Recent Investment for January 6, 2025

Good Morning,

I wanted to let you know that I just initiated a new position in my taxable accounts.

The company is a dividend king, with a 61 year track record of annual dividend increases under its belt.

Over the past decade, it has managed to grow distributions at an annualized rate of 14.70%. The last dividend increase was also 14.70%,

The stock seems fairly valued at 20.70 times forward earnings and yields 1.50%. I believe that this company could grow dividends at a decent clip in the future, and potentially generate high yields on cost.

I would likely continue building my position in this company over the course of 2025, subject to availability of funds and valuations.