The High 10 Graham Quantity Dividend Champions

Revealed on Would possibly eighth, 2025 by Bob Ciura
Spreadsheet information updated every day

Benjamin Graham is extensively considered to be the “founding father of price investing”.

In precise reality, numerous the best price consumers over time, harking back to Warren Buffett, used Graham’s teachings to spend cash on price shares.

Graham popularized the time interval intrinsic price, which refers to a stock’s underlying truthful price. On this way, consumers can determine whether or not or not a stock is undervalued, fairly valued, or overvalued.

Considered one of many core concepts of Graham’s funding philosophy is the Graham Amount.

Merchants can apply the Graham Amount to look out undervalued dividend progress shares, such as a result of the Dividend Champions.

Chances are you’ll receive your free copy of the Dividend Champions itemizing, along with associated financial metrics like price-to-earnings ratios, dividend yields, and payout ratios, by clicking on the hyperlink beneath:

The Dividend Champions itemizing incorporates various mega-cap shares which have monumental corporations, harking back to Walmart Inc. (WMT) and Coca-Cola (KO).

However it moreover incorporates smaller dividend progress corporations that don’t qualify as Dividend Aristocrats.

The subsequent itemizing represents the ten Dividend Champions inside the Sure Analysis Evaluation Database with the underside Graham Amount.

Desk of Contents

Graham Amount Overview

There are a selection of iterations of The Graham Amount, counting on the form of stock being analyzed. For slow-growth price shares, the system multiples the price-to-book ratio (P/B) by the price-to-earnings ratio (P/E).

For an analysis of the best 10 Dividend Kings using this technique, click on on proper right here.

Then once more, progress shares that pay dividends might be analyzed by the following Graham system:

EPS x (8.5 + 2 x g)

On this case, ‘g’ refers again to the stock’s long-term dividend progress worth. We use the 5-year estimated dividend progress worth.

Merchants must cope with shares with a low Graham amount (the lower, the upper).

The ten most undervalued Dividend Champions, in accordance with the Graham amount, are listed beneath. The shares are listed in accordance with their Graham numbers, in ascending order.

Excessive Graham Amount Dividend Champion: Kenvue Inc. (KVUE)

Kenvue has three segments, along with Self Care, Pores and pores and skin Effectively being and Magnificence, and Vital Effectively being. Self Care’s product portfolio incorporates cough, chilly, allergy, smoking cessation, and ache care merchandise amongst others.

Pores and pores and skin Effectively being and Magnificence holds merchandise harking back to face, physique, hair, and photo voltaic care. Vital Effectively being contains merchandise for women’s properly being, wound care, oral care, and baby care.

Successfully-known producers in Kenvue’s product line up embrace Tylenol, Listerine, Band-Help, Neutrogena, Nicorette, and Zyrtec.

On February sixth, 2025, Kenvue launched fourth quarter and full-year earnings outcomes For the quarter, revenue declined 0.1% to $3.66 billion, which was $109 million decrease than anticipated.

Provide: Investor Presentation

Adjusted earnings-per-share of $0.26 in distinction unfavorably to $0.31 remaining 12 months and was in-line with estimates.

For the 12 months, revenue improved 0.1% to $15.5 billion whereas adjusted earnings-per-share of $1.14 compared with $1.29 in 2023.

Pure product sales improved 1.7% for the quarter and 1.5% for the 12 months. For the quarter, pricing and mix added 1% whereas amount grew 0.7%.

Pores and pores and skin Effectively being and Magnificence and Self Care have been constructive for the interval, nevertheless have been offset by weaker outcomes for Vital Effectively being. Gross income margin expanded 80 basis elements to 56.5%.

Click on on proper right here to acquire our most modern Sure Analysis report on KVUE (preview of internet web page 1 of three confirmed beneath):

Excessive Graham Amount Dividend Champion: Tootsie Roll Industries (TR)

Tootsie Roll Industries, Inc. traces its roots to the late 1890’s when its namesake product, the Tootsie Roll, was first created. Proper now, the company sells a higher number of candy and gum merchandise.

