It’s an intriguing candidate for a dividend-growth investor buying for the long term.
This stock – which has increased its dividend every year since it began paying one – yields 3.1% and has a strong dividend safety rating. It’s a high-quality company with an AA- credit rating, a top ValueLine safety rating and very good financials. On top of all this, shares appear fairly valued at current prices. I already own the stock, and I consider it to be in the running for my next dividend reinvestment in January.