Revealed on June eighth, 2026 by Bob Ciura
Benjamin Graham is broadly thought-about to be the daddy of worth investing.
He graduated 2nd in his class from the College of Columbia on the age of 20. He was supplied instructing jobs in English, philosophy, and arithmetic instantly after graduating.
Graham declined the affords and constructed some of the profitable and well-known investing careers of all time.
Graham was each a profitable investor and a very good instructor of investing concepts. One in all his extra vital quotes is beneath:
Within the quick run, the market is a voting machine, however in the long term, it’s a weighing balance.
Graham’s above quote explains the sharp distinction between notion and actuality in a single eloquent sentence.
Within the quick run, notion issues.
Inventory costs are guided by notion on a day by day, month-to-month, and even yearly timeframe.
However in the long term, efficiency issues.
Over durations of a number of years what drives inventory costs is the underlying efficiency of the enterprise (on a per share foundation).
While you put money into companies with lengthy histories of rising dividends you might be investing in companies which might be actually being profitable, and actually rewarding shareholders with that cash.
The Dividend Champions are a gaggle of high quality dividend shares which have raised their dividends for at the very least 25 consecutive years.
You may obtain your free copy of the Dividend Champions checklist, together with related monetary metrics like price-to-earnings ratios, dividend yields, and payout ratios, by clicking on the hyperlink beneath:
The mixture of low valuations and rising dividends may produce robust returns.
With that in thoughts, this text will rank 10 Benjamin Graham shares which might be probably the most undervalued shares within the Certain Evaluation Analysis Database, with over 25 consecutive years of dividend will increase.
Desk of Contents
You may skip to evaluation of any particular person Dividend Champion beneath:
Benjamin Graham Inventory #10: Novo Nordisk (NVO)
- Annual Return From Valuation A number of Growth: 7.7%
Novo Nordisk A/S ADR is a big world pharmaceutical firm headquartered in Denmark. The corporate focuses on two core enterprise segments: Diabetes & Weight problems Care and Uncommon Ailments.
The Diabetes & Weight problems Care section manufactures insulin, associated supply programs, oral anti-diabetic merchandise, and merchandise to deal with weight problems.
The Uncommon Ailments section manufactures merchandise for hemophilia and different persistent illnesses. Novo Nordisk derives ~92% of income from diabetes and weight problems.
The corporate’s merchandise are marketed in 170 international locations however roughly 48% of internet gross sales are from North America and the remaining is worldwide gross sales.1 Complete income was almost $49.11B in 2025.
Novo Nordisk reported This autumn 2025 outcomes on February third, 2026. Firm-wide gross sales have been up 6% in Danish kroner and diluted earnings per share rose 2% to 23.03 DKK ($3.66) from 22.63 DKK ($3.60) on a year-over-year foundation.
Diabetes & Weight problems gross sales elevated 7% to 289,456M DKK ($45,993M) pushed by will increase in Ozempic and Wegovy (weight problems), offset by decrease gross sales for Rybelsus (GLP-1), human insulin, long-acting insulin, fast-acting insulin, Saxenda (weight problems), Victoza (GLP-1), and premix insulin.
The Uncommon Illness section gross sales rose 5% to 19,608M DKK ($3,116M) brought on by rising uncommon issues medication, offset by decrease uncommon blood dysfunction medication.
Click on right here to obtain our most up-to-date Certain Evaluation report on NVO (preview of web page 1 of three proven beneath):
Benjamin Graham Inventory #9: Andersons Inc. (ANDE)
- Annual Return From Valuation A number of Growth: 8.0%
The Andersons is an agriculture firm that conducts enterprise in North America. It operates by the next segments: Agribusiness section (which incorporates former Commerce operations) and Renewables.
The Commerce section consists of commodity merchandising and the operation of terminal grain elevator services. The Agribusiness section contributed roughly 75% of income in 2025.
The Renewables section produces, purchases, and sells ethanol and co-products. The Nutrient & Industrial section manufactures, and distributes agricultural inputs, major vitamins, and specialty fertilizers, to sellers and farmers, together with turf care and corncob-based merchandise.
