Five Possible Off-the-Radar Dividend Growth Stocks

Stocks from the Russell 3000 index, with market cap > $500mm
Dividend Yield > 2.5% (S&P 500 = 2.1%)
Payout Ratio < 50% (conservative because earnings reduction won’t lead to dividend shortfall)
5-year Dividend Growth > 6% (Looking for growing dividends – S&P 500 is down over past 5 years)
Dividend Increases Last 5 Years = 5 (Looking for increase each year)
5-year EPS Growth > 0% (Good test of ability to “weather the storm”
2012 Projected EPS Growth > 0% (No near-term risk to dividend growth)
Net Debt to Capital < 20% (Strong balance sheet)