Public Markets · Income · Graded

QL Dividend Ledger

Every dividend list tells you what to buy. None of them publish what happened next. This one ranks the Top 100 dividend value stocks on three published pillars — fundamentals (can the payout be afforded), growth (is the payout and the business growing), valuation (is it cheap against its own history and its sector) — then seals the board with a hash and grades it forward against SPY, SCHD and VIG on total return, by rank decile, with the cut rate. The list is published; so is its record.

Data as of September 4, 2026 · 617 eligible of 1325 screened · 1 sealed board · chain intact

Eligible universe
cap ≥ $1B · yield ≥ 1.5% · 5y history · no cut
Board sealed
hash-chained the day it was published
Record vs SCHD
boards graded at 12 months
Board yield · growth
median yield · median 5y dividend CAGR
Chain
head

Look up a company

Its current row, the three pillars with every input, and every sealed board it sat on with the graded return. Pillars, the ranked universe and every company view are Starter and above; free visitors see pillars on the top 5 rows.

The Board — Top 100

Ranked by composite (fundamentals 40% · growth 30% · valuation 30%). Click any column title to sort by it; click again to flip. Starter and above open every pillar sub-score, the ranked universe beyond the board and every company view; free visitors see pillars on the top 5 rows.

#CompanyMarket capYieldDiv CAGR 5yStreakCompositeClusterPillars F · G · V
1INTU
Intuit Inc · Technology
$91.8B1.66%+15.3%15.3y94.8Cheap qualityPro
2ZTS
ZOETIS INC. · Healthcare
$31.7B2.80%+17.1%13.0y94.3Cheap qualityPro
3DOX
Amdocs Limited · Other
$7.5B3.66%+9.8%14.3y94.1Cheap qualityPro
4G
GENPACT LIMITED · Industrials
$6.4B2.01%+11.8%9.8y91.5Cheap qualityPro
5DPZ
Domino's Pizza Inc. · Consumer Staples
$11.5B2.33%+16.7%13.8y91.2Cheap qualityPro
6OZK
Bank OZK · Other
$4.9B3.81%+10.7%9.3y91.0Cheap qualityPro
7PRI
PRIMERICA, INC. · Financials
$9.2B1.62%+20.7%16.3y90.3Growing payersPro
8FDS
Factset Research Systems · Technology
$10.9B1.54%+7.3%21.8y89.6Cheap qualityPro
9BAH
Booz Allen Hamilton Holding Corporation · Industrials
$8.7B3.24%+10.3%12.3y89.4Cheap qualityPro
10TAC
TransAlta Corporation · Other
$3.8B2.34%+13.8%3.8y89.4Cheap qualityPro
11WFG
West Fraser Timber Co. Ltd · Other
$5.1B1.86%+23.3%4.8y89.4Cheap qualityPro
12MMS
MAXIMUS, Inc. · Technology
$3.1B2.29%+2.9%21.8y88.3Value tiltPro
13SIGI
Selective Insurance Group · Financials
$5.5B1.87%+11.5%23.0y88.1Cheap qualityPro
14ACN
Accenture PLC · Technology
$114.9B3.49%+13.1%7.0y87.9Cheap qualityPro
15BIPC
Brookfield Infrastructure Corporation Class A Exchangeable Subordinate Voting Shares · Other
$5.5B4.87%+6.0%6.5y87.5Value tiltPro
16YUMC
Yum China Holdings, Inc. Common Stock · Consumer Discretionary
$15.2B2.66%+18.3%8.5y87.5Cheap qualityPro
17TRN
Trinity Industries, Inc. · Other
$2.3B4.38%+8.4%12.3y87.4Cheap qualityPro
18CINF
Cincinnati Financial Corp · Financials
$26.6B2.20%+8.0%23.3y87.2Growing payersPro
19ALV
Autoliv, Inc. · Consumer Discretionary
$9.3B2.78%+47.5%15.5y87.1Quality at a pricePro
20KBR
KBR, Inc. · Industrials
$4.7B1.79%+9.5%18.8y86.9Cheap qualityPro
21CMCSA
Comcast Corp · Communication Services
$94.6B4.98%+6.6%18.8y86.0Cheap but stretchedPro
22LOW
Lowe's Companies Inc. · Consumer Discretionary
$114.5B2.45%+13.3%23.0y85.2Cheap qualityPro
23AOS
A.O. Smith Corporation · Consumer Discretionary