On Might fifth, 2026, the corporate reported its first quarter outcomes for the interval ending March thirty first, 2026. Income was $2.63 billion, in comparison with $2.66 billion in Q1 2025, reflecting report first quarter efficiency pushed by excellent Renewables outcomes and year-over-year enchancment in Agribusiness.
Internet earnings attributable to Andersons was $33.2 million, or $0.97 per diluted share, in comparison with $0.3 million, or $0.01 per diluted share, within the prior yr.
Adjusted internet earnings was $38.2 million, or $1.12 per diluted share, up from $4.1 million and $0.12, respectively. The Renewables section delivered robust operational efficiency, posting pretax earnings of $39.6 million, in comparison with $24.9 million pretax earnings and $15.3 million attributable to Andersons, respectively, in Q1 2025.
Click on right here to obtain our most up-to-date Certain Evaluation report on ANDE (preview of web page 1 of three proven beneath):
Benjamin Graham Inventory #8: Thomson-Reuters (TRI)
- Annual Return From Valuation A number of Growth: 9.2%
Thomson Reuters Company is a world monetary info and information options supplier for companies and professionals within the fields of finance, accounting, tax, and media.
In February 2026, Thomson Reuters introduced a ten% enhance to the dividend to $2.62 per share, which marked the thirty third consecutive annual dividend enhance.
Thomson Reuters reported first quarter 2026 outcomes on Might fifth, 2026. For the quarter, whole firm income grew 10% year-over-year to $2.09 billion, of which the bulk (77%) was recurring income.
Thomson Reuters produced adjusted EPS of $1.23 per share in comparison with adjusted EPS of $1.12 in Q1 2025.
For 2026, Thomson Reuters nonetheless forecasts whole income progress of seven.5% to eight.0%, adjusted EBITDA margin progress of 100 foundation factors, and free money stream of $2.1 billion.
Click on right here to obtain our most up-to-date Certain Evaluation report on TRI (preview of web page 1 of three proven beneath):
Benjamin Graham Inventory #7: Amcor plc (AMCR)
- Annual Return From Valuation A number of Growth: 9.6%
Amcor plc is likely one of the world’s most outstanding designers and producers of packaging for meals, pharmaceutical, medical, and different shopper merchandise.
Amcor reported its second quarter outcomes for Fiscal 12 months 2026 on February third, 2026. The corporate reported robust fiscal Q2 2026 outcomes, with internet gross sales of $5.45 billion, up 68% year-over-year, largely pushed by the Berry World acquisition.
Adjusted profitability improved considerably, with adjusted EBITDA rising 83% to $826 million and adjusted EBIT growing 66% to $603 million, whereas adjusted EPS grew 7% to $0.86.
GAAP internet earnings was $177 million ($0.38 per share) because of acquisition-related prices, and free money stream totaled $289 million after roughly $69 million in integration and restructuring bills.
For the primary half of fiscal 2026, internet gross sales reached $11.19 billion, up 70% year-over-year, reflecting $4.5 billion of acquired gross sales from the Berry mixture.
Amcor reaffirmed its fiscal 2026 steering, anticipating adjusted EPS of $4.00–$4.15, representing 12–17% fixed foreign money progress in contrast with fiscal 2025.
The corporate additionally expects free money stream of $1.8–$1.9 billion, supported by at the very least $260 million in pre-tax synergy advantages from the Berry acquisition.
Click on right here to obtain our most up-to-date Certain Evaluation report on AMCR (preview of web page 1 of three proven beneath):
Benjamin Graham Inventory #6: Becton, Dickinson & Co. (BDX)
- Annual Return From Valuation A number of Growth: 9.7%
Becton, Dickinson & Co. is a world chief within the medical provide trade. The corporate was based in 1897 and has 75,000 staff throughout 190 international locations.
The corporate generates about $20 billion in annual income, with roughly 43% of revenues coming from outdoors of the U.S.
On November sixth, 2025, BD elevated its quarterly dividend 1.0% to $1.05, extending the corporate’s dividend progress streak to 54 consecutive years.
