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Automatic Data Processing: Buy Dividend Aristocrat With Strong Product Improvement

Published Fri, 16 Aug 2019 09:07:50 -0400 on Seeking Alpha

Automatic Data Processing (ADP) is a "Buy" for the total return and the dividend growth investor. It is one of the largest human resources products and services companies in the world. ADP is a conservative investment for the income investor who also wants good growth potential with the growing world economies and population.

Automatic Data Processing is 6.64% of The Good Business Portfolio, a full position. The company has steady growth and has the cash it uses to increase the dividends each year. As the interest rates decrease, the earnings of ADP are also decreased from the payroll float, but increased capabilities of its products and services more than make up for this decrease.
I use a set of guidelines that I codified over the last few years to review the companies in The Good Business Portfolio (my portfolio) and other companies that I am reviewing. For a complete set of the guidelines, please see my article, "The Good Business Portfolio: Update to Guidelines, August 2018". These guidelines provide me with a balanced portfolio of income, defensive, total return, and growing companies that hopefully keeps me ahead of the Dow average.
Automatic Data Processing is reviewed in the following topics below:
The Good Business Portfolio Fundamentals Last Quarter's Earnings Company Business Conclusions Portfolio Management Highlights When I scanned the five-year chart, Automatic Data Processing has a great chart going up and to the right in a steady, strong slope... Read more

Stock name Last trade   P/E Earnings/Share Dividend/Share Dividend yield
EATON VANCE ENHANCED EQUITY INCOME FUND II 16.99   0.0 0.00 0.00 7.02
OMEGA HEALTHCARE INVESTORS 41.16   32.4 1.27 2.64 6.57
JOHNSON & JOHNSON 130.43   21.6 6.03 3.80 2.93
HOME DEPOT 233.80   23.3 10.04 5.44 2.33
BOEING 375.63   44.0 8.54 8.22 2.22

EATON VANCE ENHANCED EQUITY INCOME FUND II - EOS
EATON VANCE ENHANCED EQUITY INCOME FUND II - EOS  


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