The real winners from the California Gold Rush weren’t the miners but the suppliers of all the needed equipment to do the mining itself. These “pick & shovel” providers made money no matter the outcome. Our latest Best Dividend Capture Stocks List pick has used the concept in a more modern and innovative sense. Investors can grab the stock’s 7%+ dividend hike when it goes ex-dividend on Friday, December 30, with a regular quarterly payout of $0.225 per share!
Our pick is one of the largest suppliers of drug development and science products around. Without these critical tools, reagents, and testing equipment, modern life science and innovation cannot happen. The best part is our pick’s product catalog spans both high- and low-tech items as well as one-time use products. This keeps lab managers coming back to our pick for more every time they do research.
Meanwhile, new forays into lab management software, cloud applications and data mining have helped the firm continue to generate high recurring revenues.
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, December 30, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of two days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest lab equipment pick could be a lucrative option.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
