Dividend Growth Investor - Recent Investments
Good Morning,
I wanted to let you know that I added to an existing position. I came up with this idea after going through the list of attractive dividend aristocrats for further research, which I sent out to you a few days ago. I had a few dividend dollars sitting in the taxable account, which I decided to reinvest manually in an opportunity with good expected ROI.
You can read more about the list here.
As I have mentioned previously, there three types of dividend growth stocks. The company I am adding to today is in the third group. It has a low current yield, but a high rate of past and expected dividend growth. In addition, I believe that the stock is cheap, and selling below intrinsic value. Ino ther words, it has been sold off mercilessly over the course of the past year. I believe this is an opportunity.
The company is a dividend aristocrat, which has managed to grow dividends for 32 years in a row.