Whether you have a large or small business, it can be tough to manage employees when it comes to human resources. Items like payroll, benefits management, retirement and claims can be enough to make your head spin. But for those who specialize in the division, like our newest Best Dividend Growth Stocks Model pick, it can result in more than 40 years’ worth of dividend increases and great long-term gains!
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
Our pick happens to be one of the largest payroll processors and benefits managers around, counting everyone from Fortune 500 companies to your local mom & pop restaurant as customers. By providing payroll and other benefits management, our pick makes a pretty penny from its customers.
The beauty remains in its sticky business model. It can be difficult to switch providers once you start using one. And in that, our pick has plenty of recurring contract revenue. Moreover, our pick has a secret way to boost its earnings – earning interest off its deposited payroll dollars before it hands them out on payday.
With a steady base of sales and new forays into data and other high-tech areas of benefits management, our pick will continue to support its growing dividend far into the future.
In order to make room for our latest HR pick, we’ve been forced to remove a steel producer from the list.
