Dividend Growth Investments for August 5th
Good Morning,
I am seeing a lot of sales these days, which is good if you are someone who is looking to buy stocks for the long run at cheaper prices. Sadly, I only have so much capital to deploy each month.
I wanted to let you know that I added to one existing position this morning. The company met my initial screen of growing dividends for at least a decade, while also having high dividend growth over the past decade. The company also managed to grow earnings per share over the past decade. It's finally selling at a decent valuation. Unfortunately, this company is rarely available for sale at a low multiple. I view a multiple of 25 times forward earnings as a fair price.
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