After two months off, I'm back with another edition of my monthly series, 10 Dividend Growth Stocks. I rank a selection of Dividend Radar stocks in this series and present the ten top-ranked stocks for further research and possible investment. Dividend Radar is a weekly automatically generated spreadsheet of dividend growth [DG] stocks with dividend increase streaks of five or more years.

I like the simplicity of DVK Quality Snapshots, but there's an outsized impact on the quality score for stocks not covered by Value Line. Value Line contributes two of the five quality indicators or up to 10 of 25 available points. A stock not covered by Value Line immediately forfeits 10 points and can only score a maximum of 15 points!

Making matters worse is that the Value Line Safety Rank is actually an average of two other Value Line metrics, the Value Line Financial Strength rating (the second Value Line quality indicator used in DVK Quality Snapshots) and Value Line's Price Stability Index.

In the next few months, I'll experiment with other quality indicators to see if I can find a suitable replacement for Value Line's Safety Rank. This month, I'm substituting Value Line's Safety Rank with a ranking based on JUST Capital's 2022 Rankings of America's largest publicly traded companies to see how quality scoring might be affected.

Please read my article at Seeking Alpha to see my ten top-ranked dividend growth stocks for October 2022. As usual, I provide fair value estimates and key metrics for each of these stocks. 

More By This Author:

How To Identify Quality Dividend Growth Stocks
Our Best And Worst Performers In 2021
Expired Options (November 2021)