The growing economy has been a huge boon for the industrials and cyclical stocks. Thanks to post-pandemic growth, firms that manufacture things are seeing stars shine once again. But who makes/sells things for the ‘makers’? Our latest pick for the Best Dividend Capture Stocks List that’s who!
Our pick is one of the largest industrial supply companies around, and its product catalog is vast. Covering everything from parts and screws to pallet jacks and mop buckets, our pick has nearly 1.5 million products available for its customers. And thanks to its first-mover advantage back in the 1920s, our pick has become one of the dominant suppliers of goods/products for factories, warehouses and other businesses.
Because of this, 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 Friday, February 11, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 2.8 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest supplier 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.
