By: Dividend Sensei
This 8.5% yielding dividend aristocrat historically does its annual dividend hike on the 4th Thursday or Friday of August, the 25th or 26th this year, when analysts expect a 6% hike resulting in a 8.5% yield.
This legendary dividend king is 33% historically undervalued, trading at 8.6X cash-adjusted earnings.
It could double in the next 2.5 years, and deliver 17% annual returns over the next five years, 3X better than the S&P 500.
It’s a wonderful company at a wonderful price, and you want to buy it before everyone will.