Providing advice can be a powerful business model. In good times, clients look toward you for your expertise on how to expand, grow their company and stay competitive. During less-than-ideal times, the power of advice can help limit losses, trim underperforming businesses and help you to stay afloat. Firms providing this kind of advice tend to have a stable earnings profile.
And that sums up our Best Dividend Stock Lists pick in the consultancy space. Our pick has thrived during the pandemic as clients across various industries sought out our selection’s expertise on how to get through one of the biggest structural changes in recent history.
The best part is that the gains have continued in the post-pandemic world.
Thanks to our pick’s focus on technology outsourcing and data analytics, it has seen its star shine as the economy has re-opened and firms look to win in the new “normal.” Bookings and backlogs have surged this year, while technology services have seen double-digit growth rates. All of which has resulted in higher earnings, cash flows, and increases to shareholder rewards.
Now with the economy kicking into high gear, our pick continues to focus on high-margin advice firms and data/tech businesses to ensure success for the rest of the year and into the future.
To summarize, here are five reasons why you should own this stock:
- One of the largest consultants pulling in more than $10 billion in sales during the third quarter alone!
- 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, with the latest increase of 10% announced just a couple of months ago.
- Moves into cloud computing have continued to boost margins even further.
- Healthy payout ratio of 38% and growing yield of 0.8%.
Our Best Dividend Stocks List has 20 of the highest-rated stocks by our proprietary Dividend.com Rating system. Go Premium to find out the entire list.
