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May turned out to be a rough month for stocks. With the Dow down 6.2% and the Nasdaq down 7.7%, many investors are looking for companies with solid dividends. We use the DSO Dividend Rating System to evaluate dividend-paying stocks based on dividend growth, cash flow, income growth, payout ratio and performance. Below we have listed the 7 highest rated stocks for the month of June.

RPM International (NYSE:RPM)
DSO Rating: 98. RPM manufactures and sells specialty chemical products. It continues to stay at the top of our best dividend stocks list due to its solid fundamentals. It has a dividend yield of 3.24% and a free cash flow yield of 4.27%. The company has a 5 year dividend growth rate of 5.8% and has increased its dividend for 38 consecutive years. It has a payout ratio of 53.

Grupo Aeroportuario del Surest (NYSE:ASR)
DSO Rating: 98. Grupo Aeroportuario del Surest is an airport management company based in Mexico. It has a dividend yield of 3.6% and a free cash flow yield of 5.8%. The company pays dividends annually and has increased its dividend for 2 consecutive years. It has a 5 year dividend growth rate of 33.53% and a payout ratio of 23.7.

Diebold Incorporated (NYSE:DBD)
DSO Rating: 97. Diebold provides security systems and delivery for corporate and government markets. DBD has a dividend yield of 3.04% and a payout ratio of 18. The company has increased its dividend for 58 consecutive years and has a 5 year dividend growth rate of 5.43. DBD has a free cash flow yield of 9.4%.

Coca-Cola Co (NYSE:KO)
DSO Rating: 97. Coke is a global beverage company with a dividend yield of 2.56% and a free cash flow yield of 3.89. It has been paying dividends since 1893 and has increased its dividend for 50 years. KO has a solid 3 year net income growth rate of 15.7% and a low payout ratio of 51. A slightly higher dividend yield would give KO a perfect DSO score.

McDonald's Corporation (NYSE:MCD)
DSO Rating: 96. McDonald's is a global fast food restaurant chain. It has a dividend yield of 3.01% and a payout ratio of 48. Free cash flow yield for MCD is 4.83. McDonald's has increased its dividend for 36 years and has a 5 year dividend growth rate of 25%.

Colgate-Palmolive Company (NYSE:CL)
DSO Rating: 96. Colgate-Palmolive is a global consumer products company. It has a dividend yield of 2.4% and a free cash flow yield of 5%. The company has increased its dividend for 50 years and has a 5 year dividend growth rate of 12.6%. It has a payout ratio of 47 and a 3 year net income growth rate of 7.5%. Earnings have been solid, but we'd like to see a slightly higher net income growth rate to help boost the dividend for CL.

Intel Corp (NASDAQ:INTC)

DSO Rating: 96. Intel is a semiconductor chip maker with a dividend yield of 3.2% and a free cash flow yield of 6.78. We like the cash flow and future growth Intel has ahead of it. The company has increased its dividend for 9 years and has a 5 year dividend growth rate of 15%. It has a payout ratio of 36% and a 3 year net income growth rate of 14.4%.

Source: 7 Top Rated Dividend Stocks For June