By: Dividend Sensei
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.