Dolby Labs (DLB)
Today’s Chart of the Week is something new that you may not have heard of before…
Our Young Aristocrats list.
This is an exclusive universe of stocks we’ve built that meet very specific requirements to ultimately become what’s known as “Aristocrat Stocks.”
These are companies which have increased their dividend every year for 25 straight years!
Our young aristocrats have all increased their dividends every year for the last 5-9 years.
And Dolby Labs (DLB) has done so for SIX years straight, with a 51% 5-yr dividend growth rate — which is off the charts.
DLB’s payout ratio is only 28% which is not much, so there’s a ton of upside here.
The speaker company is a midcap stock with $7.5 billion market cap that we believe will continue to grow. That’s why we are long above $73 with a price target to exit at $100.
Til next week, good trading,
Overnight Trades Turn $5,000 into $2.5 million
If you’re tired of struggling to get even average trading results, then grab your free copy of this premium report right now! Plus, you’ll get access to this urgent Overnight Trader webinar briefing.