Our Latest High Dividend Growth Pick — Quietly Trading Near 5-Year Lows

This unloved FTSE stock offers a 10% yield, strong fundamentals, and a deep discount to NAV.

Dear reader,

This week we take a deep dive into one stock i have added to our High Dividend Growth Portfolio.

We have built this portfolio to be a disciplined, valuation conscious and dividend paying strategy. Its focuses exclusively on FTSE 350 companies that are trading at lows either 1 or 5 yrs- an initial signal that sentiment may have turned overly negative. Each company must also demonstrate robust underlying financials: strong balance sheets, healthy cash flows, and a sustainable dividend policy.

One recent success story- We sold Halfords Group for a 35% profit—a great example of what patience and fundamentals-driven investing can achieve.

Currently trading at near 5 year lows, paying a 10.44% dividend with steady dividend growth YoY this stock also has strong fundamentals and is currently doing a share buy back. The UK government has announced an increase in spending in this sector ( Major clue), as the UK aims for net zero.

• Share price: ~76p (price at time of recommendation to premium subscribers)

• Discount to NAV: -31.18% (at time of writing)

• Dividend yield: 10.44% (Paid Quarterly)

• NAV per share: 111p

Check out my below deep dive on FTSE 250 Investment trust.