7 Dividend Growth Stocks On Sale

T. Rowe Price Group Inc (NASDAQ:TROW) is a publicly owned investment manager that launches and manages equity and fixed income mutual funds. The company has managed to increase dividends for 30 years in a row. Over the past decade, T. Rowe Price Group Inc (NASDAQ:TROW) has managed to boost its dividend at a rate of 14.50%/year. Earnings per share rose from $2.40 to $4.75 over the past decade. T. Rowe Price Group Inc (NASDAQ:TROW) is expected to earn $4.78/share over the next year. Currently, the stock is attractively valued at 14.20 times forward earnings and yields 3.20%. Check my analysis of T. Rowe Price for more information.

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Johnson & Johnson (NYSE:JNJ), together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates through three segments: Consumer, Pharmaceutical, and Medical Devices. This dividend king has managed to increase dividends for 54 years in a row. Over the past decade, Johnson & Johnson (NYSE:JNJ) has managed to boost its dividend at a rate of 8%/year. Earnings per share rose from $3.63 to $5.93 over the past decade. Johnson & Johnson (NYSE:JNJ) is expected to earn $7.04/share over the next year. Currently, the stock is attractively valued at 16.20 times forward earnings and yields 2.80%. Check my analysis of Johnson & Johnson (3) for more information.

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General Dynamics Corporation (NYSE:GD) operates as an aerospace and defense company worldwide. It operates through four business groups: Aerospace; Combat Systems; Information Systems and Technology; and Marine Systems. The company has managed to increase dividends for 25 years in a row. Over the past decade, General Dynamics has managed to boost its dividend at a rate of 12.80%/year. Earnings per share rose from $4.20 to $9.08 over the past decade. The company is expected to earn $9.78/share over the next year. Currently, the stock is attractively valued at 18.70 times forward earnings and yields 1.70%.

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Chesapeake Financial Shares Inc (OTCMKTS:CPKF) operates as the bank holding company for Chesapeake Bank that provides various banking products and services for corporate and individual clients in Virginia, the United States. The company has managed to increase dividends for 25 years in a row. Over the past decade, Chesapeake Financial Shares Inc (OTCMKTS:CPKF) has managed to boost its dividend at a rate of 8.20%/year. Earnings per share rose from $0.93 to $1.71 over the past decade. Currently, the stock is attractively valued at 12.50 times earnings and yields 2.30%.

Full Disclosure: Long VFC, TGT, AFL, TROW, JNJ, GD.

Additional Links:

(1) http://www.dividendgrowthinvestor.com/2015/06/the-most-important-metric-for-dividend.html

(2) http://www.dividendgrowthinvestor.com/2016/05/target-attractively-valued-dividend.html

(3) http://www.dividendgrowthinvestor.com/2016/06/johnson-johnson-my-favorite-dividend.html