Industrial stocks tend to ebb and flow with the strength of the economy. But there are a rare few that can ignore the business cycle and continue to churn out steady revenues no matter what the economic situation is – and that includes our latest Dividend Growth Stocks Model Portfolio pick. The firm has been churning out steady profits and cash flows for decades.
The key for our pick is its extensive product line. Covering over 60,000 products in its portfolio, our pick is able to tap into a variety of consumer and enterprise markets, allowing it to keep revenues and profits steady throughout many economic/market conditions. When one segment stalls, another picks up the slack.
For investors, it’s been a boon on the dividend growth front. Our pick’s huge portfolio of goods has allowed it to increase its dividend for over 60 years straight, making it a Dividend Aristocrat. Now with the economy picking up speed, our pick is firing on all cylinders. Continued dividend growth is almost assured.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
