This 8% Yielding Dividend Aristocrat Could Potentially Double In 3 Years

This 8% Yielding Dividend Aristocrat Could Potentially Double In 3 Years

Posted On June 17, 2022 11:44 am

The 2022 bear market is the 2nd worst start to the year in history and is starting to take its toll on even the world’s best defensive blue-chips.

This 8% yielding dividend aristocrat recently plunged 17% over the same risk factors that investors have known about for years.

The company’s fundamental growth outlook remains unchanged, with 5.4% growth expected to be driven by new product launches, cost-cutting, and buybacks.

Analysts expect it to hike its dividend about 7% in August, creating a potential 8.5% yield and 14% long-term return potential, which could help you retire in safety and splendor.

This legendary dividend king is trading at a 33% historical discount, with an anti-bubble 8.5X cash-adjusted PE, and the potential to double in the next three years alone.

For anyone comfortable with its risk profile, this 8% yielding dividend aristocrat is a table-pounding potential great buy.

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About author

Dividend Sensei

I'm an Army veteran and former energy dividend writer for The Motley Fool. I'm a proud co-founder of Wide Moat Research, Dividend Kings, and the Intelligent Dividend Investor. My work can be found on Seeking Alpha, Dividend Kings, iREIT, and the Intelligent Dividend Investor. My goal is to help all people learn how to harness the awesome power of dividend growth investing to achieve their financial dreams and enrich their lives. With 24 years of investing experience, I've learned what works and more importantly, what doesn't, when it comes to building long-term wealth and income streams and achieving long-term financial goals.

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