2024-06-25 09:54:28 ET
Summary
- Artesian Resources is a Dividend Champion that doesn’t get a lot of attention.
- The relatively positive resolution of its Delaware rate case means that solid growth should lie ahead for the foreseeable future.
- ARTNA's interest coverage ratio improved to 3 in the first quarter.
- The water utility's shares could be trading at a 16% discount to fair value.
- ARTNA could be positioned to deliver 27% cumulative total returns by the end of 2025.
One of the most interesting things about the dividend growth stock universe is that it features such a wide variety of stocks. These stocks range from small-cap to mega-cap, and everything in between. This serves as a reminder that quality dividend growth stocks come in all shapes and sizes.
One of the most distinguished classes of dividend growth stocks is the Dividend Champions list. These are businesses with at least 25 consecutive years of dividend hikes. Unlike the Dividend Aristocrats, which require 25 consecutive years of dividend growth and status as an S&P 500 index ( SP500 ) component, making the cut to be a Dividend Champion doesn't require S&P 500 membership....
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Artesian Resources: An Under-The-Radar Dividend Champion To Buy Now