02-09-2021, 10:41 AM
Started a position in AROW this morning. 3.3% yield, 42% payout ratio, 5yr DGR of 3.7%, 28 years of dividend growth. Its 10-year average P/E is 14.5, which would translate to a share price of $37.62 if it reverts to its average (which would represent a 20% upside from current price).