In my opinion, at its current pricing, this stock — which appears 19% undervalued right now — is an attractive opportunity to obtain a solid, investment-grade company, with a good 4.1% yield, 49-year record of increasing its dividend every year, and high dividend safety.
If you have room in your portfolio for a mid-yield, fast-growth dividend company, it’s certainly worth a look.
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.
It’s an extremely high-quality company with a 3.8% yield, a high degree of dividend safety and double-digit undervaluation. In short, this stock is an attractive dividend growth investment right now.
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.
With its high yield, steadily increasing dividend approaching Dividend Champion status, and double-digit undervaluation, this stock looks like an attractive dividend growth investment.