Dividend Growth Investment for October 1st, 2025

Good Morning,

I wanted to let you know that I added to an existing position. The stock seems to be fairly valued, as it has been beaten down this year. At the same time, it looks like the business is expecting to grow earnings and dividends at a decent clip in the foreseeable future as well. However, Mr Market seems to believe that the earnings power of this business is permanently impaired. I believe the odds are Mr Market is over-reacting.

The stock sells for 17.80 times forward earnings and has a dividend yield of 2.65%. The company has managed to grow dividends at an annualized dividend rate of 11.20% over the past decade. It is a dividend achiever with a 20 year track record of consecutive annual dividend increases. In fact, the company raised dividends by 10% just last month.