Twenty-one months into what we believe will be a long and successful endeavor, here’s what we can say about DTA’s Income Builder Portfolio: So far, so great!
When a company pays a juicy dividend and its stock is trading at an attractive price, it can be hard for a Dividend Growth Investing proponent to resist. Throw in a long history as a high-quality business, as well as the possibility of a most interesting future… and I found this stock to be irresistible, indeed.
It will be the 40th purchase in our Income Builder Portfolio.
I’ll be honest: If someone had told me last Friday that its price would go up 14% before we would buy it three sessions later, I might have selected a different stock this time for the Income Builder Portfolio. But hey, Dividend Growth Investing is a long-term strategy, and the IBP’s primary mission is to build a reliable, ever-increasing income stream through ownership of high-quality companies.