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Since my previous article, FMCB has rallied 30%. However, the stock remains attractive.
FMCB has an exceptional dividend growth record, with 86 consecutive years of uninterrupted dividend payments and 58 consecutive years of dividend growth.
FMCB has proved extremely resilient to recessions, including the coronavirus crisis, thanks to its exemplary management.
FMCB is trading at a trailing price-to-earnings ratio of only 11.2.