The world continues to look towards cleaner power generation and renewable technologies. The focus on batteries, electric vehicles and cleantech has the potential to disrupt a lot of old-school industries. But our newest Best Dividend Stocks Model Portfolio pick isn’t at risk of becoming a dinosaur and fading away. It’s changing with the times to find growth, and investors have profited along the way with a growing 2.6% yield!
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
Our pick is already one of the largest producers of engines in the world. The company’s engines end up in everything from light trucks to massive power plants. With plenty of natural gas-powered products, our pick has continued to get the nod from a variety of end-users.
But our pick also has its eye towards the future. The firm has continued to spend big on building out its electric business. With new battery and electric motor products now under its umbrella, our pick has seen revenues start to surge as the world looks towards a greener future. A new CAPEX plan and restructuring have plenty of potential to make cleantech a major focus and provide ample future revenues for our pick.
All in all, our pick is proof that you can still teach an old dog new tricks.
In order to make room for our pick, we’ve reduced our holdings in an apartment owner and a quick-service restaurant owner.