$8.3B2.38%+6.7%22.8y85.1Value tiltPro
24SON
Sonoco Products Company · Materials
$5.2B4.16%+3.8%22.8y84.8Value tiltPro
25EWBC
East-West Bancorp Inc · Financials
$18.1B2.45%+18.9%17.5y84.6Quality at a pricePro
26SSB
SouthState Bank Corporation · Financials
$10.5B2.44%+5.3%22.5y84.6Cheap qualityPro
27GNTX
Gentex Corp · Consumer Discretionary
$4.8B2.07%0.0%23.0y84.6Value tiltPro
28CNI
Canadian National Railway · Other
$66.0B2.97%+13.9%2.5y84.4Cheap qualityPro
29MAS
Masco Corporation · Industrials
$14.5B1.76%+11.1%17.5y84.4Growing payersPro
30TRI
Thomson Reuters Corporation Common Shares · Other
$49.6B2.48%+8.9%0.5y84.3Value tiltPro
31GIL
Gildan Activewear Inc. · Other
$11.4B1.87%+25.9%14.8y84.3Quality at a pricePro
32INGR
Ingredion Incorporated · Consumer Staples
$6.5B3.24%+5.1%21.3y84.2Value tiltPro
33FTS
Fortis Inc. Common Shares · Other
$29.3B4.63%+9.9%4.3y84.1Cheap qualityPro
34STNG
Scorpio Tankers Inc. · Other
$3.9B2.19%+34.6%9.8y84.1Quality at a pricePro
35NOC
Northrop Grumman Corp. · Industrials
$73.4B1.92%+9.6%23.0y83.8Value tiltPro
36HIG
The Hartford Insurance Group, Inc. · Financials
$38.2B1.73%+11.8%17.8y83.6Growing payersPro
37IPAR
Interparfums, Inc. Common Stock · Consumer Staples
$3.7B2.74%+45.0%5.8y83.5Growing payersPro
38XYL
Xylem Inc · Industrials
$25.0B1.63%+9.0%15.0y83.5Growing payersPro
39AVY
Avery Dennison Corp. · Materials
$13.4B2.28%+8.3%17.3y83.3Value tiltPro
40ATR
AptarGroup, Inc. · Consumer Discretionary
$8.2B1.51%+5.3%22.8y83.2Growing payersPro
41PEP
PepsiCo, Inc. · Consumer Staples
$188.4B4.30%+11.5%22.8y82.8Cheap but stretchedPro
42BBWI
Bath & Body Works, Inc. · Consumer Discretionary
$3.9B4.10%+21.7%5.5y82.8Value tiltPro
43RF
Regions Financial Corp. · Financials
$26.1B3.94%+11.5%17.5y82.8Quality at a pricePro
44SFBS
ServisFirst Bancshares Inc. · Financials
$2.4B1.76%+13.7%12.0y82.8Growing payersPro
45OTIS
Otis Worldwide Corporation · Industrials
$27.3B2.47%+14.3%6.5y82.7Cheap but stretchedPro
46PNR
Pentair plc · Industrials
$9.7B1.79%+6.1%8.3y82.7Value tiltPro
47GGG
Graco Inc · Industrials
$12.9B1.52%+9.5%22.5y82.7Growing payersPro
48LKFN
Lakeland Financial Corp · Financials
$1.5B3.43%+9.3%22.8y82.6Cheap qualityPro
49EIX
Edison International · Utilities
$22.0B6.18%+5.7%22.8y82.3Cheap but stretchedPro
50BEPC
Brookfield Renewable Corporation Class A Exchangeable Subordinate Voting Shares · Other
$7.3B4.94%+5.2%6.3y81.9Value tiltPro
51CDW
CDW Corporation · Consumer Discretionary
$19.4B1.65%+9.5%13.0y81.9Growing payersPro
52ALL
The Allstate Corporation · Financials
$67.3B1.66%+7.4%17.8y81.8Growing payersPro
53LEA
Lear Corporation · Consumer Discretionary
$6.8B2.29%+19.8%6.0y81.7Growing payersPro
54STRA
Strategic Education, Inc. Common Stock · Consumer Discretionary
$1.8B2.94%+4.6%9.8y81.5Value tiltPro
55COLM
Columbia Sportswear Co · Consumer Discretionary
$3.0B2.08%+9.0%15.0y81.5Value tiltPro
56WDFC
Wd-40 Co · Materials
$2.8B1.97%+7.5%22.8y81.3Growing payersPro
57LVS
Las Vegas Sands Corp. · Consumer Discretionary
$29.1B2.70%+1.3%3.3y81.1Value tiltPro
58OFG
OFG BANCORP · Financials
$2.3B2.63%+34.1%11.0y81.1Quality at a pricePro
59OLED
Universal Display Corp · Technology
$3.8B2.43%+22.1%9.8y81.1Cheap but stretchedPro
60FUL
H.B. Fuller Company · Materials
$3.0B1.82%+7.8%22.5y81.0Value tiltPro
61MKC
McCormick & Company, Incorporated Non-VTG CS · Consumer Staples
$14.0B3.69%+7.3%22.8y80.8Cheap but stretchedPro
62PPG
