Not only does it have a 4%+ yield, but it also scores a 24 out of 25 possible points on my ‘Quality Snapshot’ grading system.
Here are the most important DGP achievements in 2019: Dividend income grew +10.7%, yield on cost grew to 9.7%, and the total value of the portfolio grew +26%. Keep in mind, this portfolio is not a back-test, model, or hypothetical portfolio. It’s real. And as a conservative dividend growth investor, I intend to maintain my focus on running a well-rounded stock portfolio that generates reliable, growing income at a faster rate than most common income sources.
This stock – which has increased its dividend every year since it began paying one – yields 3.1% and has a strong dividend safety rating. It’s a high-quality company with an AA- credit rating, a top ValueLine safety rating and very good financials. On top of all this, shares appear fairly valued at current prices. I already own the stock, and I consider it to be in the running for my next dividend reinvestment in January.