With a strong balance sheet, sound fundamentals, and a safe dividend, it’s been a worthwhile holding for the IBP since June 2020, and I’m bullish on its future, too.
It’s an industry leader and a high quality stock with four-plus decades of consistent dividend growth — the kind of stock we want in our Income Builder Portfolio.
By definition, neither is a “defensive” company, but both have defensive characteristics. Regardless of how they’re labeled, I’m happy to add more shares of these high-quality companies to the Income Builder Portfolio.
I’m confident that I’ve reallocated the money to companies that will help us reach our income goals, all while improving the Income Builder Portfolio’s overall strength and total return.
Compared to the competition, I feel it offers the best combination of proven quality, future prospects and dividend yield, dividend safety and dividend growth.