It’s all about supply chain these days. Thanks to shortages and the continued COVID-19 snapback demand, moving goods from place to place has become a serious business. But for our latest Best Industrial Dividend list, providing solutions to these issues has become a multi-billion business, boosting dividends for 10+ years and providing a hefty 3.35% yield.
Our pick is one of the largest logistics firms in the world. Each day billions of packages, freight and other goods zip along its system to various points across the world and country. With supply chain woes and online shopping growing, this system continues to be more valuable.
And part of that has been its commitment to reducing costs and improving its margins. Selling unprofitable divisions, boosting fees and focusing on small-to-medium-sized businesses have done wonders for profitability and improved cash flows. Given the ongoing supply chain issues and a newfound profit focus, our pick remains a great choice for investors in the industrial sector.
In order to make room for our new logistics pick, we’ve been forced to remove an HVAC specialist from the list.
You can check out the Best Industrial Dividend Stocks List to explore all the stocks.
