The ability to make money in both a good or a bad economy is something investors should prize. Consulting is probably one of the only sectors that has this ability. When times are rough, companies, organizations and governments turn to consultants to save money. When times are good, consultants can provide insight into new business opportunities and how to grow further. It’s a win-win for those firms providing this knowledge.
And this includes our Best Dividend Stocks List pick in the sector.
As one of the largest consultants in the world, our pick has been able to prosper during the pandemic. Numerous organizations have turned to our pick for guidance in these troubling times. This includes a hefty dose of technology implantation expertise to save money and prosper. All in all, our consultancy pick was able to pull in more than $40 billion in sales and see earnings per share rise by 7% last year.
The best part is that the growth is continuing.
With the economy starting to reopen, companies have continued to hire our pick in order to help design their futures. The post-pandemic world is a scary and different place. Old ideas simply aren’t cutting it, and firms are willing to pay our pick some hefty dollars to help them navigate this future. Three months into the new year, our pick’s exploding revenues reflect that.
Given our pick’s huge margins, investors should be rewarded further with dividend increases, buybacks and capital gains.
To summarize, here are five reasons why you should own this stock:
- One of the largest consultants pulling in more than $40 billion in sales just last year.
- Benefits from a recession-proof business model based on providing consulting service during both good and bad economic environments.
- Increased its dividend for nearly 10 years straight and returned more than $5 billion in cash back to investors via dividends & buybacks last fiscal year.
- Moves into cloud computing have continued to boost margins even further.
- Healthy payout ratio of 41% and growing yield of 1.21%.
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