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3 Reasons It's The Best Time In A Decade To Buy 5.7% Yielding Simon Property

Published Wed, 09 Oct 2019 16:00:46 -0400 on Seeking Alpha

Over at Dividend Kings, which I co-founded with Brad Thomas and Chuck Carnevale, our goal is, in the words of legendary value investor Joel Greenblatt, to "buy above-average companies at below-average valuations."
While we have four model portfolios (Deep Value Blue Chip, High-Yield Blue Chip, Fortress, and $1 Million Retirement), today, I wanted to highlight one of my favorite level 11/11 quality Super SWANs right now, Simon Property Group (SPG).
This happens to be the biggest holding in our Fortress portfolio, which is made up entirely of 11/11 quality companies, representing the best dividend stocks in America.
Today, Simon is the second-highest yielding Super SWAN (behind Enterprise Products Partners), the third most undervalued, and one of my top recommendations for anyone seeking generous, very safe, and steadily rising income, no matter what the economy or stock market does.

(Source: YCharts)
In fact, on a trailing price/cash flow basis, Simon is now trading at its most attractive levels in a decade, making it the best time in 10 years to buy this world-class high-yield blue chip.
So, let's take a look at the three reasons that Super SWAN Simon is a very strong buy right now, with the potential to deliver 12% to 22% CAGR total returns over the next five years.
Reason 1: Generous, Very Safe And Steadily Growing Dividend
The ultimate goal of the Dividend Kings is maximizing safe income over time, which means avoiding "yield traps" like the... Read more