The booming economy has reignited the manufacturing and industrial base in the nation. As production has grown so has demand for the raw materials and goods needed to build valued-added products. For those firms supplying these raw materials, it’s a return to halcyon days. Our latest Best Material Dividend Stocks List pick is one such winner!
Key for our pick is its operating niche and near-monopoly. The firm is one of the largest suppliers of industrial gasses in the world. A variety of industries – from complex manufacturers to local restaurants – need various gasses to run their businesses. Given the sophisticated infrastructure necessary to produce these gasses, our pick has long enjoyed strong cash flows and dividend growth for more than 40 years.
With a recent bet on hydrogen power and continued economic growth, our pick is poised to keep the cash flow and dividends coming for another four decades. Watch out for the stock when it goes ex-dividend on Tuesday, July 26 (estimated date).
To make room for this pick, we had to remove a producer of fertilizer from our list this week.
You can check out the Best Technology Dividend Stocks List to explore all the stocks.
