Recent Investment for December 8th

Good Morning,

I added to an existing holding this morning. The company is a dividend achiever with an 11 year track record of annual dividend increases. It has managed to grow dividends at an annualized rate of 10%/year over the past decade. Recent dividend growth has slowed down to a 7%/year in the past one and three years however, which is still a good rate of growth.

The stock sells for 10.80 times forward earnings and has a dividend yield of 4%.