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11 Dividend Growth Stocks Flying Under the Radar (For Now)

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Stocks that generate consistently rising dividends bolster retirement accounts by providing income that keeps pace with inflation. A group of high-quality dividend stocks known as Dividend Aristocrats have delivered on the promise of reliable income growth for quite some time.

The most commonly known group of Aristocrats are the S&P 500 Dividend Aristocrats – Standard & Poor’s 500-stock index components that have produced at least 25 consecutive years of annual distribution increases.

Dividend Aristocrats offer other benefits, too. Dividend Aristocrats often boast steady financial performance, making them less risky than other equities. The S&P 500 Dividend Aristocrats also have outperformed the S&P 500 over time – by almost 2 percentage points annually on average over the past decade. Much of that outperformance comes during market downturns, making them great stocks for riding out periods of turbulence.

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This reliability comes at a cost. Many Dividend Aristocrats have become overcrowded, trading at premium prices and depressed yields. But investors have another way to capture steadily rising dividends at a more affordable price: Identify companies that are close to joining the Aristocracy – they still boast decades of dividend growth, but haven’t grabbed Wall Street’s attention quite yet.

Here are 11 high-quality dividend stocks that aren’t quite yet S&P 500 Dividend Aristocrats – but could be given a little more time. Some of these are S&P 500 companies that are within a few years of the 25-year benchmark. Others are smaller stocks that are near, at or even past the 25-year mark, but must ascend to the ranks of the S&P 500 to qualify.

SEE ALSO: 57 Dividend Stocks You Can Count On in 2019

Data is as of April 4. Dividend yields are calculated by annualizing the most recent quarterly payout and dividing by the share price.

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