Buy This 6.5% Yielding Dividend Aristocrat Before The Dividend Soars 35%

Posted On December 2, 2022 7:33 am
By: Dividend Sensei

This 6.5% yielding dividend aristocrat’s growth consensus of 10.4% is the highest in 20 years, while the P/E is at the lowest in 20 years.

The last time that happened, the company delivered 30X returns over the next 17 years.

Analysts think by 2024, the dividend could soar by 35%, delivering a nearly 10% yield on today’s cost.

This deep value aristocrat is is 35% undervalued, trading at 8.4X earnings.

It could double in two years, more than triple in five, and management is guiding for 14% to 15% annual long-term returns, just as it’s delivered over the last 37 years.

Analysts think it will deliver closer to 17% annual returns, potentially life-changing returns that will leave you swimming in safe and fast-growing dividends.

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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.