1. A list of high-quality dividend-growth stocks near 52-week lows is analyzed using historical and future valuation metrics; 2. Alphabet (GOOG) is highlighted for its robust financials, attractive valuation, and growth potential despite risks like AI competition and regulatory scrutiny; 3. Other undervalued dividend growth stocks include UPS, Merck, Pfizer, UnitedHealth Group, and Chevron, among others.