Energy efficiency remains the low-hanging fruit when it comes to the world’s demand for power. While producers struggle to fill supplies of both fossil and renewable energy, using less energy overall is a smart and easy solution to the planet’s demand. That fact has helped drive our latest Best Dividend Capture Pick’s results for decades!
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
Our new selection is a major producer of various building materials used to reduce energy needs and overall costs in a building. While insulation and various foams may not seem like a growth element, the truth is our pick has continued to find plenty of growth in the current environment. As energy expenses have soared, commercial buildings and homeowners have sought ways to reduce their costs. Low-cost insulation is an easy solution. This has helped strengthen our pick’s cash flows and dividend prowess.
Moreover, growth is only getting started. New infrastructure plans, net-zero goals, and LEED certification requirements are adding demand for our pick’s products as governments provide subsidies and building holders take advantage of client demands. Meanwhile, higher mortgage rates are preventing many people from moving to new homes. This has boosted demand in the home renovation market. All in all, the combination has made our pick’s boring’ products very exciting indeed.
This is wonderful for dividend investors and builds upon our pick’s eight years’ worth of consecutive dividend increases. With that, our pick makes for a great dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and then selling it after it has recovered the payout. With an ex-dividend date of Friday, October 13, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 2.1 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest building material pick could be a lucrative option.
