Firms that can adapt and change with the times can be very fruitful for investors. Forward-looking management teams are able to sense trends and can continue providing good returns for their shareholders. Our latest Best Dividend Capture Stocks pick is a prime example of that. As one of the oldest continuously listed stocks on the New York Stock Exchange, our pick has adapted through time to generate strong income for its investors.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
Our pick has been a manufacturer of niche products. From bowling and billiards to military equipment and bicycles, our pick has done it all at one time. Today, our pick is one of the leading players in the marine industry. It builds boats, manufactures propulsion/power equipment, and even provides finance and insurance solutions for boat/fleet owners. With some of the top brand names among boaters, our pick’s sales have continued to grow along with the rising economy. This niche and focus has continued to deliver rising dividends and strong profit margins as well.
Growth from our pick has come from new green initiatives as well as smart M&A in the sector, adding new tangential businesses and brands to its marine roster. With its strong marine focus, our pick has continued to rack up plenty of extra cash flows. 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 Tuesday, August 22, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 0.8 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest marine pick could be a lucrative option.
