Author: Brad Thomas, Wide Moat Research

It offers a decent and sustainable yield with the potential for both dividend growth and capital appreciation.

It’s a quality name with durable competitive advantages, attractive growth opportunities and a strong balance sheet.

Its strong balance sheet, durable competitive advantages, earnings growth, disciplined capital allocation, dependable cash flow, and dividend growth all indicate how much it can still achieve.

Thanks to its combination of: continued dividend growth, strong capital generation, share repurchases, a reasonable valuation, and a 2.4% yield.

It stands out among its peers thanks to its luxury brand and balance sheet.