| | | Re: Young Folk Portfolio ... Buy.
I had some cash left over after all of today's moves and I decided to start a new position in MSA.
MSA is an Aristocrat who has had 50 consecutive years of annual dividend increases. ... MSA has a 1.10% yield with a 5 year dividend growth rate of 6% and a dividend safety rating of 99 according to Simply Safe Dividends.
Although the combined yield and dividend growth rate combine for a low Chowder Number of 7.10 (I prefer 8 as a minimum) I made an exception here because MSA has outperformed the market in the 1, 3, 5, 10 and 20 year time frames. Thus it is a good capital gain candidate as well as having a very safe dividend.
Briefly ... MSA Safety develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, industrial manufacturing applications, utilities, military, and mining industries in North America, Latin America, and internationally.
I purchased 5 shares to open a starter position. |
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