Alexandros Michailidis/iStock Editorial via Getty Images
This article was co-produced with James Marino Sr. of Portfolio Insight.
This article series summarizes upcoming ex-dividend dates of stocks in Dividend Radar, a weekly automatically generated spreadsheet listing dividend growth stocks with dividend streaks of five years or more.
The ex-dividend date of stocks is usually set one business day before the record date, the cut-off date for determining which shareholders will receive the next dividend payment. You will not receive the next dividend payment if you buy a stock on its ex-dividend date or after. Instead, the seller will receive the next dividend. If you buy the stock before the ex-dividend date, you will receive the dividend.
Upcoming Ex-Dividend Dates
The following table presents a summary of ex-dividend dates for the next two weeks. The table is divided into sections by Ex-Div Date and sorted by Ticker for each date. Yrs are years of consecutive dividend increases, Yield is the new dividend yield for the market close Price on the date listed, and 5-yr DGR is the compound annual growth rate of the dividend over five years (on a trailing 12-month basis). Note that Payout is the dollar amount payable per share or unit on the Pay Date.
| Company (Ticker) | Yrs | Price(29.Oct) | Yield | 5-YrDGR | Pay-out | Pay Date |
| Ex-Div Date: 11/02 (Last Day to Buy: Monday, 11/01) | ||||||
| Colony Bankcorp, Inc. (CBAN) | 5 | $18.80 | 2.18% | 0.0% | 0.103 | 11/17 |
| Heritage Financial Corporation (HFWA) | 10 | $24.84 | 3.38% | 11.7% | 0.21 | 11/17 |
| MarketAxess Holdings Inc. (MKTX) | 12 | $408.67 | 0.65% | 21.4% | 0.66 | 11/17 |
| VSE Corporation (VSEC) | 18 | $55.55 | 0.65% | 9.9% | 0.09 | 11/17 |
| Ex-Div Date: 11/03 (Last Day to Buy: Tuesday, 11/02) | ||||||
| Cambridge Bancorp (CATC) | 23 | $91.81 | 2.66% | 4.7% | 0.61 | 11/18 |
| Franklin Electric Co., Inc. (FELE) | 29 | $86.38 | 0.81% | 11.5% | 0.175 | 11/18 |
| NextEra Energy Partners, LP (NEP) | 7 | $86.30 | 3.17% | 15.4% | 0.685 | 11/12 |
| S&T Bancorp, Inc. (STBA) | 9 | $30.56 | 3.80% | 8.1% | 0.29 | 11/18 |
| WSFS Financial Corporation (WSFS) | 8 | $51.81 | 1.00% | 15.8% | 0.13 | 11/18 |
| Ex-Div Date: 11/04 (Last Day to Buy: Wednesday, 11/03) | ||||||
| Bank of Marin Bancorp (BMRC) | 16 | $38.11 | 2.52% | 13.5% | 0.24 | 11/12 |
| CMS Energy Corporation (CMS) | 15 | $60.35 | 2.88% | 7.0% | 0.435 | 11/30 |
| Cheniere Energy Partners, L.P. (CQP) | 5 | $44.05 | 6.17% | 9.1% | 0.68 | 11/12 |
| Delek Logistics Partners, LP (DKL) | 9 | $50.26 | 7.56% | 8.9% | 0.95 | 11/10 |
| First Community Bankshares, Inc. (FCBC) | 10 | $32.42 | 3.33% | 12.0% | 0.27 | 11/19 |
| First Commonwealth Financial Corporation (FCF) | 5 | $15.30 | 3.01% | 10.0% | 0.115 | 11/19 |
