Dividend.com has added an office supply stock to the Best Dividend Stocks List and removed a leading consumer discretionary firm from the list.
Sometimes, firms just happen to be at the right place at the right time. And in the case of our new Best Dividend Stocks List pick, it appears to be at multiple “right” locations at the moment. Our new pick started out as a “boring” maker of office supplies. As one of the largest firms in this niche, our pick has used its strength to fuel dividends and growth for decades.
However, the most exciting aspect of the firm has been its transition into some of the hottest trends and sectors of the future. Thanks to plenty of innovation, high technology and smart M&A, our latest pick has quickly become a play in the field of the rising world of e-commerce and omnichannel retailing. From high-tech RFID tags and logistics labelling to innovative packaging and printer solutions, our pick is quickly becoming one of the biggest suppliers in the growing world of online sales.
At the same time, our pick has also continued to plow headfirst into other exciting and higher-margin industries. This includes all sorts of products in the world of healthcare as well as advanced coatings, polymers and aerospace engineering.
While our pick started out as a boring maker of office supplies, it’s managed to pivot itself into some of the biggest trends/sectors out there. We’re talking about online/e-commerce and logistics as well as healthcare, advanced coatings and products for the aerospace industry. It’s here, along with rising omnichannel orders, that continues to fuel our new pick’s growth.
And that growth has fuelled higher margins and rising earnings as well as allowing it to grow its quarterly dividend by over 180% since 2010.
To summarize, here are five reasons why you should own this stock:
1. Operations in more than 50 countries, with more than $7 billion in sales last year.
2. Smartly used M&A and R&D to pivot into many fast-moving and high-tech sectors like logistics and healthcare.
3. According to the firm’s own data, RFID sales alone are growing between 15% and 20% annually.
4. Increased its dividend by over 180% since 2010 with an 11%+ boost made earlier this year!
5. Healthy payout ratio of 35% and yield of 1.78%.
