11-01-2014, 06:36 AM
Morningstar's DividendInvestor has a fair value estimate of $44 a share on UL.
It is undervalued, according to that estimate. They also forecast a 7% annual dividend growth rate over the next 5 years. Of course, currency fluctuations will determine how that translates into US$.
I own it, having bought it at about this level back in September.
It is undervalued, according to that estimate. They also forecast a 7% annual dividend growth rate over the next 5 years. Of course, currency fluctuations will determine how that translates into US$.
I own it, having bought it at about this level back in September.