British dividend aristocrat Spirax-Sarco (OTCPK:SPXSF) is an engineering company with one of the most consistent dividend records of any company listed on the London stock market. My investment thesis is that the dividend streak will continue, but
Spirax-Sarco: Priced For Perfection
Summary
- Engineering group Spirax-Sarco continues to perform strongly and has raised its 2021 outlook.
- With over half a century of dividend raises and the likelihood of continued annual dividend hikes, many income investors like it.
- But the yield is very small, and valuation hard to justify in my view.
I am a private investor based in the United Kingdom and most interested in equities in the U.K., U.S., Canada and Norway.
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