A lot of attention is paid to generating clean sources of energy. As such, renewables have taken the investment world by storm. But the real profits may just lie in the so-called ‘low-hanging fruit.’ We’re talking about energy efficiency. And our latest Best Dividend Growth Stocks Model Portfolio pick is making the most of this opportunity.
Our pick is a major producer of various building materials used to reduce energy needs and overall costs to a building. Insulation and various foams may not seem like a growth element, but with construction activity booming and consumers looking to save on rising energy costs, demand has skyrocketed for these products.
Meanwhile, the growth in its composites businesses has provided extra boosts to its bottom line. With infrastructure spending rising, and products used in renewable energy generation, our pick is poised to be a key green player for the haul.
This should support its dividend and profits growth. Watch for when the stock goes ex-dividend on Thursday, June 23.
To make room for our materials pick, we’ve been forced to remove an insurer from the list.
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
