The COVID-19 pandemic affected a lot of different sectors of the economy. But one of the biggest changes had to be our supply chain, which made sure companies and consumers had the products and raw materials they needed when they needed them. The pandemic made the flow of supplies a paramount issue. Those firms that were able to deliver the goods have prospered. This includes our latest Best Dividend Capture Stocks List pick. Our pick has been a top supply chain winner with nearly two decades worth of consecutive dividend increases behind it.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
Our pick is an industrial supplier, offering over 1.5 million different products in its catalog. Other firms turn to our pick to outfit their operations and help manufacture their own products. The key is that our pick focuses on metalworking and maintenance & repair organization (MRO). These are the tools and supplies needed for a variety of industrial applications. Heavy machine manufacturers, aerospace and even the energy sector call upon our pick for products. As one of the largest firms in the segment, our pick offers plenty of next-day delivered goods and has continued to be a top supplier in the supply chain.
With its sector dominance and steady demand for its 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 Monday, July 10, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 1.9 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest industrial distribution pick could be a lucrative option.