| Franklin Financial Services Corporation (FRAF) | 7 | $32.50 | 3.94% | 9.0% | 0.32 | 11/24 |
| Hawkins, Inc. (HWKN) | 17 | $36.67 | 1.42% | 3.7% | 0.13 | 11/19 |
| Independent Bank Corporation (IBCP) | 7 | $22.53 | 3.73% | 21.0% | 0.21 | 11/15 |
| IDACORP, Inc. (IDA) | 10 | $104.32 | 2.88% | 6.9% | 0.75 | 11/30 |
| Intel Corporation (INTC) | 7 | $49.00 | 2.84% | 6.1% | 0.348 | 12/01 |
| J.B. Hunt Transport Services, Inc. (JBHT) | 18 | $197.19 | 0.61% | 5.7% | 0.3 | 11/19 |
| Lakeland Bancorp, Inc. (LBAI) | 11 | $17.98 | 3.00% | 7.6% | 0.135 | 11/15 |
| Lamb Weston Holdings, Inc. (LW) | 5 | $56.45 | 1.67% | 0.0% | 0.235 | 12/03 |
| Magellan Midstream Partners, L.P. (MMP) | 20 | $49.00 | 8.47% | 5.3% | 1.038 | 11/12 |
| Norfolk Southern Corporation (NSC) | 5 | $293.05 | 1.49% | 11.2% | 1.09 | 11/19 |
| Northwest Bancshares, Inc. (NWBI) | 12 | $13.80 | 5.80% | 5.8% | 0.2 | 11/15 |
| Omega Healthcare Investors, Inc. (OHI) | 19 | $29.36 | 9.13% | 3.0% | 0.67 | 11/15 |
| Pfizer Inc. (PFE) | 11 | $43.74 | 3.57% | 5.6% | 0.39 | 12/06 |
| Sirius XM Holdings Inc. (SIRI) | 5 | $6.09 | 1.44% | 0.0% | 0.022 | 11/29 |
| Constellation Brands, Inc. (STZ) | 6 | $216.81 | 1.40% | 16.3% | 0.76 | 11/19 |
| Constellation Brands, Inc. (STZ.B) | 6 | $217.04 | 1.27% | 16.5% | 0.69 | 11/19 |
| Washington Federal, Inc. (WAFD) | 11 | $35.36 | 2.60% | 10.6% | 0.23 | 11/19 |
| Ex-Div Date: 11/05 (Last Day to Buy: Thursday, 11/04) | ||||||
| Apple Inc. (AAPL) | 9 | $149.80 | 0.59% | 9.3% | 0.22 | 11/11 |
| Ameriprise Financial, Inc. (AMP) | 16 | $302.13 | 1.50% | 8.9% | 1.13 | 11/19 |
| Artesian Resources Corporation (ARTNA) | 29 | $40.22 | 2.66% | 3.0% | 0.268 | 11/19 |
| AmeriServ Financial, Inc. (ASRV) | 6 | $3.99 | 2.51% | 17.3% | 0.025 | 11/22 |
| California Water Service Group (CWT) | 54 | $60.88 | 1.51% | 5.7% | 0.23 | 11/19 |
| First Interstate BancSystem, Inc. (FIBK) | 8 | $41.57 | 3.95% | 13.4% | 0.41 | 11/18 |
| W.W. Grainger, Inc. (GWW) | 50 | $463.11 | 1.40% | 5.7% | 1.62 | 12/01 |
| Home Bancorp, Inc. (HBCP) | 7 | $41.75 | 2.20% | 19.5% | 0.23 | 11/19 |
| Lazard Ltd (LAZ) | 14 | $48.99 | 3.84% | 5.2% | 0.47 | 11/19 |
| National Instruments Corporation (NATI) | 8 | $42.47 | 2.54% | 6.3% | 0.27 | 11/29 |
| Peoples Bancorp Inc. (PEBO) | 6 | $31.96 | 4.51% | 18.0% | 0.36 | 11/22 |
| PetMed Express, Inc. (PETS) | 12 | $28.43 | 4.22% | 9.4% | 0.3 | 11/19 |
| SJW Group (SJW) | 54 | $65.92 | 2.06% | 10.8% | 0.34 | 12/01 |
| Standex International Corporation (SXI) | 11 | $111.27 | 0.93% | 11.4% | 0.26 | 11/24 |
| Westamerica Bancorporation (WABC) | 29 | $55.76 | 3.01% | 1.0% | 0.42 | 11/19 |
| WVS Financial Corp. (OTCQX:WVFC) | 5 | $15.58 | 2.57% | 20.1% | 0.1 | 11/18 |
| Ex-Div Date: 11/08 (Last Day to Buy: Friday, 11/05) | ||||||
| Heritage Commerce Corp. (HTBK) | 8 | $11.99 | 4.34% | 8.2% | 0.13 | 11/23 |
