CA - Mastercard: Buying More Of This Superb Dividend Growth Stock
2024-06-20 07:10:00 ET
Summary
- Mastercard is a core holding within my dividend growth portfolio.
- The payment processor topped the analyst consensus for net revenue and adjusted diluted EPS for the first quarter.
- Mastercard's profitability and minimal debt load make it a financial fortress.
- Shares of the payment processor could be priced 12% below fair value.
- Mastercard could be poised for 45% cumulative total returns by the end of 2026.
As part of my dividend growth investing strategy, there are plenty of factors that I take into consideration. Robust business models, rapid growth prospects, exceptional balance sheets, and proven dividend growth track records are all factors that I like to see from prospective investments.
It is relatively rare, however, to find businesses that can check off all of these boxes. That is why I dare to say that any company that can do so earns the designation of being a world-beater....
Mastercard: Buying More Of This Superb Dividend Growth Stock