3 S&P 500 Dividend Growers at a Discount

I recently touched base on three of my favorite dividend payers in the $S&P 500 Index (.SPX.US)$ in $FedEx (FDX.US)$ , $Old Dominion Freight Line (ODFL.US)$ , and $Lowe's Companies (LOW.US)$.

- $FedEx (FDX.US)$ - 10x earnings using average historical profit margin (10 years) -- cost-cutting should ensure the stability of these margins and generate enough EPS growth to outpace its no-growth valuation.

- $Old Dominion Freight Line (ODFL.US)$ - It's everything FedEx isn't. Not the largest in less-than-truckload hauling, but it is the best-in-class operator. ODFL thrives in challenging economic conditions and has reaffirmed this lately.

- $Lowe's Companies (LOW.US)$ - Nothing groundbreaking here -- DIY and Pro sales balance offer stability regardless of whether homeowners stay in their current house or buy new ones. High and rising ROIC, dividends per share up and to the right, and shares outstanding down and to the right -- a beautiful trio.