As a Dividend Growth Investor, my investable universe is the group of companies that have managed to increase annual dividends for at least 10 years in a row.
Once I have my investable universe of 500 or so companies, I spend some time narrowing the list down, here’s what I look for…
For a while now, I’ve scoured my lists, and ended up with a few companies for research, that seem like great businesses to own. These companies have every characteristic that would qualify them as a quality business. They have the moats, the competitive advantages, the dominant position in their niche, the growth in earnings per share, the high return on investment, etc etc.
Unfortunately, once I get to the valuation part, I end up having to put them on hold and not buy them. Here’s Why
This post originally appeared at Dividend Growth Investor.