Thanks to a strong economy and post-COVID-19 push, the industrial sector is red hot. And our latest Best Dividend Capture Stocks List pick is a prime example of the opportunities in the sector. With a long history of rewarding shareholders, our pick has managed to see average annual dividend growth of over 10% for the last 20 years!
And the gains could just be getting started. The key is that our pick manufactures products for two of the hottest trends: infrastructure and agriculture. The combination of high-value, high-engineered goods has served our pick well. And now with infrastructure spending rising and commodity prices growing, our pick has managed to see revenues surge and profits rise.
The end result is that our pick is also 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, September 22, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 0.9 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest industrial pick could be a lucrative option.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
