Companies that have cult-like customers are a rare bird in the market. But finding those firms can mean years’ worth of steady cash flow and dividends for investors. Case in point, our last Best Consumer Discretionary Stocks Dividend List pick. Its customer base swears by its products and continues to support the firm via rising sales – much to the enjoyment of its dividend investors. With over a decade of rising dividends, our pick makes a powerful play!
Our pick is a producer of tools, but not just wrenches for weekend warriors and DIY aficionados. We’re talking about serious tools for industrial applications. Because of this specialized nature, our pick’s products come with much higher price tags than those found at your local home improvement store. Moreover, a dedicated sales network and corporate demand for its products help reduce distribution costs for our pick.
And there’s growth to be had as well. Our pick has continued to move into digital applications and software. This has included products for hybrid and electric vehicles. With the shift towards these modes of transportation, our pick will be able to pivot its cult-like customer base into new avenues.
All in all, our pick combines the best of the industrial and consumer discretionary sectors.
In addition to increasing our exposure to the industrial pick, we’ve also increased our positions in a home improvement retailer, after-life specialist, and quick-service restaurant firm. To make room for this increased exposure, we have removed a warehouse specialist and rural retailer.
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