| Lake Shore Bancorp, Inc. (LSBK) | 5 | $15.08 | 3.72% | 13.6% | 0.14 | 11/19 |
| Landstar System, Inc. (LSTR) | 8 | $175.81 | 0.57% | 21.7% | 0.25 | 12/03 |
| MetLife, Inc. (MET) | 9 | $62.80 | 3.06% | 3.9% | 0.48 | 12/14 |
| Webster Financial Corporation (WBS) | 11 | $55.96 | 2.86% | 10.8% | 0.4 | 11/23 |
| Waste Connections, Inc. (WCN) | 11 | $136.01 | 0.68% | 16.2% | 0.23 | 11/23 |
| Ex-Div Date: 11/09 (Last Day to Buy: Monday, 11/08) | ||||||
| American Electric Power Company, Inc. (AEP) | 12 | $84.71 | 3.68% | 5.7% | 0.78 | 12/10 |
| American Water Works Company, Inc. (AWK) | 13 | $174.18 | 1.38% | 14.8% | 0.603 | 12/01 |
| Enterprise Bancorp, Inc. (EBTC) | 27 | $37.15 | 1.99% | 7.2% | 0.185 | 12/01 |
| Employers Holdings, Inc. (EIG) | 6 | $38.60 | 2.59% | 24.8% | 0.25 | 11/24 |
| First Citizens BancShares, Inc. (FCNCA) | 5 | $813.90 | 0.23% | 9.4% | 0.47 | 11/30 |
| FS Bancorp, Inc. (FSBW) | 8 | $34.46 | 1.74% | 24.6% | 0.15 | 11/24 |
| German American Bancorp, Inc. (GABC) | 9 | $39.42 | 2.13% | 11.6% | 0.21 | 11/20 |
| International Business Machines Corporation (IBM) | 26 | $125.10 | 5.24% | 3.9% | 1.64 | 12/10 |
| Independent Bank Group, Inc. (IBTX) | 8 | $72.29 | 1.99% | 31.5% | 0.36 | 11/24 |
| Investors Bancorp, Inc. (ISBC) | 7 | $15.30 | 3.66% | 18.6% | 0.14 | 11/26 |
| Kearny Financial Corp. (KRNY) | 6 | $13.42 | 3.28% | 35.8% | 0.11 | 11/24 |
| Landmark Bancorp, Inc. (LARK) | 20 | $28.64 | 2.79% | 5.3% | 0.2 | 11/24 |
| Matson, Inc. (MATX) | 8 | $83.28 | 1.44% | 6.3% | 0.3 | 12/02 |
| Macatawa Bank Corporation (MCBC) | 8 | $8.40 | 3.81% | 21.7% | 0.08 | 11/29 |
| M.D.C. Holdings, Inc. (MDC) | 5 | $48.98 | 4.08% | 15.3% | 0.5 | 11/24 |
| Mid Penn Bancorp, Inc. (MPB) | 8 | $28.02 | 2.86% | 9.9% | 0.2 | 11/22 |
| Mueller Water Products, Inc. (MWA) | 7 | $16.41 | 1.41% | 17.1% | 0.058 | 11/22 |
| Northfield Bancorp, Inc. (Staten Island, NY) (NFBK) | 9 | $17.55 | 2.96% | 9.9% | 0.13 | 11/24 |
| Pool Corporation (POOL) | 11 | $515.16 | 0.62% | 19.4% | 0.8 | 11/24 |
| PPG Industries, Inc. (PPG) | 50 | $160.57 | 1.47% | 7.8% | 0.59 | 12/10 |
| ResMed Inc. (RMD) | 9 | $262.91 | 0.64% | 5.3% | 0.42 | 12/16 |
| Rollins, Inc. (ROL) | 19 | $35.23 | 1.14% | 11.7% | 0.1 | 12/10 |
| Sandy Spring Bancorp, Inc. (SASR) | 11 | $47.46 | 2.70% | 5.6% | 0.32 | 11/17 |
| Sound Financial Bancorp, Inc. (SFBC) | 8 | $43.12 | 1.58% | 18.3% | 0.17 | 11/24 |
| Silicon Motion Technology Corporation (SIMO) | 7 | $71.41 | 2.80% | 18.5% | 0.5 | 11/24 |
| Sonoco Products Company (SON) | 39 | $57.95 | 3.11% | 4.3% | 0.45 | 12/10 |
| Territorial Bancorp Inc. (TBNK) | 12 | $25.09 | 3.67% | 5.3% | 0.23 | 11/24 |
| Winmark Corporation (WINA) | 6 | $232.82 | 0.77% | 32.7% | 0.45 | 12/01 |
| West Pharmaceutical Services, Inc. (WST) | 28 | $429.88 | 0.17% | 7.2% | 0.18 | 11/17 |
