It’s no secret that housing remains a hot sector. Even with rates rising, consumers are still buying homes hand over fist. For those firms that operate within the industry, it continues to be a boon. And that includes our newest Best Dividend Growth Stocks Model Portfolio pick.
Our pick is a major retailer devoted to home improvement. As such, it’s continued to see its cash flows and profits surge over the last few years. But where our pick has continued to win is in the strength of its omnichannel portfolio. Thanks to smart spending before the pandemic, our pick has become a ‘click and collect’ master. This has allowed it to pull away from rivals and grow even further.
The best part is that it has rewarded shareholders along the way with its last dividend increase jumping by over 15%. Watch out for the stock when it goes ex-dividend on Friday, June 10 (estimated date).
To make room for this retail pick, we had to remove an insurance stock from our list this week.
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