On Might seventh, 2026, BDX additionally reported second quarter of fiscal yr 2026, which ended March thirty first, 2026. For the quarter, income grew 5.2% to $4.7 billion, which beat estimates by $30 million.
Adjusted earnings-per-share of $2.90 in contrast unfavorably to $3.36 within the prior yr, however this was $0.13 higher than anticipated.
Click on right here to obtain our most up-to-date Certain Evaluation report on BDX (preview of web page 1 of three proven beneath):
Benjamin Graham Inventory #5: Royal Gold (RGLD)
- Annual Return From Valuation A number of Growth: 9.8%
Royal Gold Inc. is a valuable metals royalty and streaming firm that owns pursuits in among the world’s most fascinating mines.
The company’s major focus is buying and managing valuable steel stream and royalty pursuits.
This enterprise mannequin gives publicity to greater steel costs and future product enlargement whereas limiting draw back by having restricted publicity to working and capital price dangers.
The vast majority of its income is generated in Canada, Mexico, Chile, and the USA.
On Might 4th, 2026, a $500 million share repurchase program was authorised, good for two.6% of its excellent inventory.
On Might sixth, 2026, Royal Gold reported outcomes for the primary quarter of 2026. RGLD reported adjusted internet earnings of $2.72 per diluted share in comparison with $1.51 in Q1 2025.
The corporate ended the interval with a internet debt / (money) to trailing twelve months adjusted EBITDA ratio of 0.34X, with $234 million of money and equivalents and whole obtainable liquidity of roughly $1.1 billion.
Click on right here to obtain our most up-to-date Certain Evaluation report on RGLD (preview of web page 1 of three proven beneath):
Benjamin Graham Inventory #4: The Marzetti Firm (MZTI)
- Annual Return From Valuation A number of Growth: 12.0%
The Marzetti Firm has been making meals merchandise since 1969. Marzetti makes varied meal equipment like croutons and bread merchandise in frozen and non-frozen classes.
Marzetti additionally has among the best dividend enhance streaks in your complete market, with greater than six many years of consecutive will increase.
Marzetti posted second quarter earnings on February third, 2026, and outcomes have been worse than anticipated on each the highest and backside strains. The corporate noticed earnings-per-share come to $2.15, which missed estimates by eight cents.
Income was up 1.7% year-over-year to $518 million, lacking expectations by $2.37 million. The corporate additionally famous $8.2 million of income was attributed to a short lived provide settlement that’s anticipated to conclude on March thirty first.
Gross revenue was $137.3 million, whereas gross margin was up 80 foundation factors on an adjusted foundation. SG&A prices have been up by $3.3 million, primarily pushed by greater advertising spending and the expanded launch of Texas Roadhouse rolls.
Capex for the quarter was $17.7 million, whereas the corporate paid a $28 million dividend and repurchased $20 million in inventory. Marzetti nonetheless has no debt and $201 million in money available.
Administration is shopping for Bachan’s, the maker of Japanese-American barbeque sauces – for $400 million. They famous the acquisition is predicted to be accretive instantly.
Click on right here to obtain our most up-to-date Certain Evaluation report on MZTI (preview of web page 1 of three proven beneath):
Benjamin Graham Inventory #3: Brown & Brown (BRO)
- Annual Return From Valuation A number of Growth: 12.9%
Brown & Brown Inc. is a number one insurance coverage brokerage agency. It gives threat administration options to each people and companies, with a concentrate on property & casualty insurance coverage.
Brown & Brown is a really shareholder-friendly firm, as its 32-year streak of consecutive dividend will increase qualifies it to be a member of the Dividend Aristocrats checklist.
The corporate employs about 23,000 individuals, ought to produce about $7.1 billion in income this yr.
Brown & Brown posted first quarter earnings on April twenty eighth, 2026, and outcomes have been higher than anticipated.
Adjusted earnings-per-share got here to $1.39, which beat estimates by three cents. Income was up 36% year-over-year to $1.9 billion, and beat estimates by $10 million. Income grew 2.2% on an natural foundation, with the steadiness from acquisitions.
