While a warehouse may not seem like an exciting place to be, the sector has been on fire in recent quarters as supply chain woes and omnichannel retailing have taken off. This has turned sleepy stocks into growth machines. And that includes our Best Consumer Discretionary Stocks Dividend List pick. The firm was recently able to increase its dividend by another 2.2%! Investors can catch that opportunity before Thursday, October 6, when the stock goes ex-dividend with the increased regular payout of $0.23 per share.
Our pick is one of the largest suppliers of warehouse supplies, including everything from low-tech signs and required safety equipment to more advanced barcode readers to inventory management software. This combination has made the firm a one-stop-shop for retailers, industrial firms and other suppliers when it comes to outfitting their logistics and manufacturing needs.
Meanwhile, growth can be had as our pick continues to develop new products for automated warehouses, last-mile delivery and new safety regulations. This, plus rising demand for additional warehouse capacity, has continued to boost the firm’s top and bottom lines.
In the end, our pick offers a great “pick & shovel” play on the growth of supply chain and online retailing.
In addition to our warehouse pick, we’ve increased our position in an after-life care stock as well as removed a home improvement retailer.
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
