Author: Jason Fieber, Dividends And Income

This company has made shareholders rich over the long haul, and it’s positioned to do well for many years to come. It offers an attractive dividend, 21 years of dividend increases, double-digit dividend growth and a sustainable payout ratio. On top of all of this, shares appear 21% undervalued right now.

This is a prototypical dividend growth stock that has all of the ingredients that any dividend growth investor should want to see: decades of dividend increases, a high yield, double-digit dividend growth, a manageable payout ratio, a responsible balance sheet, huge margins, incredible pricing power, brand recognition, and solid overall business growth. On top of all of this, the stock is potentially 25% undervalued. Dividend growth investors would be wise to think about stocking up on shares right now.