Totally different well-known producers embrace DOTS, Junior Mints, Andes, Charms, Blow-Pops, Sugar Daddy, and Dubble Bubble.

Tootsie Roll has a twin class share development with the Chairwoman and CEO, Ellen R. Gordon proudly proudly owning roughly 57.1% of widespread stock and 82.8% of Class B shares, efficiently giving her administration of the company. Entire revenue in 2024 was about $715.5M.

Tootsie Roll reported This fall 2024 outcomes on February twelfth, 2025. Internet product sales have been down 2% to $191.4M for the quarter versus $195.4M inside the prior 12 months. Within the an identical interval, internet earnings fell to $22.5M compared with $29.4M.

Diluted EPS decreased 22% to $0.32 per share from $0.41 on a year-over-year basis on charges and reduce product sales volumes.

Click on on proper right here to acquire our most modern Sure Analysis report on TR (preview of internet web page 1 of three confirmed beneath):

Excessive Graham Amount Dividend Champion: Andover Bancorp (ANDC)

Andover Bancorp is a financial holding agency that operates by the use of its wholly-owned subsidiary, Andover Monetary establishment. Primarily based in 1884, Andover Monetary establishment has a protracted historic previous of providing community-focused financial corporations in northeastern Ohio and western Pennsylvania areas.

The company operates by the use of 10 branches and a mortgage manufacturing office, serving every explicit individual and industrial prospects.

Its financial corporations embrace standard merchandise like deposit accounts, mortgage corporations, and mortgage lending along with additional corporations harking back to debit card processing, funding corporations, and bank-owned life insurance coverage protection insurance coverage insurance policies.

In 2024, Andover Monetary establishment reported entire property of $565.6 million and entire deposits of about $533.2 million.

On April ninth, 2025, Andover Bancorp launched its annual outcomes for the interval ending December thirty first, 2024. For the 12 months, internet earnings totaled $3.16 million, or $1.53 per share, down from $3.78 million or $1.80 per share in 2023.

Internet curiosity earnings remained comparatively flat at $14.4 million, no matter an increase in curiosity earnings to $20.4 million, up from $18.1 million the prior 12 months.

The rise in earnings was offset by a substantial rise in curiosity expense on deposits, which surged to $5.5 million, up 81.8% year-over-year.

Click on on proper right here to acquire our most modern Sure Analysis report on ANDC (preview of internet web page 1 of three confirmed beneath):

Excessive Graham Amount Dividend Champion: York Water Co. (YORW)

The York Water Agency is a specific one inside the enterprise because it’s the oldest investor-owned water utility within the USA, having functioned continuously since 1816.

York Water has a novel file of over 200 years of uninterrupted dividend funds to shareholders.

It operates absolutely inside its franchised territory, which covers 57 municipalities inside York, Adams, and Franklin Counties, Pennsylvania, with an estimated inhabitants of 212,000.

The York Water sees a median every day consumption of twenty-two.4 million gallons, producing spherical $71 million in annual revenues.

On March 4th, 2025, The York Water Agency reported its This fall and full-year outcomes. Quarterly revenues have been $18.9 million, up 4.3% year-over-year, pushed by the distribution system enchancment price (DSIC), which allows York Water in order so as to add a value to prospects’ water funds for qualifying infrastructure substitute costs with out submitting for a worth change.

Revenues moreover benefited from purchaser progress, with the everyday number of water prospects rising by 999, from 71,416 to 72,415 by means of the 12 months, and wastewater prospects rising by 522, from 5,999 to 6,521, primarily as a consequence of acquisitions.

Click on on proper right here to acquire our most modern Sure Analysis report on YORW (preview of internet web page 1 of three confirmed beneath):

Excessive Graham Amount Dividend Champion: Jap Bankshares (EBC)

Jap Bankshares Inc. offers industrial banking companies and merchandise primarily to retail, industrial and small enterprise prospects. It offers banking, perception, and funding corporations, along with insurance coverage protection corporations, by the use of its full service monetary establishment branches and insurance coverage protection locations of labor.

