Dividend Growth Investment for September 15th, 2025

Good Morning,

I wanted to let you know that I added to an existing position this morning. The company is a dividend king, which has managed to increase dividends for 50 years in a row. The company has managed to grow dividends at an annualized rate of 11.10% over the past five years as well.

Right now it is selling at a little over 26 times forward earnings, yields 2.10% and has an adequately covered dividend (as judged by the forward payout ratio that is below 60%).

I like the relative stability and growth potential in this company.