The rebounding economy has been a boon to those firms operating in the industrial space. As demand has grown for new products and heavy industry, those providing the “nuts and bolts” of these products have seen their fortunes grow. And that includes the latest prospect on our Best Dividend Capture Stocks List.
Our pick is one of the largest providers of fluid management gear in the world. This includes everything from pneumatic lines in heavy equipment and fracking chemicals management to paint sprayers for homeowners.
Its niche is incredibly lucrative, and our pick has a long history of both profits and dividend payout growth.
It’s no wonder the company is a great dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and selling it after it has recovered the payout. With an ex-dividend date of January 14, our pick is primed for the strategy as evident by its historical track record of recovering within an average of 1.2 days after going ex-dividend. The best part is our pick is bumping up its dividend by more than 10% this week.
For investors looking for a quick total return of income and capital appreciation, our latest industrial pick has the potential to give you what you need.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
