Good Afternoon,
I wanted to let you know that I just bought another quality dividend growth company a few minutes ago. It is a dividend achiever with a 15-year track record of annual dividend increases. Over the past decade, it has managed to grow dividends at an annualized rate of 7.2%. It recently increased its dividend once again by 8.9%. The shares look sensibly priced based on our valuation metrics.
As a long-term investor, I look for quality companies that grow earnings and dividends, and try to acquire them at a good price. Afterwards, the goal is to sit back and let the power of compounding do the heavy lifting for me.
