Development At A Affordable Value: 10 Shares For Dividend Development Buyers

Revealed on July sixteenth, 2025 by Bob Ciura

Investing legend Peter Lynch was one of the vital well-known fund managers of all time. Because the supervisor of the Magellan Fund for Constancy Investments, Lynch produced annual returns of 29.2% from 1977-1990.

This efficiency made the Magellan fund the top-performing mutual fund on the earth, cementing Lynch as the most effective cash managers of all time.

Lynch additionally popularized the time period “Development-at-a-Affordable Value” investing. Put merely, GARP investing is to attempt to discover undervalued shares that additionally supply long-term progress potential.

That is pretty troublesome to place into apply, as many shares are undervalued, however have weak progress prospects. In the meantime, the very best progress shares out there usually sport excessive valuations, and are not often undervalued.

Due to this fact, shares that mix each are laborious to seek out, and requires buyers to look far and extensive. Maybe Lynch himself put it finest:

I believe it was simply taking a look at completely different firms and I at all times thought for those who checked out 10 firms, you’d discover one which’s attention-grabbing, for those who’d take a look at 20, you’d discover two, or for those who take a look at 100 you’ll discover 10. The individual that turns over probably the most rocks wins the sport. I’ve additionally discovered this to be true in my private investing.

A superb place to begin in search of GARP shares is the blue chip shares record, a bunch of shares which have raised their dividends for a minimum of 10 years.

You’ll be able to obtain the record of over 500 blue chip shares now, by clicking on the hyperlink under:

This text will record the highest 10 blue chip shares which can be undervalued in response to their P/E ratios, with constructive earnings progress of a minimum of 5% yearly anticipated for the long run.

Lastly, these 10 shares are based mostly within the U.S., and have the bottom price-to-earnings ratios. The record is sorted by their P/E ratio, in ascending order.

These 10 dividend shares qualify as growth-at-a-reasonable value.

Desk of Contents

GARP Inventory #10: Comcast Corp. (CMCSA)

• 5-Yr Annual Anticipated EPS Development: 7.0%
• P/E Ratio: 8.1

Comcast is a media, leisure and communications firm. As of Q1 2023, Comcast started reporting in 2 key enterprise segments: Connectivity & Platforms (Residential Connectivity & Platforms and Enterprise Companies Connectivity), and Content material & Experiences (Media, Studios, Theme Parks).

Comcast reported its Q1 2025 outcomes on Apr. twenty fourth, 2025. As anticipated, broadband competitors worsened with the corporate shedding 199,000 web broadband prospects through the quarter.

Income dropped barely by 0.6% year-over-year to $29.9 billion. Adjusted earnings-per-share (EPS) rose 4.5% to $1.09. Nonetheless, money stream era remained sturdy.

Adjusted EBITDA (a money stream proxy) rose 1.9% to $9.5 billion and free money stream climbed 19% to $5.4 billion. The Connectivity & Platforms phase’s revenues fell marginally by 0.7% to $20.1 billion. The phase skilled adjusted EBITDA rising marginally by 1.5% to $8.3 billion, helped by margins growth of 0.9% to 41.4%.

The Content material & Experiences phase grew income marginally by 0.8% to $10.5 billion, pushed by Media and Studios, whereas its adjusted EBITDA fell marginally by 0.1% to $1.5 billion.

Click on right here to obtain our most up-to-date Positive Evaluation report on CMCSA (preview of web page 1 of three proven under):

GARP Dividend Inventory #9: Farmers & Retailers Bancorp (FMCB)

• 5-Yr Annual Anticipated EPS Development: 5.0%
• P/E Ratio: 8.0

Farmers & Retailers Bancorp is a domestically owned and operated group financial institution with 32 areas in California. As a result of its small market cap and its low liquidity, it passes beneath the radar of most buyers.

F&M Financial institution has paid uninterrupted dividends for 89 consecutive years and has raised its dividend for 59 consecutive years.

In mid-April, F&M Financial institution reported (4/16/25) monetary outcomes for the primary quarter of fiscal 2025. The financial institution grew its earnings-per-share 8% over the prior yr’s quarter, from $30.56 to a brand new all-time excessive of $32.86.

Loans dipped -3% whereas deposits remained basically flat. Internet curiosity earnings grew 3% due to an growth of web curiosity margin from 4.14% to 4.20%.

