By: Dividend Sensei
This legendary high-yield blue-chip is beloved by income investors and for good reason. It’s grown its dividend for 21 consecutive years and was recently 60% undervalued.
As a result, despite a 23% rally in recent weeks, it remains 52% undervalued and offering a mouth-watering safe, and growing yield, as well as long-term consensus return potential to make grown men weep with joy.
Basically, this is an anti-bubble blue-chip that’s a classic Warren Buffett style “fat pitch”.