Not exact matches
Simply stated, I believe it's
extremely difficult to find good value, especially in
high quality
dividend growth stocks, considering today's low interest rate environment.
Returning to Australia... The Australian banks are an excellent group of companies that: (i) are domiciled in a country with very
high GDP per capita with excellent /
extremely consistent economic performance (
high GDP
growth / last recession in 1991); (ii) have mid-teens ROE, near the top globally among developed economies; (iii) retain some of the
highest capital ratios in the world (~ 15 % CET1 ratios, vs. Canadian banks at ~ 11 %); and finally (iv) have very
high and reliable
dividend yields (between 7 - 9 %, generally).
I also follow CINF, and while I love their moderate tilt towards equities in their portfolio, their
extremely slow
dividend growth and sustained
high payout ratio (unlike HGIC's current
high payout ratio which is due to what should be short - term effects) are a problem.
The company ranks very highly using The 8 Rules of
Dividend Investing thanks to its extremely high dividend yield, solid growth rate, fairly low payout ratio, and long dividend
Dividend Investing thanks to its
extremely high dividend yield, solid growth rate, fairly low payout ratio, and long dividend
dividend yield, solid
growth rate, fairly low payout ratio, and long
dividend dividend history.