Businesses with massive leadership positions can face disruption. But the smart ones can see new trends and respond accordingly, moving into new markets before it’s too late. And that’s just what our newest Best Dividend Protection Stocks Model Portfolio pick has done – taking its 100-year-old core business and transforming it into a future powerhouse. All while rewarding investors with a steady streak of dividend increases and a 2.5% yield!
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
Our pick is one of the largest manufacturers of industrial engines and turbines in the world. Its engines are found in generators, trucks and trains across the globe. Increasingly, these engines are running off of natural gas and biofuels. Moreover, the firm has continued to become an electric and battery superstar, allowing it to power its future as more firms look toward non-fossil fuel sources of energy.
The be-all end-all is that our pick is a play for the here and now as well as the future.
And when adding in its conservatively run balance sheet, strong order backlog and history of shareholder rewards, our pick makes for an ideal stock for conservative portfolios.
In order to make room for our latest industrial pick, we’ve been forced to remove a packaged food producer from the portfolio.
