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%
I only own less than 2% of Nordson Corporation 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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