With great fundamentals, a 4% yield, a low payout ratio, a clear commitment to dividend growth, and the potential that shares are 31% undervalued, dividend growth investors should absolutely have this stock on their radar.
I own hundreds of shares of this stock in my personal portfolio, and I have confidence that it will be a fine performer over the years for the Income Builder Portfolio.
This is a high-quality company that’s diversified across almost every industry, end market, and country in the world. With 61 consecutive years of dividend raises, a 3.5%+ yield, and the potential that shares are 22% undervalued, this is a rare moment in which this prototypical dividend growth stock appears to be on sale. Dividend growth investors should take a strong look at this stock here.
This company’s stock valuation is in rare territory right now, due to what I consider a market over-reaction. For dividend growth investors, the stock is seldom available at such a high yield as 3.5%, and its dividend seems to be very safe and sound.
With fantastic fundamentals, a yield of over 3.5%, a moderate payout ratio, almost 15 consecutive years of dividend raises, and the potential that shares are 21% undervalued, long-term dividend growth investors would be wise to look closely at this stock right now.
There are many reasons I selected this stock for the IBP… and the generous, growing dividend is high on the list.
It’s the second time this year I’ve purchased it.
I also had three sales. The DGP is now better-balanced, better-valued, and higher-yielding. Hopefully, that means it will perform better in relation to its main goal, which is to build a reliable, steadily increasing dividend stream over many years.
With a 6%+ yield, almost 50 consecutive years of dividend raises, an on-target payout ratio, and the potential that shares are 32% undervalued, this high-yield stock should absolutely be on every dividend growth investor’s radar right now.
It will the 34th purchase in our Income Builder Portfolio.
