It turns out that heating and cooling our buildings is one of the biggest energy hogs. And with energy prices surging and staying high, building owners continue to look for more energy-efficient solutions for their structures. For those firms that offer these solutions, it’s a big business. Just ask our latest Best Dividend Capture Pick! Profits continue to surge, while its dividend has grown steadily for over a decade. Its last increase was a 20% bump higher!
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
Our pick doesn’t produce HVAC products, but is a construction, retrofitter, and project manager specializing in heating, cooling, and building automation. The key is that our pick has focused on the commercial and industrial side of the equation. With rising energy costs, many property owners have continued to look for ways to save money on their heating & cooling costs. Moreover, continued subsidies and tax breaks have provided plenty of extra tailwinds for the firm.
And speaking of tailwinds, our pick has plenty. The firm has smartly used M&A to add businesses/regional contractors to its mix. This has expanded its footprint and made it a national player in the growing field. Our pick has another massive tailwind propelling it forward. That’s the growth in data centers. Early on, our pick saw the opportunity in the growing data center market and the surge in energy demand these facilities have. Creating energy-efficient systems for these buildings has quickly become a major revenue driver for our pick.
With surging demand and hefty insider ownership, our pick has quickly become 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, May 10, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 5.8 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest HVAC and building automation play could be a lucrative option.