PPG Industries, Inc. · Materials
$25.2B2.63%+5.4%22.8y80.6Value tiltPro
63HOMB
Home BancShares, Inc. · Financials
$6.1B3.05%+9.0%16.5y80.3Growing payersPro
64ROL
Rollins, Inc. · Consumer Discretionary
$17.3B2.04%+13.9%6.0y80.3Growing payersPro
65EXPO
Exponent Inc · Industrials
$3.3B1.81%+14.4%8.5y80.2Growing payersPro
66MGEE
MGE Energy Inc · Utilities
$2.9B2.63%+5.2%12.8y80.0Value tiltPro
67PFBC
Preferred Bank · Other
$1.1B3.09%+18.3%12.0y79.9Quality at a pricePro
68SIRI
Sirius XM Holdings, Inc · Communication Services
$9.9B3.73%+13.0%4.5y79.8Cheap but stretchedPro
69RPM
RPM International, Inc. · Materials
$13.1B2.05%+7.3%22.8y79.7Growing payersPro
70OTEX
Open Text Corp · Technology
$6.4B4.68%+10.9%13.5y79.6Cheap but stretchedPro
71BANF
Bancfirst Corp · Financials
$3.8B1.74%+7.6%22.8y79.5Growing payersPro
72CTSH
Cognizant Technology Solutions · Technology
$29.7B2.12%+6.7%9.5y79.4Value tiltPro
73AWR
American States Water Company · Utilities
$3.5B2.46%+8.5%22.8y79.3Growing payersPro
74RCL
Royal Caribbean Group · Industrials
$71.1B2.26%+11.3%2.3y79.3Growing payersPro
75ARCO
ARCOS DORADOS HOLDINGS INC. · Other
$1.7B3.43%+1.2%3.3y79.2Value tiltPro
76CWT
California Water Service · Utilities
$3.0B2.68%+7.7%22.8y79.2Cheap but stretchedPro
77SBAC
SBA Communications Corp · Financials
$20.1B2.64%+17.1%7.3y79.1Cheap but stretchedPro
78BLX
Banco Latinoamericano de Comercio Exterior, S.A · Other
$1.8B4.94%+21.9%6.3y79.0Quality at a pricePro
79POOL
Pool Corporation · Other
$6.7B2.81%+13.1%22.0y78.9Value tiltPro
80CPA
Copa Holdings, S.A. · Other
$5.2B5.17%+11.5%5.0y78.8Quality at a pricePro
81EFSC
Enterprise Financial Services Corporation · Financials
$2.4B2.17%+12.5%21.8y78.8Growing payersPro
82ESNT
Essent Group LTD · Financials
$6.3B2.02%+15.2%7.3y78.8Growing payersPro
83SYY
Sysco Corporation · Consumer Staples
$40.6B2.75%+3.6%23.0y78.7Growing payersPro
84CBU
Community Financial System, Inc. · Financials
$3.4B3.07%+2.3%22.5y78.6Value tiltPro
85AES
AES Corporation · Utilities
$10.6B4.76%+3.4%14.0y78.5Value tiltPro
86BIP
Brookfield Infrastructure Partners L.P. Limited Partnership Units · Other
$17.1B4.90%+6.0%6.5y78.0Value tiltPro
87TRNO
Terreno Realty Corporation · Real Estate
$7.0B3.47%+11.4%15.8y77.9Cheap but stretchedPro
88CVE
Cenovus Energy Inc. · Other
$42.9B2.72%+87.9%2.8y77.7Quality at a pricePro
89WM
Waste Management, Inc. · Utilities
$88.1B1.73%+9.3%18.5y77.6Growing payersPro
90NXPI
NXP Semiconductors N.V. · Technology
$57.9B1.78%+16.7%8.3y77.3Value tiltPro
91GABC
German American Bancorp, Inc. · Financials
$1.9B2.48%+8.3%22.8y77.1Growing payersPro
92MKTX
MarketAxess Holdings Inc. · Financials
$5.8B1.91%+3.7%13.8y77.0Value tiltPro
93DG
Dollar General Corp. · Consumer Discretionary
$29.5B1.77%+8.6%15.3y77.0Value tiltPro
94PNFP
Pinnacle Financial Partners, Inc. · Financials
$15.3B1.98%+20.0%13.0y76.9Growing payersPro
95FFIN
First Financial Bankshares Inc · Financials
$4.8B2.63%+7.9%12.5y76.8Growing payersPro
96THG
The Hanover Insurance Group, Inc. · Financials
$8.1B1.66%+6.4%6.8y76.7Growing payersPro
97NEE
NextEra Energy, Inc. · Utilities
$174.7B2.99%+10.1%22.8y76.6Quality at a pricePro
98HLNE
Hamilton Lane Incorporated Class A Common Stock · Financials
$4.6B2.33%+11.5%9.5y76.6Cheap but stretchedPro
99ES
Eversource Energy · Utilities
$26.8B4.43%+5.6%22.5y76.5Cheap but stretchedPro
100LHX
L3Harris Technologies, Inc. · Industrials
$48.0B1.95%+5.3%22.8y76.5Growing payersPro

