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MarketWatch's Top 23 Quality Dividend Stocks

The list includes Exxon Mobil, Philip Morris, Kellogg, Bristol Myers Squibb, 3M, Chevron, AbbVie, Gilead and Kinder Morgan.
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MarketWatch has chosen a basket of 23 top quality dividend stocks among the S&P 500 that includes Exxon Mobil  (XOM) - Get Exxon Mobil Corporation Report, Philip Morris  (PM) - Get Philip Morris International Inc. Report, Kellogg  (K) - Get Kellogg Company Report and Bristol Myers Squibb  (BMY) - Get Bristol-Myers Squibb Company Report.

The filters MarketWatch used to select the stocks were inspired by Lewis Altfest, CEO of Altfest Personal Wealth Management.

To filter the stocks, MarketWatch started with a beta of 1 or less compared to the movement of the S&P 500 index over the past year. This means a stock’s price was less volatile than the index over that period. That narrowed the pool to 275 companies.

Then the stocks were winnowed to those with a dividend of at least 3%, bringing the pool down to 57 companies.

Then MarketWatch selected the companies with revenue increases of at least 5% during the past year, pushing the total down to 32.

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The next qualification: sales-per-share increases of at least 5% over the last year, leaving 24 companies. That filter takes into account share dilution that might have taken place over the past 12 months.

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The final differentiator: companies that increased their regular dividends over the last year. That produced the final total of 23 companies.

In addition to those cited above, MarketWatch chose Kinder Morgan  (KMI) - Get Kinder Morgan Inc Class P Report, Williams Cos.  (WMB) - Get Williams Companies, Inc. Report, Pinnacle West Capital  (PNW) - Get Pinnacle West Capital Corporation Report, Chevron  (CVX) - Get Chevron Corporation Report, AbbVie  (ABBV) - Get AbbVie, Inc. Report, Edison International  (EIX) - Get Edison International Report, Amcor  (AMCR ADR) , Gilead Sciences  (GILD) - Get Gilead Sciences, Inc. Report,

Southern  (SO) - Get Southern Company Report, Entergy  (ETR) - Get Entergy Corporation Report, Newmont,  (NEM) - Get Newmont Corporation Report, American Electric Power  (AEP) - Get American Electric Power Company, Inc. Report, Evergy  (EVRG) - Get Evergy, Inc. Report, Sempra Energy  (SRE) - Get Sempra Energy Report, 3M  (MMM) - Get 3M Company Report, Federal Realty Investment Trust  (FRT) - Get Federal Realty Investment Trust Report, Public Service Enterprise Group  (PEG) - Get Public Service Enterprise Group Inc Report WEC Energy Group  (WEC) - Get WEC Energy Group Inc Report and NRG Energy  (NRG) - Get NRG Energy, Inc. Report.