Dividend Growth Investor - Recent Investment for July 1, 2026

Good Morning,

I wanted to let you know that I initiated a new position. The company is a dividend achiever that has managed to increase dividends for 15 years in a row, a 5 year annualized dividend growth rate of 15%, forward P/E of 11 and a dividend yield of 1.80%.

Many software type companies have been sold off on AI fears, then slowdowns etc. The million dollar question is whether the market is correctly anticipating future disruptions to these businesses, and discounting them, even if financials are still strong OR if Mr Market is just overly fearful and just throwing the baby with the bathwater.

Now, each specific company comes with its own unique risks/opportunities. They are lumped together into the “software is being eaten by AI”. But if I start to think about it, I see AI as something that cuts their expenses on the labor side and helps them improve existing products/services, rather than being eaten alive by AI. I doubt consumers will go and just vibe-code their own Tax submission software to file taxes for example (or vibe code their accounting software). If they had the expertise to do so, they’d have already done it pre-AI. Now, there could be more competition, but that’s always been the case too for everything.