Cluster map

The Top 100 in pillar space: nodes are companies (size = market cap, color = cluster), edges join each name to its three nearest neighbours on fundamentals, growth, valuation and yield. Clusters come from the data, not from sector labels — drag, zoom, hover for the pillars, click to open the ledger.

Loading the cluster map…

Pillar scatter

Plot any two dimensions. Bubble size is market cap; color is cluster. Pillar axes plot only the rows whose pillars you can see.

The record

Every sealed board, graded on equal-weight total return (price plus cash dividends ex-dated after the seal) against SPY, SCHD and VIG at 3, 6 and 12 months. Verdict at twelve months: beat / matched / lagged SCHD at ±2pp. The record starts at launch — there is no reconstructed history, because a reconstruction would carry look-ahead.

BoardSealed3m6m12mTo datevs SPYvs SCHDvs VIGCutsVerdictHash
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Boards vs benchmarks

Sealed boards — total return to date vs benchmarks-100%-50%0.0%50%100%%2026-092026-09: 0.0%2026-09: 0.0%2026-09: 0.0%2026-09: 0.0%BoardSPYSCHDVIG

Total return to date per sealed board, next to SPY, SCHD and VIG over the same window. One bar per board; the picture fills in month by month.

Return by rank decile

Does rank 1–10 actually beat rank 91–100? The decile record is the ranking's own test.

Rank migration

How names moved between sealed boards — entries, exits and climbers. Fills in from the second board.

Sector heat

Average pillar score by sector across the eligible universe. Sectors with fewer than three eligible names are omitted.