| West Bancorporation, Inc. (WTBA) | 11 | $31.70 | 3.03% | 6.6% | 0.24 | 11/24 |
| Wintrust Financial Corporation (WTFC) | 8 | $88.50 | 1.40% | 20.8% | 0.31 | 11/26 |
| Zions Bancorporation, National Association (ZION) | 9 | $62.99 | 2.41% | 40.0% | 0.38 | 11/18 |
| Ex-Div Date: 11/10 (Last Day to Buy: Tuesday, 11/09) | ||||||
| Atlantic Union Bankshares Corporation (AUB) | 11 | $35.87 | 3.12% | 6.9% | 0.28 | 11/26 |
| Bankwell Financial Group, Inc. (BWFG) | 6 | $29.70 | 2.42% | 24.6% | 0.18 | 11/22 |
| Community Healthcare Trust Incorporated (CHCT) | 6 | $47.84 | 3.64% | 2.5% | 0.435 | 11/26 |
| Duke Energy Corporation (DUK) | 17 | $102.01 | 3.86% | 3.1% | 0.985 | 12/16 |
| Eagle Bancorp Montana, Inc. (EBMT) | 10 | $22.50 | 2.22% | 6.0% | 0.125 | 12/03 |
| Eaton Corporation plc (ETN) | 12 | $164.76 | 1.85% | 5.9% | 0.76 | 11/30 |
| 1st Constitution Bancorp (FCCY) | 5 | $23.78 | 1.68% | 50.0% | 0.1 | 11/24 |
| Comfort Systems USA, Inc. (FIX) | 9 | $91.47 | 0.57% | 11.3% | 0.13 | 11/23 |
| The Greenbrier Companies, Inc. (GBX) | 7 | $41.02 | 2.63% | 5.9% | 0.27 | 12/02 |
| Corning Incorporated (GLW) | 11 | $35.57 | 2.70% | 12.4% | 0.24 | 12/17 |
| Honeywell International Inc. (HON) | 11 | $218.62 | 1.79% | 9.4% | 0.98 | 12/03 |
| Lithia Motors, Inc. (LAD) | 11 | $319.22 | 0.44% | 8.0% | 0.35 | 11/19 |
| Masco Corporation (MAS) | 8 | $65.55 | 0.72% | 14.6% | 0.235 | 11/29 |
| MSCI Inc. (MSCI) | 7 | $664.88 | 0.63% | 29.2% | 1.04 | 11/30 |
| Materion Corporation (MTRN) | 9 | $72.18 | 0.67% | 4.9% | 0.12 | 12/03 |
| Nexstar Media Group, Inc. (NXST) | 9 | $149.93 | 1.87% | 23.9% | 0.7 | 11/29 |
| Oil-Dri Corporation of America (ODC) | 18 | $34.82 | 3.10% | 4.3% | 0.27 | 11/26 |
| Premier Financial Corp. (PFC) | 10 | $31.88 | 3.51% | 18.2% | 0.28 | 11/19 |
| Parker-Hannifin Corporation (PH) | 65 | $296.59 | 1.39% | 8.7% | 1.03 | 12/03 |
| SB Financial Group, Inc. (SBFG) | 8 | $18.70 | 2.46% | 13.3% | 0.115 | 11/26 |
| Starbucks Corporation (SBUX) | 11 | $106.07 | 1.85% | 17.6% | 0.49 | 11/26 |
| The Charles Schwab Corporation (SCHW) | 6 | $82.03 | 0.88% | 22.6% | 0.18 | 11/26 |
| The J. M. Smucker Company (SJM) | 24 | $122.86 | 3.22% | 6.0% | 0.99 | 12/01 |
| SouthState Corporation (SSB) | 10 | $78.09 | 2.51% | 10.6% | 0.49 | 11/19 |
| Truist Financial Corporation (TFC) | 10 | $63.47 | 3.03% | 10.3% | 0.48 | 12/01 |
| Timberland Bancorp, Inc. (TSBK) | 9 | $27.75 | 3.03% | 21.0% | 0.21 | 11/26 |
| Visa Inc. (V) | 13 | $211.77 | 0.71% | 18.0% | 0.375 | 12/07 |
| WEC Energy Group, Inc. (WEC) | 18 | $90.06 | 3.01% | 6.5% | 0.678 | 12/01 |
| Essential Utilities, Inc. (WTRG) | 30 | $47.07 | 2.28% | 7.1% | 0.269 | 12/01 |
| Exxon Mobil Corporation (XOM) | 39 | $64.47 | 5.46% | 3.3% | 0.88 | 12/10 |
| Ex-Div Date: 11/12 (Last Day to Buy: Thursday, 11/11) | ||||||
