Dividend Champions Analysis: Add Lincoln Electric To Your Watch List

In this article I present an analysis of a modified list of the Dividend Champions. I analyze all stocks in the list except the Dividend Kings. I track the Kings separately due to their long-term success in growing dividends. You can read my recent analysis update on the Dividend Kings. The top five stocks in my ranking model in order are A.O. Smith (AOS), T. Rowe Price Group (TROW), Walgreens Boots Alliance Inc (WBA), Ross Stores Inc (ROST), and BancFirst Corp. OK (BANF). Of these five stocks I continue to like, T. Rowe Price the best. But the stock is not as good a deal as a couple of months ago due to price appreciation that is paralleling market gains. Walgreens Boots has been in the news recently due to the possibility of a buyout from KKR & Co Inc (KKR) taking the company private. The stock price has gained in response and the yield is now down to about 3%. But with that said Walgreens Boots is still trading well-below its all-time high. There are two additions to the Dividend Champions List: Lincoln Electric Holdings (LECO) and micro-cap Northeast Indiana Bancorp (OTCQB:NIDB). I provide a summary analysis of Lincoln Electric, which ranks high in my model.

Please read the complete article at my profile on Seeking Alpha.

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