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On November 15, 2011, David Van Knapp published an article that gave me a “Eureka!” moment in my investing life. I am literally 10 to 15 years away from retirement, and my goal is to create a portfolio that in 10 years' time will be yielding 10% or more yield-on-cost (YOC). The article was called “Using the 10 x 10 Table to ‘Score’ Dividend Yields and Growth Rates.”

I used that “aha!” energy to create my own personal shopping list of dividend growth stocks, which I shared with the Seeking Alpha community in a follow-up article for a “10 x 10 x CCC Shopping List.” This shopping list uses David Fish’s Dividend Champions, Contenders and Challengers (CCC) list, found here, and plugs David Fish’s CCC choices into David Van Knapp’s original 10 x 10 chart, which is coordinated by yield and annual growth (the last 1-year growth rate).

Since November 15, overall market conditions, as well as potential dividend growth stock choices, have changed. David Fish has updated his “CCC” list on December 30, 2011 with new choices, updates to existing stocks and some deletions to our shopping list. As a result, the shopping list published in November is quite out of date.

Thus my “Eureka!” moment has given birth to a new series of updates, which will hopefully help you keep track of the best dividend growth stocks to achieve 10% YOC in 10 years. It is my goal to provide you a quarterly update on your 10 x 10 x CCC Shopping List.

I will also create two lists for your consideration. List #1 will use the most recent data available, which is the 1-year growth rate. List #2 will use the most conservative dividend growth rate among all published dividend growth rates (1-, 3-, 5- and 10-year).

PLEASE NOTE: for the lists below, I am not accounting for inflation when considering yield-on-cost. I am using a simple “plug in” on rounded-down numbers, based on David Van Knapp’s and David Fish’s information. Inflation, reinvestment or purchase of additional shares, as well as any future changes in an individual stock’s dividend growth rate, will affect each stock’s ability to reach the goal as stated in the chart.

Here are your choices for 1Q 2012:

10 by 10 x CCC Shopping List

MOST RECENT DATA (1-year growth rate)

Initial

Yield

2%

3%

4%

5%

6%

7%

8%

9%

10%

Annual

Growth

Rate

4%

8 yrs

5 yrs

2 yrs

1 yr

STON

NRGY

DX

PNNT

5%

10 yr

8 yrs

4 yrs

2 yrs

1 yr

BPL

TOO

VGR

APU

6%

8 yrs

6 yrs

3 yrs

1 yr

1 yr

TGP

7%

10 yr

7 yrs

5 yrs

3 yrs

1 yr

1 yr

NGLS

TCAP

8%

9 yrs

6 yrs

4 yrs

3 yrs

1 yr

1 yr

SEP

ETE

9%

8 yrs

6 yrs

4 yrs

2 yrs

1 yr

1 yr

MO

CHEV

BDMS

10%

10 yr

7 yrs

5 yrs

4 yrs

2 yrs

1 yr

1 yr

AVA

GEL

CHT

11%

9 yrs

7 yrs

5 yrs

3 yrs

2 yrs

1 yr

1 yr

CMLP

12%

8 yrs

6 yrs

5 yrs

3 yrs

2 yrs

1 yr

1 yr

AZN

13%

13

10 yr

8 yrs

6 yrs

4 yrs

3 yrs

2 yrs

1 yr

1 yr

UGI

ARLP

OHI

14%

12

9 yrs

7 yrs

5 yrs

4 yrs

3 yrs

2 yrs

1 yr

1 yr

STR

PRE

15% +

9 yrs

7 yrs

5 yrs

4 yrs

3 yrs

2 yrs

1 yr

1 yr

DCM

MDP

RAI

NCMI

COP

NVS

NTT

LMT

CMS

TGH

DRI

AHGP

HAS

EOC

SOMH

STRA

TWGP

DLR

CEO

RCI

RTN

SRE

INTC

BBL

WEC

MSFT

WMB

EV

10 by 10 x CCC Shopping List

CONSERVATIVE DATA (lowest choice from 1-, 3-, 5- and 10-yr growth rates)

Initial

Yield

2%

3%

4%

5%

6%

7%

8%

9%

10%

Annual

Growth

Rate

4%

8 yrs

5 yrs

2 yrs

1 yr

TGP

DX

PNNT

5%

10 yr

8 yrs

4 yrs

2 yrs

1 yr

VGR

6%

8 yrs

6 yrs

3 yrs

1 yr

1 yr

ETE

7%

10 yr

7 yrs

5 yrs

3 yrs

1 yr

1 yr

NGLS

TCAP

GEL

8%

9 yrs

6 yrs

4 yrs

3 yrs

1 yr

1 yr

SEP

RAI

SJR

9%

8 yrs

6 yrs

4 yrs

2 yrs

1 yr

1 yr

MO

CHEV

OHI

BDMS

10%

10 yr

7 yrs

5 yrs

4 yrs

2 yrs

1 yr

1 yr

MDP

NCMI

11%

9 yrs

7 yrs

5 yrs

3 yrs

2 yrs

1 yr

1 yr

CMLP

12%

8 yrs

6 yrs

5 yrs

3 yrs

2 yrs

1 yr

1 yr

TGH

AZN

ARLP

13%

10 yr

8 yrs

6 yrs

4 yrs

3 yrs

2 yrs

1 yr

1 yr

DCM

BBL

14%

9 yrs

7 yrs

5 yrs

4 yrs

3 yrs

2 yrs

1 yr

1 yr

HAS

15% +

9 yrs

7 yrs

5 yrs

4 yrs

3 yrs

2 yrs

1 yr

1 yr

NTT

NVS

CMS

LMT

DRI

AHGP

RCI

EOC

EVR

STRA

DLR


Source: Your 10 x 10 x CCC Shopping List For Q1 2012