Dividend Growth Investor - Recent Investment for June 6th

Good Afternoon,

I wanted to let you know that I just initiated a position in a new company. I took advantage of the dip in the shares to initiate a position in this business. I believe that this quality company has a moat, a portfolio of strong brand names and has durable competitive advantages. 

It is a dividend aristocrat with a 40 year track record of annual dividend increases under its belt. The stock sells for 22.90 times forward earnings and yields 2%. It has a ten year annualized dividend growth rate of 6.90%.