterly
14	CBChubb Limited	1.24%	32 yr	+44%	A	quarterly
15	BF-ABrown-Forman Corporation	3.37%	38 yr	+42%	A	quarterly
16	UHTUniversal Health Realty Income Trust	7.45%	38 yr	+40%	A	quarterly
17	HTOHTOH2O America	3.09%	45 yr	+40%	A	quarterly
18	BRCBrady Corporation	1.19%	33 yr	+37%	A	quarterly
19	FDSFactSet Research Systems Inc.	1.92%	26 yr	+37%	A	quarterly
20	PIIPolaris Inc.	3.83%	30 yr	+36%	A	quarterly
21	RLIRLI Corp.	1.32%	38 yr	+35%	A	quarterly
22	CFRCullen/Frost Bankers, Inc.	2.78%	31 yr	+31%	A	quarterly
23	EPDEnterprise Products Partners L.P.	5.88%	26 yr	+30%	A	quarterly
24	CSLCarlisle Companies Incorporated	1.28%	38 yr	+25%	A	quarterly
25	ROPRoper Technologies, Inc.	1.09%	28 yr	+25%	A	quarterly
26	ANDEThe Andersons, Inc.	1.11%	28 yr	+24%	A	quarterly
27	NJRNew Jersey Resources Corporation	3.45%	30 yr	+24%	A	quarterly
28	TNCTennant Company	1.43%	38 yr	+23%	A	quarterly
29	UVVUniversal Corporation	6.16%	39 yr	+21%	A	quarterly
30	CCFNMuncy Columbia Financial Corporation	2.24%	25 yr	+21%	A	quarterly
31	ORIOld Republic International Corporation	3.27%	38 yr	+19%	A	quarterly
32	AOSA. O. Smith Corporation	2.40%	33 yr	+18%	A	quarterly
33	OZKBank OZK	3.49%	27 yr	+17%	A	quarterly
34	ESEversource Energy	4.59%	25 yr	+16%	A	quarterly
35	SONSonoco Products Company	4.21%	34 yr	+16%	A	quarterly
36	MDTMedtronic plc	3.59%	25 yr	+12%	A	quarterly
37	WABCWestamerica Bancorporation	3.20%	36 yr	+12%	A	quarterly
38	EXPDExpeditors International of Washington, Inc.	0.97%	29 yr	+10%	A	semiannual
39	AFLAflac Incorporated	2.07%	41 yr	+8%	A	quarterly
40	BF-BBrown-Forman Corporation	3.40%	38 yr	+6%	A	quarterly

Undervalued Dividend Aristocrats

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