Worldwide economic growth has finally returned and it is benefiting a variety of sectors and industries. But none, perhaps, as strongly as the industrial manufacturers. As the economy has grown, the industrials have continued to perform above expectations. And that includes our top industrial Best Dividend Stock List’s pick.
As growth has returned – from emerging markets to the old country – our pick has continued to see both rising and record revenues, better-than-expected earnings and plenty of dividend growth.
See our original article on our pick here.
But our pick could just be getting started.
And that’s because our pick isn’t just focusing on building heavy machinery or equipment; there’s a hefty dose of tech and software under its industrial hood. The firm continues to be the premier player in the growing Industrial Internet of Things (IIoT) and the manufacturing automation space. These markets are in their infancy and offer plenty of expansion opportunities as well as juicy margins and higher profits.
For investors, our Best Dividend Stocks List’s industrial pick offers a great way to profit from today’s tailwinds, and also tomorrow’s.
To summarize, here are five reasons why you should own this stock:
- Multiple businesses lines that will all be tied together through software and the Internet of Things (IoT).
- Huge winner from tax reform and will have more than $20 billion in cash to “play with” in the near term.
- Saw sales growth jump more than 4% last year as the global economy expanded.
- 15-year total return of more than 800%. That’s more than double the S&P 500 and a basket of its rival industrial stocks.
- Falling payout ratio of 37% and growing yield of around 2%.
