Fastenal: A Great Dividend Stock But Rich Valuation (NASDAQ:FAST)
I’ve written about investing on Seeking Alpha since 2015 and Sure Dividend since 2018. I primarily focus on owning stocks of companies that have demonstrated a long history of dividend growth. These types of companies have proven successful at increasing their dividends during several recessions, a sign that their business models are strong enough to withstand economic downturns. We are long: Energy: CVX Financial: JPM AFL MA V TDIndustrials: LMT MMM HON CMI GD RTX CAT SWK UPSTeleco: T VZConsumer Staples: KO PG GIS PEP MKC DG COST ULConsumer Discretionary: SBUX DIS NKE TGT VFC MCD HD LOWTech: MSFT APPL CSCO ADP GOOGLHealthcare: ABBV ABT JNJ CVS SYK PFE AMGN REITs: O WPCUtilities: D SO NEE DUKCEF: BME ETV
Analyst Disclosure: I/We have no stock, options or similar derivative positions in any of the companies mentioned and do not plan to enter into any such positions within the next 72 hours. This article was written by me and expresses my opinions. I receive no compensation for this (other than Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking release of alpha: Past performance is no guarantee of future results. No recommendations or advice are given as to which investments are suitable for any particular investor. The views or opinions expressed above do not necessarily reflect the views or opinions of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker, U.S. investment advisor, or investment bank. Our analysts are third-party authors, including both professional investors and individual investors who are not licensed or certified by any institution or regulator.
