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Over the last six months I have been very picky with new investments, and I have had a hard time pulling the trigger on anything outside of the energy. It doesn’t mean I’m selling everything else, but I still think some
T. Rowe Price: Another Hike For This Dividend Aristocrat
Summary
- T. Rowe Price reported its annual results, which weren't great as 2022 was a rough year for markets.
- The company still had margins over 20% for the year and $1.8B in cash on the balance sheet.
- The valuation is attractive at 14.6x earnings, but I'm hoping for a dip below $100 before adding shares.
- The Dividend Aristocrat gave investors a small dividend hike which puts the yield at 4.3%.
You can find me on Substack at Kontrarian Korner: CPA and former Big 4 auditor. I break down investments in qualitative and quantitative terms, and I look for investments that will compound my money over the long term.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of TROW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
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