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.
Not only is this a world-class chip company that has come into a fair valuation range (it appears to be 12% undervalued), but its business model is one of the most clearly explained that I have ever encountered. In addition, the company has an outstanding dividend record that offers an unusual combination of offering both a fast growth rate with a good yield. On top of all of this, the company gets a high dividend safety score from Simply Safe Dividends.