Added to CFR for the first time in a long time this morning. Had been overvalued for a long time. Seems a hair undervalued now, but I always find it difficult to pull the buy trigger on a holding that is still way above my initial purchase price (original CFR purchase was around $60 in 2016 when the shale oil market went bust and regional banks making loans to oilfield services companies took a hit).
26 years of dividend increases, 3.1% yield, 5.4% 5yr DGR, 40% payout ratio, A- credit rating, and 10yr earnings growth rate of 7.4% made the choice for me, though.
26 years of dividend increases, 3.1% yield, 5.4% 5yr DGR, 40% payout ratio, A- credit rating, and 10yr earnings growth rate of 7.4% made the choice for me, though.