Sometimes, being in the right place at the right time can be extremely advantageous. We have a new President-elect who promises to increase regulation/reporting for financial firms and publicly traded stocks. On the other hand, we have a pandemic that is continuing to rage and limiting face-to-face contact between people. Not many firms are able to take advantage of this unique environment.
But our Best Dividend Stocks List Pick in the data sector can.
Our pick is already the name in proxy and required regulatory services for publicly traded companies. As required by law, firms are required to make filings, provide shareholder meetings, and other proxy events. It’s also the leading processor of securities trades and record keeping. This niche has continued to benefit our pick with oodles of steady revenues. And now with Joe Biden pledging to increase regulation and financial documentation, our pick is poised to see this side of its business grow.
But our firm is winning in a multitude of ways.
Thanks to COVID-19, our pick has expanded in virtual meetings for clients. It is launching new platforms to allow companies to meet their regulatory requirements. This has quickly made it the ‘Zoom of the financial world.’ The best part is that cost savings for firms is great, allowing for the platform to stick around even in a post-COVID world.
When combined with its growing financial data business, our pick is poised to make the most out of the future. Investors should take note.
To summarize, here are five reasons why you should own this stock:
- It has a massive moat and near monopoly in the areas in which it operates, producing more than $4.5 billion in sales for fiscal 2020.
- It has plenty of growth potential thanks to regulation, analytics, and new forays into video communication.
- With its latest results, our pick has a 3-year EPS growth rate of 17% CAGR.
- It recently affirmed its dividend payout amid the pandemic chaos.
- It has a healthy payout ratio of 45% and growing yield of 1.55%.
Our Best Dividend Stocks List has 20 of the highest-rated stocks by our proprietary Dividend.com Rating system. Go Premium to read the entire list.
