With its good yield, very good quality rankings, and significant 25%-36% undervaluation, I think it’s a very attractive dividend growth investment.
This stock has a strong dividend record and currently appears 12% undervalued. The company boasts strong financials with a “fortress balance sheet”… and it has a solid, future-focused business model that’s focused on both growth and efficiency. On top of all this, it has a wide moat rating from Morningstar, a high Safety rating from Value Line, and a solid A- credit rating from S&P. In my opinion, the stock seems like a very attractive dividend growth prospect right now.
I review my portfolios periodically, including my Dividend Growth Portfolio that is presented each month on Daily Trade Alert. In a recent review, I discovered that the following popular dividend growth stocks are way overvalued now. My suggestion would be not to buy any of these stocks at their current prices.