| Arbor Realty Trust, Inc. (ABR) | 9 | $20.11 | 7.16% | 17.1% | 0.36 | 11/30 |
| AGCO Corporation (AGCO) | 9 | $122.21 | 0.65% | 7.2% | 0.2 | 12/15 |
| Applied Industrial Technologies, Inc. (AIT) | 12 | $97.48 | 1.35% | 3.4% | 0.33 | 11/30 |
| ALLETE, Inc. (ALE) | 11 | $61.54 | 4.09% | 4.0% | 0.63 | 12/01 |
| American States Water Company (AWR) | 67 | $90.84 | 1.61% | 8.9% | 0.365 | 12/01 |
| Church & Dwight Co., Inc. (CHD) | 25 | $87.36 | 1.16% | 7.4% | 0.253 | 12/01 |
| Cintas Corporation (CTAS) | 38 | $433.10 | 0.88% | 41.5% | 0.95 | 12/15 |
| FirstCash, Inc. (FCFS) | 6 | $88.47 | 1.36% | 24.9% | 0.3 | 11/30 |
| Greene County Bancorp, Inc. (GCBC) | 8 | $34.04 | 1.53% | 5.6% | 0.13 | 11/30 |
| The Gorman-Rupp Company (GRC) | 15 | $42.52 | 1.60% | 8.1% | 0.17 | 12/10 |
| Hilltop Holdings Inc. (HTH) | 5 | $35.44 | 1.35% | 0.0% | 0.12 | 11/30 |
| Heartland Financial USA, Inc. (HTLF) | 7 | $50.12 | 2.15% | 17.4% | 0.27 | 11/30 |
| Jefferies Financial Group Inc. (JEF) | 5 | $43.00 | 2.33% | 26.2% | 0.25 | 11/29 |
| The Kroger Co. (KR) | 15 | $40.02 | 2.10% | 11.5% | 0.21 | 12/01 |
| Eli Lilly and Company (LLY) | 8 | $254.76 | 1.33% | 10.1% | 0.85 | 12/10 |
| Oshkosh Corporation (OSK) | 8 | $107.00 | 1.38% | 11.7% | 0.37 | 11/29 |
| Rockwell Automation, Inc. (ROK) | 12 | $319.40 | 1.40% | 8.1% | 1.12 | 12/10 |
| Selective Insurance Group, Inc. (SIGI) | 8 | $78.37 | 1.43% | 10.8% | 0.28 | 12/01 |
| Southern Missouri Bancorp, Inc. (SMBC) | 10 | $54.40 | 1.47% | 12.6% | 0.2 | 11/30 |
| The Southern Company (SO) | 20 | $62.32 | 4.24% | 3.4% | 0.66 | 12/06 |
| Southwest Gas Holdings, Inc. (SWX) | 15 | $69.25 | 3.44% | 6.4% | 0.595 | 12/01 |
| Unitil Corporation (UTL) | 7 | $41.75 | 3.64% | 1.4% | 0.38 | 11/29 |
| Walgreens Boots Alliance, Inc. (WBA) | 46 | $47.02 | 4.06% | 5.3% | 0.478 | 12/10 |
| Ex-Div Date: 11/15 (Last Day to Buy: Friday, 11/12) | ||||||
| Amgen Inc. (AMGN) | 10 | $206.97 | 3.40% | 12.7% | 1.76 | 12/08 |
| Duke Realty Corporation (DRE) | 5 | $56.24 | 1.99% | 2.3% | 0.28 | 11/30 |
| Global Water Resources, Inc. (GWRS) | 5 | $18.92 | 1.54% | 22.4% | 0.025 | 11/30 |
| Lindsay Corporation (LNN) | 19 | $145.67 | 0.91% | 2.9% | 0.33 | 11/30 |
| Middlesex Water Company (MSEX) | 18 | $110.12 | 1.05% | 6.5% | 0.29 | 12/01 |
| MSC Industrial Direct Co., Inc. (MSM) | 19 | $84.07 | 3.57% | 11.8% | 0.75 | 11/30 |
| PACCAR Inc (PCAR) | 11 | $89.62 | 1.52% | 6.6% | 0.34 | 12/07 |
| Vulcan Materials Company (VMC) | 8 | $190.12 | 0.78% | 15.7% | 0.37 | 12/02 |
Previous Post: Upcoming Ex-Dividend Dates: October 26-November 8, 2021
High-Quality Candidates
DVK Quality Snapshots provides an elegant and effective way to assess the quality of dividend growth stocks. The system employs five quality indicators and assigns 0-5 points to each quality indicator for a maximum quality score of 25 points.
