CQSS - Cazadividendos Quality Scoring System

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2	CQSS (Cazadividendos Quality Scoring System) - Latest Update: June 2023
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5	Please do not request edit access. The sheet cannot be downloaded, copied or printed.
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7	The scoring system employs nine of the most widely used quality indicators and assigns 0-5 points to each quality indicator except for M* Economic Moat that receives 0-15 points
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9	Value Line [VL] Price Stability					Dividend Growth stocks are stocks with a record of paying regular and increasing dividends.
10	Value Line [VL] Financial Strength					A dividend growth strategy is a buy-and-hold approach to investing that seeks out these kinds of equities.
11	Value Line [VL] Safety
12	Morningstar [M*] Economic Moat					Growth stocks are those companies expected to grow sales, earnings and cash flows at a faster rate than the market average.
13	Morningstar [M*] Financial Health					Growth stocks typically don’t pay dividends and are often put in contrast with value stocks
14	Morningstar [M*] Stewardship
15	Morningstar [M*] Fair Value Uncertainty					Value stocks refer to shares of companies that appear to trade at a lower price relative to their fundamentals,
16	Standards & Poors's [S&P] Credit Ratings					such as dividends, earnings or sales.
17	Simply Safe Dividends [SSD] Dividend Safety Scores
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19	Notes:
20	1) VL Safety used for Canadian DGI stocks instead of VL Price Stability
21	2) M* Financial Health Score from the Quantitative Equity Report used for European DGI stocks if M* Financial Health is not available
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25	Points USA/CAN DGI	VL Price Stability	VL Safety	VL Financial Strenght	M* Financial Health	M* Stewardship	M* Fair Value Uncertainty	S&P Credit Rating	SSD Dividend Safety
26	5	100	1	A++	A	Exemplary	Low	All AAA and AA levels	81-100 (Very Safe)
27	4	85-95	2	A+ / A	B	Standard	Medium	All A levels	61-80 (Safe)
28	3	65-80	3	B++	C		High	All BBB levels	41-60 (Borderline Safe)
29	2	40-60	4	B+	D	Poor	Very High		21-40 (Unsafe)
30	1	10-35		B
31	0	5	5	<B	F		Extreme	<BBB-	0-20 (very Unsafe)
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33	Points USA/CAN DGI	M* Economic Moat
34	15	Wide
35	12	Narrow
36	6	None
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38	Overall Score - USA/CAN Dividend Growth Investing: (*)			(*) Prorations are made when the S&P Credit Rating does not exist
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40	50-49-48-47	Exceptional
41	46-45-44-43-42	Excellent
42	41-40-39-38-37	Fine
43	36-35-34-33-32	Decent
44	31-30-29-28-27	Poor
45	< 27	Inferior
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49	Points USA HG	VL Price Stability	VL Financial Strenght	M* Financial Health	M* Stewardship	M* Fair Value Uncertainty
50	5	100	A++	A	Exemplary	Low
51	4	85-95	A+ / A	B	Standard	Medium
52	3	65-80	B++	C		High
53	2	40-60	B+	D	Poor	Very High
54	1	10-35	B
55	0	5	<B	F		Extreme
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57	Points USA HG	M* Economic Moat
58	15	Wide
59	12	Narrow
60	6	None
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62	Overall Score - USA High Growth:
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64	40-39-38-37-36	Exceptional
65	35-34-33-32	Excellent
66	31-30-29-28	Fine
67	27-26-25-24	Decent
68	23-22-21-20	Poor
69	< 20	Inferior
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73	Points EUR DGI	M* Financial Health	M* Financial Health Score	M* Stewardship	M* Fair Value Uncertainty	S&P Credit Rating
74	5	A	86-100	Exemplary	Low	All AAA and AA levels
75	4	B	76-85	Standard	Medium	All A levels
76	3	C	66-75		High	All BBB levels
77	2	D	50-65	Poor	Very High
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79	0	F	<50		Extreme	<BBB-
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81	Points EUR DGI	M* Economic Moat
82	15	Wide
83	12	Narrow
84	6	None
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86	Overall Score - EUR Dividend Growth Investing: (*)			(*) Prorations are made when the S&P Credit Rating does not exist
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88	35-34-33	Exceptional
89	32-31-30-29	Excellent
90	28-27-26-25	Fine
91	24-23-22-21	Decent
92	20-19-18-17	Poor
93	< 17	Inferior
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97	Points APAC	M* Financial Health	M* Stewardship	M* Fair Value Uncertainty	S&P Credit Rating
98	5	A	Exemplary	Low	AAA and all AA levels
99	4	B	Standard	Medium	All A levels
100	3	C		High	All BBB levels