
This 8%-Yielding Dividend Aristocrat Retirement Dream Keeps Delivering
Posted On February 9, 2023 8:01 am
By: Dividend Sensei
By: Dividend Sensei
Dividend aristocrats and kings are the most dependable income growth assets in history, and this 8% yielding blue-chip is the king of them all.
In the last 90 years, it’s turned $1 into $173,000 adjusted for inflation, the best-performing stock in history.
This dividend legend continues to deliver where it counts, with management guiding for 10% better growth than expected, sending long-term growth estimates up 10% as well.
This dividend king is trading at 8.5X cash-adjusted earnings, a 33% historical discount.
That means a 56% upside to fair value and potentially 13% to 14% Nasdaq-beating long-term returns.
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