Author: Jason Fieber, Dividends And Income

This is a high-quality company with durable competitive advantages. With an exciting upcoming spin-off, a yield more than twice as high as the S&P 500, a modest payout ratio, strong dividend growth, and the potential that shares are 6% undervalued, this looks like a relatively attractive stock in an otherwise elevated market.

It boasts a market-beating yield, double-digit dividend growth, a very low payout ratio, and almost 30 consecutive years of dividend raises. On top of that, shares are potentially 11% undervalued making this a name that dividend growth investors should carefully consider right now.