Caution: This Popular Dividend Growth Stock Appears 11% Overvalued
It’s a global juggernaut operating a simple and fantastic business model with one of the best dividend growth track records out there. However, with shares up almost 30% over the last year, the stock is now in what looks like overvalued territory on top of a lower-than-average yield…
This is a high-quality company with strong brands that feature dominant market share. The fundamentals are solid across the board and the dividend is growing at a very appealing rate. And with shares potentially 15% undervalued here on top of a yield that’s much higher than its recent historical average, now appears to be an opportunity to invest in a great business at a great price…
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This could be a rare deal in an otherwise expensive market…
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Not only does this stock have one of the longest dividend growth track records in the world, but it pays an above-average yield right now that’s supported by a modest payout ratio. In addition, shares are potentially 16% undervalued today…
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In addition to the potential discount, you’re getting a very strong 4.0% yield in a low-rate environment, made even more attractive when considering the dividend is only likely to continue growing (supported by profit growth in the mid-single digits)…
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