As of March 31, 2025, Jap Bankshares had entire consolidated property of $25.0 billion, entire gross loans of $18.2 billion, and entire deposits of $20.8 billion. The company was primarily based in 1818 and has 1,744 employees.

On April twenty fourth, 2025, Jap Bankshares launched its first-quarter 2025 outcomes for the interval ending March thirty first, 2025. For the quarter, the company reported an online lack of $217.7 million, which contrasts sharply with internet earnings of $60.8 million inside the fourth quarter of 2024.

Reported earnings per diluted share for the same durations have been $(1.08) and $0.30, respectively, marking a significant decline. No matter this GAAP loss, working internet earnings remained safe at $67.5 million.

Internet curiosity earnings, sooner than the provision for credit score rating losses, elevated by $9.7 million, or 5%, to $188.9 million for the first quarter, compared with $179.2 million for the fourth quarter of 2024.

Click on on proper right here to acquire our most modern Sure Analysis report on EBC (preview of internet web page 1 of three confirmed beneath):

Excessive Graham Amount Dividend Champion: Hormel Meals (HRL)

Hormel Meals was primarily based once more in 1891 in Minnesota. Since that time, the company has grown proper right into a juggernaut inside the meals merchandise enterprise with virtually $10 billion in annual revenue.

Hormel has saved with its core competency as a processor of meat merchandise for successfully over 100 years, nevertheless has moreover grown into completely different enterprise strains by the use of acquisitions.

Hormel has an enormous portfolio of category-leading producers. Simply a few of its prime producers embrace embrace Skippy, SPAM, Applegate, Justin’s, and higher than 30 others.

The company has elevated its dividend for 59 consecutive years.

Provide: Investor Presentation

Hormel posted first quarter earnings on February twenty seventh, 2025, and outcomes have been significantly weak. The company observed adjusted earnings-per-share of 35 cents, which was three cents mild of estimates.

Earnings was down fractionally year-over-year to $2.99 billion, nevertheless did beat estimates by $40 million. Pure internet product sales rose 1%.

The company well-known present chain disruptions all through the Planters division, along with low demand for turkey. Hormel observed elevated demand for SPAM and its Black Label bacon mannequin.

Click on on proper right here to acquire our most modern Sure Analysis report on HRL (preview of internet web page 1 of three confirmed beneath):

Excessive Graham Amount Dividend Champion: Canadian Utilities (CDUAF)

Canadian Utilities is a utility agency with roughly 5,000 employees. ATCO owns 53% of Canadian Utilities. Based in Alberta, Canadian Utilities is a diversified worldwide vitality infrastructure firm delivering choices in Electrical power, Pipelines & Liquid, and Retail Vitality.

The company has a protracted historic previous of manufacturing common progress and fixed revenue by the use of the monetary cycle.

Provide: Investor Presentation

On February twenty seventh, 2025, Canadian Utilities posted its This fall and full-year outcomes for the interval ending December thirty first, 2024.

For the quarter, adjusted earnings amounted to $142 million USD ($0.52 per share), up $8 million USD ($0.02 per-share) year-over-year.

The rise in adjusted earnings was primarily pushed by progress inside the worth base and a greater return on equity (ROE) in ATCO Vitality Strategies’ regulated utilities.

This was partially offset by restructuring costs recorded inside the quarter. GAAP EPS for 2024 was $1.03 in USD.

Click on on proper right here to acquire our most modern Sure Analysis report on CDUAF (preview of internet web page 1 of three confirmed beneath):

Excessive Graham Amount Dividend Champion: Matthews Worldwide (MATW)

Matthews Worldwide Firm offers mannequin choices, memorialization merchandise and industrial utilized sciences on a world scale. The company’s three enterprise segments are diversified.

The SGK Mannequin Choices offers mannequin development corporations, printing instruments, creative design corporations, and embossing devices to the consumer-packaged gadgets and packaging industries.

The Memorialization section sells memorialization merchandise, caskets, and cremation instruments to funeral home industries.

The Industrial utilized sciences section is smaller than the alternative two corporations and designs, manufactures and distributes marking, coding and industrial automation utilized sciences and choices.

