Size matters – at least when it comes to dominating a niche. If you can grow big enough and crush the competition, you can have an industry all to yourself. And if you do it early on when the industry is growing, you can have decades’ worth of steady profits. Our latest pick for our Best Consumer Discretionary Dividend List is a prime example of that.
A leading distributor of nuts, bolts and other products for the automotive and industrial sectors, our pick’s huge scale gives it a commanding presence. Even better is that these items are often need-it-now items and not available via online shopping. With its huge network of locations and services, our pick continues to be a leader in its sector.
This has driven cash flows for decades, and our pick has been sharing that with its investors. Our pick features one of the largest streaks of dividend growth in the entire market at 60+ years. With new growth avenues now in the tank, our pick has a long runway to keep those dividends going.
You can check out the Best Consumer Discretionary Dividend List to explore all the stocks.
