I created my public Dividend Growth Portfolio (DGP) almost 10 years ago to demonstrate real dividend growth investing. I originally intended to terminate the portfolio after 10 years, at the end of May 2018. However, DTA and I have agreed to keep the portfolio going, because it has turned out to be a great teaching and learning tool.
This stock is basically a cash cow, which is why it’s a major position in my personal portfolio. Almost 50 consecutive years of dividend raises, a yield closing in on 4%, a recent dividend increase of over 15%, and the possibility shares are 22% undervalued means this is one of the most compelling long-term opportunities for dividend growth investors in the market today.
With 25 consecutive years of dividend growth, a yield over 5%, the possibility that shares are 7% undervalued, and the ability to collect “monthly rent checks” without having to actually go out and do the hard work typically involved with being a landlord, this is a stock that should be on every dividend growth investor’s radar right now.
This is a high-quality, global, and dominant firm in a niche that should be highly profitable for decades to come. It’s perfectly positioned to take advantage of huge trends in tech, and investors who buy the stock now are looking at a 4%-plus yield, inflation-smashing dividend growth, and the possibility that shares are 37% undervalued.