If there is one buzz-worthy phrase these days, it has to be “supply chain.” Thanks to the pandemic, shortages are quickly becoming commonplace. And with that, moving goods to where they are needed is of utmost importance. For firms in the logistics industry, like our latest Best Dividend Capture Stocks List pick, these are the halcyon days! You can grab this stock before Friday, November 18, when it goes ex-dividend with a regular quarterly payout of $0.62 per share.
Our pick is one of the largest logistics firms in North America. Offering fleet management services, capacity rentals and other supply chain services, our pick has been delivering steady profits and gains for decades. With the current supply chain woes and focus on omnichannel retailing, our pick’s fortunes have only gotten better, causing surging cash flow and strong dividend growth.
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 Friday, November 18, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 6.8 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest logistics pick could be a lucrative option.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
