Author: Brad Thomas, Wide Moat Research

It’s just one of the names in our model portfolio at Intelligent Income Investor. And even though we’re up 56% on it since recommending it in 2020, it’s still trading below our buy-up-to price.

The company has raised its dividend 25 years in a row. It’s been through the Great Recession… and the pandemic… and everything else in between while reliably increasing income for its shareholders every year.

The last time the company was this cheap, shares rallied by 54% over the next 18 months.

The company’s business model is not only sustainable over the long term, but it’s positioned for exponential growth.

The company pays a dividend every month like clockwork, it raises its dividend four times a year, and it has kept its dividend growing for 30 years. On top of all this, shares currently trade at a 14% discount to its historical average.