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.