You can keep it in your portfolio for years, riding the upswings and holding strong during the downswings. In fact, even if the market loses its momentum, this pick would still be one of the rare “buys” out there… and it could even come out stronger for it.
It’s a simple, boring business, and its time-tested operation, well-known brand, economies of scale, defensive profile, and dependable cash flow generation make it a reliable dividend aristocrat. All things considered, it seems likely to remain an appealing long-term investment for conservative investors seeking sources of safe dividend income.
It offers you the best of both worlds. First, it gives you a solid, reliable dividend — one that’s both 20% higher than industry average, and that’s just been raised 20%. On top of that, it’s poised for a big rise in share price, because by at least one metric, it’s trading at a 77% discount to its peers.