Looking at the headlines, housing is an absolute disaster. Rising mortgage rates and home prices have crimped demand. But not all sections of the housing market are doing poorly. In fact, for our latest Best Dividend Protection Stocks Model Portfolio pick’s niche, housing is booming, producing ample cash flow and profits!
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
Our pick is a top home improvement retailer in the nation. Growing from a small regional player focused on rural markets to one of the largest retailers in the nation, our pick has continued to see plenty of sales growth. With home prices high, many consumers have been forced to stay put – and that means improving their living spaces. The rise of working from home has also helped consumers realize the importance of their living/working spaces. With DIY sales surging, pur pick has continued to reap plenty of profits.
But our pick has continued to find other ways to grow as well. With a focus on smart home products, professional installation and new contractor operations, our pick has seen its cash flow and sales grow immensely in recent quarters.
Its dividend has grown too, increasing by over 20% annually for the last five years.
With our pick dominating its niche and growth still going, our pick makes for a great play for conservative investors.
In order to make room for our pick, we’ve removed a packaging firm from the list.
