Recent Investment for October 8, 2024

I wanted to let you know that I just added to a position I initiated earlier this year. I took advantage of the dip in the shares to initiate a position in this business. I believe that this quality company has a moat, a portfolio of strong brand names and has durable competitive advantages. 

It is a dividend aristocrat with a 40 year track record of annual dividend increases under its belt. The stock sells for 25 times forward earnings and yields 1.92%. It has a ten year annualized dividend growth rate of 6.90%.