Average pillar score by sector (eligible universe)Financials (23Financials (23 / Fundamentals: 69Financials (23 / Growth: 63Financials (23 / Valuation: 49Financials (23 / Composite: 61Consumer DiscrConsumer Discr / Fundamentals: 78Consumer Discr / Growth: 57Consumer Discr / Valuation: 59Consumer Discr / Composite: 66Utilities (62)Utilities (62) / Fundamentals: 72Utilities (62) / Growth: 62Utilities (62) / Valuation: 48Utilities (62) / Composite: 62Other (56)Other (56) / Fundamentals: 86Other (56) / Growth: 64Other (56) / Valuation: 49Other (56) / Composite: 68Industrials (4Industrials (4 / Fundamentals: 73Industrials (4 / Growth: 64Industrials (4 / Valuation: 52Industrials (4 / Composite: 64Consumer StaplConsumer Stapl / Fundamentals: 62Consumer Stapl / Growth: 61Consumer Stapl / Valuation: 60Consumer Stapl / Composite: 61Materials (33)Materials (33) / Fundamentals: 70Materials (33) / Growth: 54Materials (33) / Valuation: 59Materials (33) / Composite: 62Energy (29)Energy (29) / Fundamentals: 70Energy (29) / Growth: 59Energy (29) / Valuation: 40Energy (29) / Composite: 58Technology (25Technology (25 / Fundamentals: 75Technology (25 / Growth: 63Technology (25 / Valuation: 60Technology (25 / Composite: 67Healthcare (15Healthcare (15 / Fundamentals: 61Healthcare (15 / Growth: 59Healthcare (15 / Valuation: 37Healthcare (15 / Composite: 53Real Estate (9Real Estate (9 / Fundamentals: 42Real Estate (9 / Growth: 62Real Estate (9 / Valuation: 60Real Estate (9 / Composite: 53Communication Communication / Fundamentals: 86Communication / Growth: 55Communication / Valuation: 64Communication / Composite: 70FundamentalsGrowthValuationComposite8637

How it works

1 · The universe

US common stocks with market cap ≥ $1B, trailing yield ≥ 1.5% (≤ 25%), at least five years of regular cash dividends and no cut in the trailing twelve months. Special dividends never count; a frequency change that keeps the annual cash is not a cut.

2 · Three pillars, 0–100

Fundamentals (40%): earnings and cash-flow coverage of the payout, debt/EBITDA, return on equity, a yield-trap check. Growth (30%): five-year dividend CAGR, raise streak, three-year EPS and revenue CAGR. Valuation (30%): P/E, P/S and EV/EBITDA as percentiles of the stock's own fiscal-year history, yield against its own five-year range, P/E against the sector median. Missing inputs drop and reweight — never guessed. A missing pillar lists the company but never ranks it.

3 · Sealed, then graded

On the first build of each month the Top 100 is sealed — ticker, rank, composite and closing price per row plus the benchmark closes — and hashed with SHA-256 into a chain that includes the previous seal. A sealed board is never edited. It is graded on equal-weight total return at 3 / 6 / 12 months against SPY, SCHD and VIG, by rank decile, plus the share of the board that cut within a year.

4 · Clusters from the data

k-means over the three pillar scores and the yield (z-scored, deterministic seeding), edges to each company's three nearest neighbours in that space. Labels come from the cluster centroid — dividend compounders, cheap quality, high-yield slow growth — not from sector membership.

FAQ

What are the best dividend value stocks right now?

As of September 4, 2026, Intuit Inc (INTU) leads the QL Dividend Ledger with a composite of 94.8 and a 1.66% yield, followed by ZOETIS INC. (ZTS) and Amdocs Limited (DOX). The ranking weighs fundamentals 40%, growth 30% and valuation 30% — never yield alone.

Why isn't this just a highest-yield list?

Because a high yield is usually the market pricing a cut. Yield is one input among many, and the yield-trap check scores an abnormal yield as a risk. The valuation pillar asks whether the stock is cheap against its own history and its sector, which is a different question from how much it pays.

What does "graded" mean here?

Each sealed board is a fixed list of 100 names with entry prices. At 3, 6 and 12 months the equal-weight total return of that list is compared with SPY, SCHD and VIG over the same window, and with itself by rank decile. The board's twelve-month verdict is beat, matched or lagged SCHD at ±2pp. Nothing is revised afterwards — the hash makes that checkable.

Why is there no history before launch?

The fundamentals feed is not point-in-time, so any backfilled ranking would quietly know things it could not have known at the time. The record starts the day the first board was sealed and grows one board a month.

Is this investment advice?

No. The ledger is diagnostic research over reported fundamentals, payment history and market prices. Rankings are computed by a published method, not recommended, and every input is visible for entitled members so the method can be argued with.

QL Dividend Ledger is diagnostic research over reported fundamentals (Polygon standardized financials), dividend history and split-adjusted market prices — not investment advice. A high yield is treated as a risk signal, not a reward. Grades use equal-weight total return with cash dividends ex-dated after the seal; benchmarks are graded the same way. Debt/EBITDA is net of cash only where the standardized feed reports cash. Sealed boards are append-only and hash-chained; the current board may drift from the latest seal between builds and the page says so.