Diversification doesn’t just work for your portfolio – it works for businesses as well. Case in point, our newest Best Industrial Dividend Stocks List pick.
Our pick features a huge product catalog of products, servicing a wide variety of industries. The company makes everything from plastic six-pack rings and welding equipment to decorative countertops and fasteners for cars. The vastness of the product portfolio has helped it stay afloat during challenging times and its dividend growing for over 50 years.
With strong sales growth and its hands in some big trends, such as automation and advanced testing, it has the potential to keep the streak going for the long haul. Watch for when the stock goes ex-dividend on Wednesday, March 30th.
In order to make room for this industrial pick, we had to remove an aluminum producer from our list this week.
You can check out the Best Industrial Dividend Stocks List to explore all the stocks.