Matthews Worldwide reported first quarter FY 2025 outcomes on February sixth, 2025. The company reported product sales of $402 million, an 11% decline compared with the an identical prior 12 months interval. The decrease was the outcomes of a 28% product sales decline in its Industrial Utilized sciences section.

Adjusted earnings have been $0.14 per share, a 62% decrease from $0.37 a 12 months prior to now. The company’s internet debt leverage ratio rose from 3.6 one 12 months prior to now to a few.9.

Matthews continues to depend on $205 million to $215 million of adjusted EBITDA for fiscal 2025.

The dividend payout ratio for Matthews Worldwide has been very conservative and solely simply these days eclipsed one third of earnings. This conservative payout ratio permits Matthews to proceed elevating the dividend as a result of it has for the ultimate 31 years.

The company has a small aggressive profit in that it’s uniquely diversified all through its corporations, which allows it to local weather fully completely different storms on a consolidated basis.

Click on on proper right here to acquire our most modern Sure Analysis report on MATW (preview of internet web page 1 of three confirmed beneath):

Excessive Graham Amount Dividend Champion: Brown-Forman (BF.B)

Brown-Forman is an alcoholic beverage agency that’s based in Louisville. The company was primarily based in 1870. Brown-Forman produces and sells whiskey, vodka, tequila, champagne, and wine.

Its portfolio includes a fluctuate of largely premium producers, harking back to Jack Daniel’s, Finlandia Vodka, Earlier Forester, and many others.

Brown-Forman reported revenues of $1.04 billion for its third quarter (fiscal 2025) earnings outcomes. The company’s revenues have been down by 3% compared with the sooner 12 months’s quarter. Revenues obtained right here in beneath the analyst consensus, not like by means of the sooner quarter.

Provide: Investor Presentation

The sequential progress worth was moreover damaging, whereas the year-over-year effectivity weakened as successfully, relative to the sooner quarter. In fastened currencies, Brown-Forman expert a revenue enhance of 6%, nevertheless a strengthening US Buck was a big headwind for the company.

Brown-Forman’s earnings-per-share weakened compared with the sooner 12 months’s quarter, primarily as a consequence of lower revenues. The company observed its working income pull once more by means of the interval, with margins declining as a consequence of working leverage headwinds attributable to lower revenues.

Earnings-per-share have been down by 5% year-over-year, hitting $0.57, beating the consensus estimate by $0.11 as analysts have been predicting a loads higher earnings decline.

Click on on proper right here to acquire our most modern Sure Analysis report on BF.B (preview of internet web page 1 of three confirmed beneath):

Excessive Graham Amount Dividend Champion: Northeast Indiana Bancorp (NIDB)

Northeast Indiana Bancorp, Inc. is a monetary establishment holding agency for First Federal Monetary financial savings Monetary establishment based in Indiana. The monetary establishment offers various financial corporations, along with monetary financial savings, checking, retirement and properly being monetary financial savings accounts along with certificates of deposits and direct deposits.

Prospects even have entry to debt and financial institution playing cards, protected deposit bins and on-line banking corporations. Northeast Indiana Bancorp’s mortgage portfolio consists of mortgage, new growth, home equity, auto and leisure car loans. The monetary establishment was primarily based in 1995 and operates 8 full-service branches.

On April twenty second, 2025, Northeast Indiana Bancorp reported first quarter outcomes for the interval ending March thirty first, 2025. For the quarter, internet earnings totaled $1.06 million, or $0.44 per share, compared with internet earnings of $722K, or $0.30 per share, inside the prior 12 months.

On an annualized basis, entire loans improved 23.7% to $413.7 million for the quarter whereas entire deposits grew 12.2% to $442.1 million. Northeast Indiana Bancorp’s provisions for mortgage losses totaled $620K, up from $500K inside the prior 12 months and $424K inside the earlier quarter.

Click on on proper right here to acquire our most modern Sure Analysis report on NIDB (preview of internet web page 1 of three confirmed beneath):

Additional Finding out

Screening to look out the best Dividend Champions isn’t the one approach to find high-quality dividend progress stock ideas.

Sure Dividend maintains associated databases on the following useful universes of shares: