Introduction
In today’s uncertain investing world, I believe it is extremely important to first and foremost focus on safety and quality. Since my primary investment focus is now on dividends and dividend growth, safety to me is primarily about valuation along with dividend coverage and predictability. Most long-term followers of mine know me as Mr. Valuation, and as a result, they also know that I believe that attractive valuation is one of the best risk mitigators at the prudent investor’s disposal.
As it relates to dividends and dividend safety, a strong balance sheet (cash on