Recent Investment for October 10th, 2024
Good Morning,
I wanted to let you know that I made a slightly larger than normal investment today. This is in a dividend achiever with a 15 year track record of annual dividend increases under its belt, and a rather large 20% average annual dividend increases over the past five and ten years.
The stock sells for roughly 19 imes earnings and has a low current yield. However, I believe it could generate high yields on cost for patient long-term investors, provided things go right and according to plan.
I made this investment in my taxable account.
Note that I made this investment in a lump-sum, over periodically and over time mostly due to commissions on this particular security.
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