The best dividend stock from Belgium
Dividend Hero with 20+ years of double digit dividend increases
In this new substack post we take a closer look at the best dividend stock from Belgium based on dividend growth, track record and stock market performance. This beauty trades near its all time high at the moment.
First of all some dividend stats for our new Focus Stock from Europe:
2024 dividend hike: +28.9%
2023 dividend hike: +12.5%
2022 dividend hike: +12.7%
2021 dividend hike: +10.9%
2020 dividend hike: +10.3%
2019 dividend hike: +48.7%
The five year CAGR is 14.9% for this food processing company from Belgium that just hit a fresh all time high last Friday after another set of impressive quarterly earnings. Year-to-date the stock price has now gained 30%. Even better, this gain comes on top of double digit gains in each of the previous five years for this company that has a family from Belgium as its biggest shareholder.
The company we are talking about happens to be one of the top ranked European Dividend Heroes for 2024 and operates worldwide as a manufacturer of biscuits and cakes (❤️ next part is availabe only to our paying subscribers, thanks to them for keeping this substack alive! ❤️).