This Company Grew Its Dividend Every Year for 56 Years!
September 7, 2020
In our VIA Club, I tried to introduce all the stocks that I own to you so that you would understand why I ended up investing in some of these stocks. I have managed to discuss at length at some of the more popular companies and those among my top holdings. However, as you know I have quite a long list of holdings and there are still some stocks I have not touched on. Today, I want to talk about one such company, Nordson Corporation (NASDAQ:NDSN), the Dividend King of my portfolio.
NASDAQ : NDSN
Price : USD 186.88 (9th September 2020)
Market Capitalization : USD 10.78 Billion
Price-to-Earnings : 32.67 X
Dividend Yield : 0.82%
Nordson Corporation is less than 2% allocation in my portfolio. But it is one of the few companies in my portfolio which business is very different from the stocks that I normally buy: either technology-related or consumer-related.
56 Years of Consistent Growing Dividend
Nordson is not a household name but rather it is an industrial supplier. It manufactures and supplies the machines and consumables needed for factories to produce a wide range of products. It is also a company with more than 60 years of history. What is amazing about this boring business is that it is a company that has been increasing its dividend consistently over the past 56 years! In the history of the US market, there are only about 15 companies within this elite group of dividend kings.
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Stanley Lim has spent the last decade in the investment industry. Over the course of his career, he has kick-started a few businesses, worked in the family office industry and most recently in the investment advisory industry. He has been a writer and analyst for The Motley Fool Singapore from 2013 to 2017. He has written close to 2000 articles online, on investment education and market analysis. He is the co-writer of the investment book: “Value Investing In Asia”, published in 2018. Stanley is currently the chief editor of Value Invest Asia.