Revenue earlier than taxes was $533 million, up 25% year-over-year, with margin of 28.0%, down from 30.4% a yr earlier. Internet earnings was $426 million, up $95 million, or 28.7%, in comparison with the year-ago interval.
Click on right here to obtain our most up-to-date Certain Evaluation report on BRO (preview of web page 1 of three proven beneath):
Benjamin Graham Inventory #2: Factset Analysis Techniques (FDS)
- Annual Return From Valuation A number of Growth: 14.1%
FactSet Analysis Techniques gives built-in monetary info and analytical instruments to the funding group within the Americas, Europe, the Center East, Africa, and Asia-Pacific.
The corporate gives perception and data by analysis, analytics, buying and selling workflow options, content material and expertise options, and wealth administration.
On March thirty first, 2026, FactSet Analysis Techniques introduced Q2 2026 outcomes, reporting non-GAAP EPS of $4.46 for the interval, which beat market consensus by $0.08.
Income grew 7.1% to $611 million. Natural income progress held at 6.8%, whereas Annual Subscription Worth (ASV) a key gauge of recurring demand reached roughly $2.45 billion, up 6.7% from a yr in the past.
Working margins narrowed, with GAAP margin slipping to 30.3% and adjusted margin to 35.0%, primarily because of greater compensation and ongoing expertise investments.
Free money stream jumped 23% yr over yr, giving FactSet flexibility to proceed buybacks and reinvestment.
Administration additionally raised its full-year outlook, now guiding for income between $2.45 billion and $2.47 billion.
Click on right here to obtain our most up-to-date Certain Evaluation report on FDS (preview of web page 1 of three proven beneath):
Benjamin Graham Inventory #1: Muncy Columbia Monetary (CCFN)
- Annual Return From Valuation A number of Growth: 21.7%
Muncy Columbia Monetary Company operates as a monetary holding firm primarily through its wholly-owned subsidiary, Journey Financial institution (previously often known as First Columbia Financial institution & Belief Co.).
As of March thirty first, Muncy Columbia had about $1.72 billion in whole belongings and $1.17 billion in loans. The financial institution operates 22 department places of work throughout 5 counties in Pennsylvania: Clinton, Columbia, Lycoming, Montour, and Northumberland.
On February 18th, 2026 Muncy Columbia raised its dividend by 2.2% to a quarterly price of $0.46. The financial institution additionally declared a particular one-time money dividend of $1.00 per share that was paid on April twenty third, 2026.
On April twentieth, 2026, Muncy Columbia posted its Q1 outcomes for the interval ending March thirty first, 2026. The corporate posted internet curiosity earnings of $16.4 million, up 18.6% in comparison with final yr, pushed by a $2.1 million enhance in curiosity and dividend earnings and a $515,000 discount in curiosity expense.
Non-interest earnings rose barely to $2.5 million, whereas non-interest bills decreased to $10.2 million, primarily because of the absence of one-time govt retirement prices, partially offset by greater healthcare prices, wage will increase, {and professional} charges.
EPS was $2.02, in comparison with $1.23 final yr. Complete belongings elevated to $1.72 billion, supported by robust natural deposit progress, whereas non-performing belongings declined to 0.55% of whole belongings. For FY2026, we anticipate EPS of $8.00.
Click on right here to obtain our most up-to-date Certain Evaluation report on CCFN (preview of web page 1 of three proven beneath):
Further Sources
At Certain Dividend, we regularly advocate for investing in corporations with a excessive likelihood of accelerating their dividends each yr.
If that technique appeals to you, it could be helpful to flick thru the next databases of dividend progress shares:
- The Dividend Kings Listing is much more unique than the Dividend Aristocrats. It’s comprised of 58 shares with 50+ years of consecutive dividend will increase.
- The Excessive Dividend Shares Listing: shares that enchantment to buyers within the highest yields of 5% or extra.
- The Month-to-month Dividend Shares Listing: shares that pay dividends each month, for 12 dividend funds per yr.
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