BUY Conviction3/5 Analysis quality70/100 now
The analyst recommends Casey's General Stores, despite its sub-1% dividend yield, due to its strong annual returns and consistent dividend growth. The company has increased its dividend for 24 consecutive years and has a solid share repurchase program. As the third-largest convenience store chain, it demonstrates strong cash flow and returns, even in a slower-growing industry.
“The sub 1% dividend on shares of Casey's General Stores ticker casy wouldn't normally put it on my watch list for dividend stocks but there are reasons to like this one what the stock lacks and yield makes up for it in returns with a 177% annual return over the last 5 years and 8.2% annual dividend growth.”