Supply chain issues are making some very old-school companies very hip again, with new waves of growth as firm’s look to shore up their supplies and products. For our latest Best Industrial Stocks Dividend List pick, this has resulted in exploding revenues and profits!
Our pick is as old as they come – operating one of the largest railroads in the nation. With a massive network stretching from coast to coast as well as up and down, our pick has continued to see volumes rise along its system. As one of the fastest and most energy-efficient ways to move goods from here to there, railroads continue to be tapped by all manner of firms.
Moreover, a hefty dose of technology and new just-in-time practices have helped reduce costs, shipping time and freight issues for our pick. That’s boosted margins further and made the stock into a dividend machine – raising payouts for nearly 15 years straight.
In addition to our railroad, we’ve increased our position in a logistics firm and reduced exposure in two defense contractors and removed an electrical products specialist.
You can check out the Best Industrial Dividend Stocks List to explore all the stocks.
