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The following list might be interesting to momentum investors looking for dividend income.

To create the list, we started with a universe of about 100 dividend champions identified by the DrIP Investing Resource Center--featuring companies that have increased dividends for more than 25 consecutive years. We then narrowed down the list by only focusing on those stocks that are in rally mode, i.e. trading above the 20-day, 50-day and 200-day moving averages.

Considering that these companies have a track record of raising dividends, do you think these good trends will continue? Full details below.

Dividend yields, short floats and moving average data sourced from Finviz.

Interactive Chart: Press Play to compare changes in analyst ratings over the last two years for the top six stocks mentioned below. Analyst ratings sourced from Zacks Investment Research. Note: The numbers on top of items represent the forward P/E ratio, if available.


The list has been sorted by dividend yield.

1. Pitney Bowes Inc. (PBI): Business Equipment Industry. Market cap of $4.93B. Dividend yield at 6.02%. The stock is currently 0.9% above its 20-day MA, 2.37% above its 50-day MA, and 7.92% above its 200-day MA. Short float at 8.7%, which implies a short ratio of 8.79 days. The stock has gained 20.52% over the last year.

2. Vectren Corporation (VVC): Diversified Utilities Industry. Market cap of $2.18B. Dividend yield at 5.16%. The stock is currently 2.03% above its 20-day MA, 3.42% above its 50-day MA, and 7.91% above its 200-day MA. Short float at 1.74%, which implies a short ratio of 2.8 days. The stock has gained 19.65% over the last year.

3. Cincinnati Financial Corp. (CINF):
Property & Casualty Insurance Industry. Market cap of $5.35B. Dividend yield at 4.87%. The stock is currently 2.48% above its 20-day MA, 4.76% above its 50-day MA, and 15.75% above its 200-day MA. Short float at 10.29%, which implies a short ratio of 15.02 days. The stock has gained 30.27% over the last year.

4. Consolidated Edison Inc. (ED): Diversified Utilities Industry. Market cap of $14.56B. Dividend yield at 4.75%. The stock is currently 0.37% above its 20-day MA, 1.51% above its 50-day MA, and 7.78% above its 200-day MA. Short float at 2.52%, which implies a short ratio of 4.5 days. The stock has gained 19.59% over the last year.

5. Leggett & Platt, Incorporated (LEG): Home Furnishings & Fixtures Industry. Market cap of $3.36B. Dividend yield at 4.7%. The stock is currently 0.48% above its 20-day MA, 3.28% above its 50-day MA, and 6.78% above its 200-day MA. Short float at 2.67%, which implies a short ratio of 2.81 days. The stock has gained 24.78% over the last year.

6. Black Hills Corporation (BKH): Electric Utilities Industry. Market cap of $1.25B. Dividend yield at 4.53%. The stock is currently 2.97% above its 20-day MA, 3.93% above its 50-day MA, and 4.84% above its 200-day MA. Short float at 15.17%, which implies a short ratio of 13.3 days. The stock has gained 24.82% over the last year.

7. Community Trust Bancorp Inc. (CTBI): Regional Banks Industry. Market cap of $455.8M. Dividend yield at 4.09%. The stock is currently 1.76% above its 20-day MA, 3.42% above its 50-day MA, and 9.53% above its 200-day MA. Short float at 3.22%, which implies a short ratio of 17.52 days. The stock has gained 26.88% over the last year.

8. Kimberly-Clark Corporation (KMB): Personal Products Industry. Market cap of $26.31B. Dividend yield at 4.09%. The stock is currently 1.01% above its 20-day MA, 2.84% above its 50-day MA, and 3.4% above its 200-day MA. Short float at 1.39%, which implies a short ratio of 2.17 days. The stock has gained 10.95% over the last year.

9. RPM International Inc. (RPM):
General Building Materials Industry. Market cap of $3.08B. Dividend yield at 3.54%. The stock is currently 4.73% above its 20-day MA, 9.39% above its 50-day MA, and 20.51% above its 200-day MA. Short float at 1.59%, which implies a short ratio of 2.51 days. The stock has gained 27.63% over the last year.

10. Clorox Corporation (CLX): Housewares & Accessories Industry. Market cap of $8.86B. Dividend yield at 3.46%. The stock is currently 1.28% above its 20-day MA, 1.76% above its 50-day MA, and 0.32% above its 200-day MA. Short float at 3.31%, which implies a short ratio of 2.66 days. The stock has gained 8.92% over the last year.

11. Federal Realty Investment Trust (FRT): REIT. Market cap of $4.91B. Dividend yield at 3.36%. The stock is currently 2.4% above its 20-day MA, 3.28% above its 50-day MA, and 4.12% above its 200-day MA. Short float at 7.28%, which implies a short ratio of 9.65 days. The stock has gained 21.85% over the last year.

12. Sonoco Products Co. (SON): Paper & Paper Products Industry. Market cap of $3.7B. Dividend yield at 3.12%. The stock is currently 1.29% above its 20-day MA, 5.05% above its 50-day MA, and 10.27% above its 200-day MA. Short float at 1.05%, which implies a short ratio of 2.47 days. The stock has gained 31.28% over the last year.

13. Genuine Parts Company (GPC): Auto Parts Wholesale Industry. Market cap of $8.32B. Dividend yield at 3.1%. The stock is currently 2.98% above its 20-day MA, 4.69% above its 50-day MA, and 18.78% above its 200-day MA. Short float at 3.48%, which implies a short ratio of 6.26 days. The stock has gained 40.24% over the last year.

14. Mine Safety Appliances Co. (MSA):
Medical Appliances & Equipment Industry. Market cap of $1.17B. Dividend yield at 3.1%. The stock is currently 4.31% above its 20-day MA, 4.97% above its 50-day MA, and 18.67% above its 200-day MA. Short float at 3.57%, which implies a short ratio of 12.99 days. The stock has gained 39.16% over the last year.

15. Nucor Corporation (NUE):
Steel & Iron Industry. Market cap of $14.9B. Dividend yield at 3.07%. The stock is currently 5.68% above its 20-day MA, 10.84% above its 50-day MA, and 16.81% above its 200-day MA. Short float at 4.68%, which implies a short ratio of 3.49 days. The stock has gained 13.84% over the last year.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Source: Momentum Ideas: 15 High Yield Dividend Champions in Rally Mode