Industrial & Electrical Best Dividend Stock Shines With 9% Gain
After years of stalling, the global economy is starting to grind forward in a meaningful way. For our Best Dividend Stocks List pick in industrial and electrical manufacturing, this has been a major boon. Since adding our pick back in December, the stock has gone on to produce an 8.78% gain for investors – enough to turn a $10,000 investment into $10,878.
Driving that hefty total return has been the firm's extensive moat serving multiple industries, including aerospace, transportation, electrical utility/grid and even the golf industry. Add in a lucrative tax-inversion done at the right time, as well as a boost from President Trump, and our pick has the goods to keep going in the future as the world's economy expands.
Five reasons why you should own this stock:
- Expanding product portfolio that taps into a variety of mega-trends such as population growth, energy efficiency and automation.
- Low corporate tax rate versus rivals, thanks to its well-timed tax-inversion.
- Recorded total revenues of close to $20 billion in 2016, with about half of those coming from outside the U.S.
- Has been paying consistent quarterly dividends since 1923.
- Healthy payout ratio of 52% and growing yield of 3.29%.
All data in table above updated as of 08/09/2017 UPGRADE TO UNLOCK THIS STOCK!
MORE ABOUT THIS STOCK
Trailing 5-Year Dividend Payout History
- Annualized Growth Over The Last 5 Years: 13.9%.
As a dividend investor, you need access to the best and safest stocks on 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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