J Studios
Introduction
As a dividend investor, I have a mix of dividend growers and showers within my portfolio. Although I expect all my holdings to reward me with stable and reliable dividends for the long term, I expect some to do
Casey's General Stores: A Sleeper Dividend Growth Stock Long-Term Investors Should Love
Summary
- Casey's General Stores is a sleeper dividend growth stock with strong fundamentals, outperforming the S&P and offering stable, growing dividends.
- The company has shown exceptional performance in FY2024, with double-digit EPS growth, increased same-store sales, and expanding margins.
- Casey's continues to expand through acquisitions and new market entries, enhancing its footprint and customer base, particularly in Texas and southern states like Alabama, Mississippi, and Florida.
- Despite a higher P/E ratio, Casey's strong performance, low payout ratio, and pristine balance sheet justify a buy rating with 24% upside potential.
- The stock could see some downside, especially if the economy enters into a recession and the market witnesses a sell-off.
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Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran who enjoys dividend investing in quality blue-chip stocks, BDC's, and REITs. I am a buy-and-hold investor who prefers quality over quantity and plans to supplement his retirement income and live off dividends in the next 5-7 years. I aspire to reach and help the hard working, lower and middle class workers build investment portfolios of high quality, dividend-paying companies. I also hope to give investors a new perspective to help them reach financial independence.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CASY over the next 72 hours. 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.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.