Regional Bank With 30% Return Replaced by Industrial Manufacturing Company on Best Dividend Stocks List Dividend.com added an industrial manufacturing company to its Best Dividend Stocks list and removed a regional bank. This industrial firm has a wide moat serving multiple industries, including aerospace, transportation, electrical utility/grid and, even, the golf industry. Founded back in 1911 to produce the world’s first internal-gear truck axle, the stock has undergone a series of transformative deals throughout its history. The latest of which has been a cost-savings tax inversion, which has made it one of the world’s largest suppliers of electrical and power equipment. The company has paid steady or increasing dividends for 33 consecutive years. More importantly, management has rewarded investors by upping its payout a whopping 715% over that time. Recently, the election of Donald Trump has given new life to the industrial firm. Trump’s policy direction toward two of these stocks’ main markets – aerospace & defense and infrastructure – will provide a catalyst for higher earnings and dividends down the road. 5 Reasons Why You Should Own This Stock: - The company has a 33 consecutive-year history of paying steady or increasing dividends.
- Profitable tax-inversion.
- Its huge, diversified moat of products.
- A big winner from President-elect Donald Trump’s policies toward infrastructure and defense.
- Low payout ratio of 54% and high yield of 3.21%.
| Stock Symbol | Unlock | | Price Recommended | Unlock | | Company Name | Unlock | | Date Recommended | 12/14/2016 | | DARS Rating | 3.9 | | Ex-Div Date | Unlock | | Current Yield | 3.18% | | Pay Date | Unlock | All data in table above updated as of 04/11/2017. UPGRADE TO UNLOCK THIS STOCK! MORE ABOUT THIS STOCK Trailing 5-Year Dividend Payout History - Annualized Growth Over Last 5 Years: 13.9%.
As a dividend investor, you need access to the best and safest stocks in the market. Dividend.com’s DARS ratings have been providing you with reliable and profitable stock analysis since 2008, and this addition is no exception. UPGRADE TO UNLOCK THIS STOCK! |
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