One of the more tried and true business models happens to be “picks & shovels,” which provides all the equipment needed to perform services and manufacture producers. It doesn’t matter who wins, the equipment provider still collects a paycheck. With rising onshoring, infrastructure spending plans and a return to growth in emerging markets, our latest Best Dividend Capture Stocks List pick provides those picks & shovels. Investors have profited too, as evident by its recent 8% boost to its dividend.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
Our pick is one of the largest producers of heavy machinery in the world. Its excavators, bulldozers and other equipment can be found among construction projects both big and small. Without them, modern building and engineering plans simply can’t happen. And with hefty price tags, our pick has been able to profit over the long haul. New forays into the industrial internet of things (IIoT) applications for its machines, repair services and other energy-efficient products have continued to boost margins/sales further.
With rising infrastructure spending and steady demand for its construction equipment, generators and other products, our pick produces plenty of cash flow for its investors. As such, 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 Wednesday, July 19, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 9.4 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest industrial machinery pick could be a lucrative option.
