Author: Jason Fieber, Dividends And Income

With limited competition, almost a quarter century of dividend increases, a low payout ratio, a market-beating yield, and the possibility that shares are 21% undervalued, this dividend growth stock should be strongly considered here.

This is a high-quality company that operates as a major player in a global oligopoly. Almost four consecutive decades of dividend increases, a market-beating yield, a reasonable payout ratio, strong underlying growth, and the potential for shares being 11% undervalued could be just the opportunity you need to pick up this high-quality dividend growth stock at an appealing valuation.