Recent Dividend Growth Investment - April 12, 2024
Good Afternoon,
I wanted to let you know that I initiated a new position in a new company. I've been observing it for a while, and decided to start a new position today. This is likely the last investment I am making for the month of April.
The company has increased dividends since going public in 2005, and has a ten year annualized dividend growth rate of 11%. The stock is selling at roughly 26 times forward earnings and a dividend yield of 1.60%. I would be very excited to add to this position on further dips from here.
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