Updated Dividend Growers List from the S&P 1500

Standard & Poor's recently updated the list of dividend growers from the S&P 1500 Index. In addition to the list containing decent growers, the companies exhibit a strong dividend coverage ratio. The criteria used in assembling the list include:

• paid increasing annual cash dividend for the past 10-years

• actual 2008 and 2009 & 2010 estimated coverage ratio of at least 2-to-1 (based on street estimates divided by the current 12 month indicated dividend rate)

As S&P notes, and I certainly concur, this is not a buy list. It is a useful starting point for potential dividend growers though. The list has changed from the one detailed in my post on June 30, 2009.

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