We assigned quality scores to all Dividend Radar stocks with upcoming ex-dates and screened those with quality scores of 23 or higher, producing a shortlist of the highest-quality candidates.
Below, we present the quality scores, an assessment of fair value (whether Above, At, or Below fair value), and two measures of each stock's recent performance (1-year and 3-year trailing total returns [TTR]). Key metrics from the previous table are repeated here for convenience:
Source: Created by the authors from data in Dividend Radar and using DVK Quality Snapshots.
Dividend Radar views fair value as a range. AMGN, INTC, and PFE are trading in the fair value range, while the other shortlist stocks are trading at a premium valuation above the fair value range.
For TTR, Dividend Radar provides 1-year and 3-year totals, adding the returns due to stock price appreciation (or depreciation) and dividend payments over each time frame. In the summary table, we highlight 3-year TTRs of 10% or higher in orange, and each 1-year TRRs that exceeds the 3-year TTR, in green (indicating stronger recent performance).
Four of this week's stocks have 3-year TTRs of at least 10%, AAPL, HON, LLY, and V. As for stronger recent performances, HON, LLY, and PFE have higher 1-year TTRs than 3-year TTRs.
We also color-code the Yield and 5-yr DGR columns, preferring dividend yields above 2.5% and 5-year dividend growth rates of 10% or higher.
Three of the shortlist stocks offer a yield above 2.5% (AMGN, INTC, and PFE), and three stocks have 5-year dividend growth rates above 10% (AMGN, LLY, and V).
An Interesting Candidate
Ideally, we'd like to see green cells in each of the Fair Value, 1-yr TTR, Yield, and 5-yr DGR columns. That rarely happens, though, so we look for a candidate that offers the best metrics overall, at least based on our current investment objectives.
We've highlighted all of these stocks this year, so let's revisit Dividend Contender PFE.
Headquartered in New York and founded in 1849, PFE is one of the world's largest pharmaceutical firms. The company discovers, develops, and manufactures healthcare products. PFE offers medicines and vaccines in various therapeutic areas, serving wholesalers, retailers, hospitals, clinics, government agencies, pharmacies, and individual provider offices, as well as disease control and prevention centers.
PFE is rated Excellent (quality score 23-24):
The stock yields 3.57% at $43.74 per share and has a modest 5-year DGR of 5.6%.
Over the past ten years, PFE has underperformed the SPDR S&P 500 ETF (SPY), an ETF designed to track the 500 companies in the S&P 500 index:
Source: Portfolio-Insight.com
PFE delivered total returns of 226% versus SPY's 357%, a margin of 0.63-to-1.
If we extend the time frame of comparison to the past 20 years, PFE's underperformance is a margin of 0.21-to-1. PFE's total returns over this period were only 111% versus SPY's 521%.
Here is a chart showing PFE's dividend growth history through the end of 2020:
PFE's dividend growth history is a model of consistency, though the dividend growth is modest at best.
Here is a chart of PFE's earnings growth history:
I'm not so impressed by PFE's earnings growth history, including several "down" years over the past decade.
Fortunately, the company's payout ratio of 49% is "low for most companies," according to Simply Safe Dividends:
Source: Simply Safe Dividends
This means PFE has ample room to continue with dividend increases, at least for the next few years.
Let's now look at PFE's valuation. A quick way to estimate fair value is to divide the annualized dividend ($1.56) by the stock's 5-year average yield (3.78%). That results in a fair value [FV] estimate of $41 based on PFE's dividend yield history.
For reference, CFRA's FV is $41, Finbox.com's FV is $61, and Simply Wall St's FV is $92. That's quite a range!
My own FV estimate of PFE is $51.
The average of the five fair value estimates is $57. Given the stock's current share price of $43.74, it would appear that PFE is trading at a discount of about 23%.
Here are the most recent Seeking Alpha articles covering PFE:
- Bullish: COVID Vaccine Is Not A Non-Event For Pfizer by Keith Williams
- Very Bullish: Pfizer Is An Asymmetric Growth Opportunity, by Brian Kapp, CFA
- Bullish: Is Pfizer Stock A Buy Or Sell After Booster Shot Authorization?, by JR Research
Conclusion: PFE is a high-quality dividend growth stock trading at a discount valuation. For stocks rated Excellent, I'm willing to pay a premium of up to 5% to my fair value estimate, which would put my Buy Below price at $53 per share. For conservative investors, look to buy below $46 per share.
Please note that we're not recommending PFE or any of the stocks listed in this article. Readers should do their research on these companies before buying shares.
