After years of stagnated output, America’s manufacturers are once again on fire.
Rising economic growth in the U.S. has many industrial firms running at full tilt. For Dividend.com’s Best Dividend Stock List’s leading chemical supplier, this surge in growth has been beneficial as well. As one of the members of what amounts to a monopoly on supplying atmospheric and process gases, our pick has continued to see earnings rise as economic growth has taken place. That rising earnings power has helped our pick return double digits and raise its dividend by nearly 11% since our selection last June.
See our original article on our pick here.
But our chemical leader’s best days could be coming in quarters ahead. That’s because our pick is increasingly global with its operations. With facilities all across Europe and various emerging markets, our pick is set to take advantage of the recent upswing in economic activity in these international markets. This should provide plenty of extra “oomph” to our pick’s cash flows and profits, all while continuing its position as dividend achiever.
To summarize, here are five reasons why you should own this stock:
- Massive moat as one of the only firms in its industry.
- Increasingly global with a hefty focus on emerging markets such as India and China.
- 75-year operating history with 30+ consecutive years of dividend increases.
- Strong balance sheet with “A” bond ratings from the top rating agencies.
- A steadily increasing and Treasury-bond beating 2.48% dividend yield.
