Industrial Best Dividend Stock Continues to Impress With 10+ Years of Dividend Growth
America's manufacturing economy has been doing well under Donald Trump's leadership. There's no denying that the typically staid and boring industrial-base has recently gotten a shot in the arm. Pro-growth measures such as corporate tax reform and an expanding economy have benefited pretty much every manufacturer.
And that includes our Best Dividend Stock List's industrial pick. Since adding the stock to our coveted list back in June 2016, investors have continued to realize strong returns and plenty of dividend growth.
But investors should get ready for even more. Thanks to future restructuring plans of spinning off and splitting itself into three separate companies, our leading industrial pick still has plenty of growth in its tank. When the split happens, investors will be left with a major diversified manufacturer as well as two dominant leaders in their respective industries.
For investors, this is a perfect case of subtraction leading to plenty of addition – as in the addition of dividends to their portfolios. Five reasons why you should own this stock:
- Generated more than $4.7 billion in free cash flows this year.
- Produced a 139% five-year total return for shareholders.
- Increased its earnings-per-share by over 50% in the last five years.
- Major spin-off will allow it to focus on more high-growth industries, such as aerospace and the industrial internet of things (IIoT).
- Healthy payout ratio of 42% and growing yield of ~2%.
All data in the table above updated as of 12/14/2017.
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MORE ABOUT THIS STOCK
Trailing 5-Year Dividend Payout History
- Annualized Growth Over The Last 5 Years: 12.3%.
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.
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