While COVID-19 may be in the rearview mirror, some of the pandemic’s points are still sticking around. This includes hygiene and infection prevention. Businesses, governments and other enterprises are still spending big bucks to prevent future outbreaks. For our newest Best Dividend Capture Stocks List pick this has been manna from heaven, boosting its profits and cash flow.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
Our pick is a major provider of various environmental solutions for cleanliness, hygiene and sterilization, including everything from simple restroom supplies to more advanced water treatment products. And its customer base is equally as vast, with schools, restaurants, hospitals and industrial manufacturers captured. The end result is a steady base of revenue from a variety of end-users.
The win is that many of its customers are on long-term contracts and will require our pick’s various solutions indefinitely. As such, our pick remains a cash cow for its investors and our selection 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 Thursday, June 15, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of five days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest environmental services pick could be a lucrative option.