F&M Financial institution is a prudently managed financial institution, which has at all times focused a conservative capital ratio. The financial institution at present has a complete capital ratio of 15.2%, which leads to the very best regulatory classification of “properly capitalized.”

Furthermore, its credit score high quality stays exceptionally sturdy, as there are extraordinarily few non-performing loans and leases in its portfolio.

Click on right here to obtain our most up-to-date Positive Evaluation report on FMCB (preview of web page 1 of three proven under):

GARP Dividend Inventory #8: Century Monetary (CYFL)

• 5-Yr Annual Anticipated EPS Development: 6.0%
• P/E Ratio: 8.0

Century Monetary Company is a financial institution holding firm based mostly in Coldwater, Michigan, that operates primarily by means of its wholly-owned subsidiary, Century Financial institution and Belief.

The financial institution affords a variety of economic providers, like conventional banking merchandise reminiscent of deposit accounts, industrial and client loans, residential mortgage loans, and wealth administration providers.

Additionally, the financial institution offers specialised monetary providers, reminiscent of belief and funding administration, that are necessary contributors to non-interest earnings.

Century Financial institution and Belief serves its native communities by means of a community of 11 banking places of work positioned throughout Department, St. Joseph, and Hillsdale Counties in Michigan, in addition to numerous ATM areas. On the finish of March, Century Monetary had deposits of $415.1 million.

On Might fifth, 2025, Century Monetary Company launched its Q1 outcomes for the interval ending March thirty first, 2025. For the quarter, web earnings reached $2.3 million, or $1.38 per share, up from $2.0 million or $1.18 per share final.

Internet curiosity earnings totaled $5.0 million, a rise from $4.7 million in Q1 2024, pushed by progress in loans and a steady rate of interest atmosphere.

Non-interest earnings grew to $1.35 million, up from $1.33 million a yr earlier, reflecting continued energy in belief and funding administration providers.

Click on right here to obtain our most up-to-date Positive Evaluation report on CYFL (preview of web page 1 of three proven under):

GARP Dividend Inventory #7: Benchmark Bankshares (BMBN)

• 5-Yr Annual Anticipated EPS Development: 6.0%
• P/E Ratio: 7.6

Benchmark Bankshares is a monetary holding firm that operates primarily by means of its wholly-owned subsidiary, Benchmark Neighborhood Financial institution.

Headquartered in Kenbridge, Virginia, the financial institution offers quite a lot of conventional banking providers, together with deposit accounts, client and industrial loans, and mortgage banking.

The financial institution additionally affords wealth administration providers and operates a sturdy portfolio of enterprise options that embody credit score providers, service provider providers, and debit card processing.

Benchmark Neighborhood Financial institution operates 17 branches, with a geographical deal with Southside Virginia and Northern North Carolina, together with key areas in areas reminiscent of Kenbridge, South Hill, and Farmville in Virginia, and Wake Forest, North Carolina.

The financial institution has steadily grown its footprint, most not too long ago increasing its providers in North Carolina by opening a full-service department in Wake Forest and changing its Mortgage Manufacturing Workplace (LPO) in Zebulon right into a full-service department.

On Might nineteenth, 2025, Benchmark introduced its Q1 2025 outcomes for the interval ending March thirty first, 2025. For the quarter, Benchmark posted web earnings of $4.6 million, or $1.03 per share, in comparison with $3.2 million, or $0.72 per share final yr.

Internet curiosity earnings rose 16.8% to $13.3 million, with the online curiosity margin (NIM) rising to 4.64% from 4.25%.

Click on right here to obtain our most up-to-date Positive Evaluation report on BMBN (preview of web page 1 of three proven under):

GARP Dividend Inventory #6: JBT Bancorp (JBTC)

• 5-Yr Annual Anticipated EPS Development: 6.0%
• P/E Ratio: 7.6

JBT Bancorp is a long-standing, unbiased group financial institution holding firm based mostly in Jonestown, Pennsylvania, with a historical past spanning over 150 years.

By means of its wholly owned subsidiary, Jonestown Financial institution & Belief Co., JBT operates 11 full-service places of work and a couple of limited-service places of work throughout Lebanon, northern Lancaster, and japanese Berks counties.

The financial institution affords a full suite of economic services and products, together with private and enterprise checking and financial savings accounts, time period certificates, residential mortgages, industrial loans, client loans, and specialised providers reminiscent of treasury administration and hashish banking.

