Couldn't agree more. Aviva (AV) is the best example of such a company in my portfolio: it currently has a 7% dividend yield, bought back around 3% of the stock each of the last two years (with a policy to continue doing so on a regular basis), and is growing the cash cost of the dividend by mid to high single digits each year.
What makes it sweeter is that I bought the shares during the pandemic when they were forced by government mandate to suspend the dividend, and traded below £3 per share. The yield on my average cost basis is therefore nicely in the double digits.
Couldn't agree more. Aviva (AV) is the best example of such a company in my portfolio: it currently has a 7% dividend yield, bought back around 3% of the stock each of the last two years (with a policy to continue doing so on a regular basis), and is growing the cash cost of the dividend by mid to high single digits each year.
What makes it sweeter is that I bought the shares during the pandemic when they were forced by government mandate to suspend the dividend, and traded below £3 per share. The yield on my average cost basis is therefore nicely in the double digits.
Wow, high yield too. Looks pretty cheap too