The COVID-19 pandemic did a lot of things. One major thing it did was show the vulnerability of the global supply chain. Moving products and freight became critical as shortages persisted. The prevalence of omnichannel retail only exacerbated the idea. For our latest Best Dividend Stocks Model Portfolio pick, this has been all good news.
Our pick is one of the largest logistics firms on the planet. It ships goods and freight across the world. This critical linkage has only grown more important as the world grapples with supply chain woes. Even better is our pick has become a vital piece of the omnichannel retail landscape, providing services and delivery for millions of packages each day.
And given its importance, our pick has been able to pass on fuel surcharges and other fees to cover its rising costs.
In the end, investors have continued to benefit from our firm’s standing as a major logistics partner for the world. With continued demand for shipping needs, our pick is poised to keep winning. Investors should watch for the stock going ex-dividend on Friday, August 19 (estimated date).
To make more room for our shipping stock, we’ve removed a mortgage insurance stock.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