The corporate generated $32.3 million in web curiosity earnings final yr.

On April 14th, 2025, JBT Bancorp reported its Q1 outcomes for the interval ending March thirty first, 2025. The corporate generated complete curiosity earnings of $12.33 million, up from $11.65 million a yr earlier, pushed by larger mortgage and securities earnings.

Internet curiosity earnings after credit score loss expense rose 7.9% year-over-year to $7.51 million. Non-interest earnings grew 13.1%, led by stronger debit card interchange exercise.

Internet earnings for the quarter was $1.69 million, or $0.69 per share, in comparison with $1.31 million, or $0.54 per share, in Q1 2024.

Click on right here to obtain our most up-to-date Positive Evaluation report on JBTC (preview of web page 1 of three proven under):

GARP Dividend Inventory #5: Sonoco Merchandise (SON)

• 5-Yr Annual Anticipated EPS Development: 5.0%
• P/E Ratio: 7.4

Sonoco Merchandise offers packaging, industrial merchandise and provide chain providers to its prospects. The markets that use the corporate’s merchandise embody these within the home equipment, electronics, beverage, development and meals industries.

The corporate generates over $5 billion in annual gross sales. Sonoco Merchandise is now composed of two main segments, Client Packaging, and Industrial Packaging, with all different companies listed as “All Different”.

On April sixteenth, 2025, Sonoco Merchandise raised its quarterly dividend 1.9% to $0.53, extending the corporate’s dividend progress streak to 49 consecutive years.

On April twenty ninth, 2025, Sonoco Merchandise reported first quarter outcomes for the interval ending March thirtieth, 2025.

Supply: Investor Presentation

For the quarter, income grew 30.5% to $1.71 billion, which was $330 million lower than anticipated. Adjusted earnings-per-share of $1.38 in comparison with $1.12 within the prior yr, however was $0.03 under estimates.

Revenues and earnings benefited from the addition of Eviosys. For the quarter, Client Packaging revenues of $1.07 billion have been up 83% year-over-year, principally as a result of contributions from Eviosys.

Volumes improved as properly whereas pricing and prices have been favorable within the U.S. metallic cans packaging enterprise.

Click on right here to obtain our most up-to-date Positive Evaluation report on Sonoco (SON) (preview of web page 1 of three proven under):

GARP Dividend Inventory #4: Canandaigua Nationwide Company (CNND)

• 5-Yr Annual Anticipated EPS Development: 5.0%
• P/E Ratio: 7.4

Canandaigua Nationwide Company (CNC) is the dad or mum firm of The Canandaigua Nationwide Financial institution & Belief Firm (CNB) and Canandaigua Nationwide Belief Firm of Florida (CNTF), providing a variety of economic providers, together with banking, lending, mortgage providers, belief, funding administration, and insurance coverage.

With 23 branches throughout its service areas, CNC is deal with serving native communities by offering personalised monetary options to people, companies, and municipalities.

CNC emphasizes group banking, specializing in reinvesting within the native financial system by means of a various lending portfolio. As of December thirty first, 2024, CNC reported complete deposits of $4.0 billion.

In early March, Canandaigua Nationwide launched its full-year outcomes for the interval ending December thirty first, 2024. For the yr, complete curiosity earnings grew 13% to $248 million.

Complete curiosity bills grew 29% to $111 million. Internet curiosity earnings grew by 3% to $137 million. Complete different earnings (service expenses on deposit accounts and belief and funding providers) elevated 6% to $54 million.

Complete different bills (Inc. salaries, occupancy, and advertising) grew 6% to $125 million. Internet earnings was $45 million, comparatively flat year-over-year. EPS was $24.15.

Click on right here to obtain our most up-to-date Positive Evaluation report on CNND (preview of web page 1 of three proven under):

GARP Dividend Inventory #3: Boyle Bancorp (BYLB)

• 5-Yr Annual Anticipated EPS Development: 5.0%
• P/E Ratio: 6.4

Boyle Bancorp is a one-bank holding firm headquartered in Danville, Kentucky, operates by means of its wholly-owned subsidiary, Farmers Nationwide Financial institution of Danville.

Established in 1879, Farmers Nationwide Financial institution is without doubt one of the oldest banks within the State of Kentucky, with a long-standing historical past of serving its native communities.

