When it comes to companies, those with wide moats often form the best defensive plays in times of stress and uncertainty. Our latest Best Dividend Protection Stocks Model Portfolio pick is one such stock.
Our pick is one of the largest producers of industrial gasses in the world. With plenty of complex infrastructure required to create and produce various gasses, our pick’s moat is very wide and deep indeed. In fact, there are only a handful of these firms left after years of M&A.
Rising demand in manufacturing to fix busted supply chains, infrastructure investing, energy demand, and even a snap-back in consumerism are allowing our pick to reap plenty of cash flows from its portfolio of assets.
With over three decades of dividend growth behind it, a world-wide presence, and an overall steadfast nature, our pick is a top draw for conservative investors. Watch for when the stock goes ex-dividend on Thursday, June 2.
To make room for our materials pick, we’ve been forced to remove a retailer from the list.
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
