With its excellent yield, fast growth rate, decent quality rankings, 23-year history of raising its dividends, and double-digit undervaluation, I think it’s an attractive dividend growth investment right now.
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.