DEO - Diageo: Buying This Recession-Proof 33-Year Dividend Aristocrat At A Decent Valuation
As the general market indices keep on rising, pushing valuations higher, we are looking to buy companies that offer tangible returns, while trading at decent valuations, with resilient business models.
One such company is U.K.-based Diageo (DEO), which boasts 33 years of consecutive dividend increases. The company is one of the world's largest alcoholic beverages seller, owning some of the most iconic brands in the sector.
Source: Diageo
We believe that the company makes for a great buy during the current times of uncertainty, with a business model that is generally recession-proof, as