This week, three of the portfolio holdings ranked in the Top Ten: GRC, PPG, and SJW.
| Ticker | Account Value |
| GRC | 2,860.50 |
| PPG | 3,170.16 |
| SJW | 3,318.21 |
The lowest amount belongs to GRC which last traded at $38.14. Therefore, I will acquire 7 shares of GRC on Monday. Below, is the purchase history and average cost calculation.
There has been an earnings announcement since the last time GRC received Dividend King of the Week honors. Let’s take a look at the recent performance in the context of the past 16 years.
Observations
- There was a special dividend of $2.00 in 2018Q4.
- CY2024 EPS of $1.75 was a record for GRC, topping the previous record of $1.72 in CY2018.
- In May of 2022, GRC completed its acquisition of Fill-Rite (and Fill-Rite’s Sotera brand as well), the largest acquisition in its history. This dampened earnings in 2022, but those days are clearly over.
Based on historical valuations, GRC appears to be a bit undervalued.