Catalin Ghita
Hello everyone! I've added Automatic Data Processing $ADP (Automatic Data Processing Inc) stock to our dividend growth portofolio. They've recently raised their dividend by 12% in November and have a 5 year DGR of 14% per year, which is huge! What's amazing about this stock is that its dividend growth is very sustainable, having a forward earnings payout ratio of 60% and a forward free cash flow payout ratio of 45%. With a high annual revenue, earnings and free cash flow growth, $ADP is set for great returns in the future. They also buyback shares and have low debt levels. I consider that it's a great addition to the portofolio and I will continue adding to it in the future. Your remarks on $ADP stock and on my portofolio are always welcome! Have a great evening! $VOO (Vanguard S&P 500 ETF) $SCHD (Schwab US Dividend Equity ETF)
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