By the tip of 2024, Boyle’s complete belongings had reached $967.1 million, reflecting a modest improve of 0.9% in comparison with final yr. The mortgage portfolio, particularly, continued its sturdy growth, growing by 11.5% to $709.8 million. Its e book worth per share stood at $91.47 on the finish of the yr.

A key contributor to Boyle’s success through the yr was as soon as once more WealthSouth, the financial institution’s wealth administration division, which now manages over $1.1 billion in belongings and advises on greater than $4.2 billion. WealthSouth performed a significant function in mortgage origination, contributing $240 million in loans excellent by yr’s finish.

On February twenty eighth, 2025, Boyle hiked its dividend by 11.1% on a QoQ foundation or 33.3% on a YoY bass to quarterly price of $1.00.

On April 18th, 2025 Boyle Bancorp reported its full-year earnings for the yr ending December thirty first, 2024. The corporate posted a web curiosity earnings of $32.6 million, a rise of 4% from the earlier yr.

Rising curiosity bills—as much as $18.2 million from $11.8 million in 2023—have been offset by stronger curiosity earnings, significantly from loans.

Click on right here to obtain our most up-to-date Positive Evaluation report on BYLB (preview of web page 1 of three proven under):

GARP Dividend Inventory #2: AES Corp. (AES)

• 5-Yr Annual Anticipated EPS Development: 6.0%
• P/E Ratio: 6.1

The AES (Utilized Power Companies) Company has companies in 14 international locations and a portfolio of roughly 160 era services. AES produces energy by means of numerous gas varieties, reminiscent of gasoline, renewables, coal, and oil/diesel.

The corporate has greater than 36,000 Gross MW in operation. In 2024, AES produced $12.3 billion in revenues.

AES Company reported first quarter outcomes on Might 1st, 2025, for the interval ending March 31, 2025. Adjusted EPS decreased 46% to $0.27 for Q1 2025, which missed analyst estimates by $0.07.

The corporate accomplished development of 643 MW of vitality storage and photo voltaic within the quarter, and signed or wawarded new long-term PPAs for 443 MW of photo voltaic and vitality storage.

The corporate constructed and bought 3 GW of renewable vitality in 2024, in addition to constructed a 670 MW mixed cycle gasoline plant in Panama. Management maintained its 2025 steering, anticipating adjusted EPS of $2.10 to $2.26 for the complete fiscal yr.

Click on right here to obtain our most up-to-date Positive Evaluation report on AES (preview of web page 1 of three proven under):

GARP Dividend Inventory #1: Somerset Belief Holding Firm (SOME)

• 5-Yr Annual Anticipated EPS Development: 5.0%
• P/E Ratio: 5.4

Somerset Belief Holding Firm, based in 1889 and headquartered in Somerset, Pennsylvania, is a regional financial institution with 44 branches throughout Pennsylvania, Maryland, and Virginia.

The corporate offers a full suite of economic providers, together with private and enterprise banking, wealth administration, loans, and investments, with a robust dedication to community-driven banking. Nonetheless, the financial institution embraces trendy banking improvements.

On the finish of March, Somerset Belief reported complete deposits of $1.94 billion and web loans of $1.55 billion.

On Might eleventh, 2025, Somerset posted its Q1 outcomes for the interval ending March thirty first, 2025. For the interval, complete curiosity and dividend earnings grew 8% to $31.9 million. Complete curiosity bills grew 16% to $11.0 million. Internet curiosity earnings grew 5% to $20.9 million.

Complete different earnings (reminiscent of belief division earnings and repair charges) was unchanged at $4.2 million. Complete different bills (together with salaries, occupancy, and tools) grew 1% to $17.9 million. EPS was $2.08, matching the prior yr’s consequence.

Click on right here to obtain our most up-to-date Positive Evaluation report on SOME (preview of web page 1 of three proven under):

Ultimate Ideas

Blue chip shares are inclined to have many or the entire following traits:

1. Market leaders
2. In style / well-known
3. Giant-cap market capitalization
4. Lengthy historical past of paying rising dividends
5. Constant profitability even throughout recessions

That’s why they’ll make glorious investments for the long-run. And their energy and reliability make them compelling investments for buyers of all expertise ranges, from freshmen to specialists.

If you’re focused on discovering high-quality dividend progress shares and/or different high-yield securities and earnings securities, the next Positive Dividend sources shall be helpful:

Excessive-Yield Particular person Safety Analysis

Different Positive Dividend Assets