With the economy reigniting and GDP surging, the industrial sector is starting to move out of its doldrums. This growth has boosted the fortunes of a variety of firms and those that supply needed materials to make things are getting plenty of investors’ attention. And that includes our newest Best Dividend Growth Stocks Model Portfolio pick.
Our pick is one of the largest suppliers of industrial gasses in the world. Firms of all stripes- from energy and manufacturers to even your local bar & grille- call up our pick to deliver required gasses for their needs. With plenty of sophisticated infrastructure required to do this, our pick has a virtual monopoly on delivery. This has created decades worth of strong cash flows and dividend growth.
With a recent bet on hydrogen power, our pick is poised to keep the cash flow and dividends coming for years. Watch out for the stock when it goes ex-dividend on Tuesday, July 26 (estimated date).
To make room for this retail pick, we had to remove a technology stock from our list this week.
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
