AOS - A. O. Smith: Buy This Excellent Dividend Aristocrat On The Next Dip

2024-02-01 07:30:00 ET

Summary

• I appreciate the steady income growth that Dividend Aristocrats provide for my portfolio.
• A. O. Smith's net sales and adjusted EPS moved higher in the fourth quarter.
• The company boasts a net cash position on its balance sheet.
• A. O. Smith appears to be slightly overvalued at the current share price.
• The company may outperform the S&P in the next 10 years, but I would like to see a 10% pullback before upgrading back to a buy.

Since the time I was 12 years old, I took an interest in the stock market. Readers who know me well may already know my story. But for those who are less familiar with me, I was fascinated by the dividend growth investing strategy from the start. The thought of my share of a company's earnings and my passive income via dividends consistently growing was one with which I immediately fell in love....

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