Amid signs of peaking economic growth and an emboldened Federal Reserve looking to rein in inflation, investors may be hesitant to explore cyclical sectors such as industrials. While the evidence suggests we are in the latter stages of the business cycle, industrial companies with simple business models and high return on capital could help investors weather the economic storm and our latest reaffirmation in the Best Industrial Dividend Stocks List fits the bill.
Thanks to strong revenue growth, an effective expansion strategy, and significant returns on capital for the past five years, our latest reaffirmation makes a solid case for inclusion in income portfolios. Our pick’s sector-beating dividend yield and growing track record of higher dividend payouts should also leave investors feeling optimistic.
Our pick has increased its dividends for nine years running and its next ex-dividend date is slated for Friday, July 15 (estimated date), or roughly one week before the company’s next earnings report is due.
You can check out the Best Industrial Dividend Stocks List.
