Good Afternoon,
I wanted to let you know that I just bought another quality dividend growth company a few minutes ago for our MP Wealth-Builder Model Portfolio (USA). It is a dividend achiever with a 24-year track record of annual dividend increases. Over the past decade, it has grown dividends at an annualized rate of 9.0%. 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.
