Current yield is 2.40%, which is lower than my criterion at 3%, which can be improved by waiting for a better entry price.
Annual dividend growth is acceptable at >12% for both 5-year dividend growth and 10-year dividend growth.
Also, CL is a highly leveraged company with Debt/Equity >2.
Disclosure: None. Plan to wait patiently for a reasonable entry price.
You can get a general idea of how successfully the company has been growing by tracking dividend growth rate of at least five year period. It will also give you a good sense of management's attitude toward, and commitment to, the dividend.
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Thanks for the comment. I agree that the dividend growth is attractive, 5-year geometric mean is at 12.67%. However, currently the market price for this company is too high, which make me think twice before any stock purchasing.
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