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Dividend.com added an industrial supplier to the Best Dividend Stocks (BDS) list and removed a commercial real estate firm.

Our Best Dividend Stocks List is an index of 20 of the highest rated stocks by our proprietary rating system. Go Premium to find out the entire list.

Founded in the 1920s, this company has grown by leaps and bounds since its early paper catalog days, and approximately 3 million businesses and institutions worldwide currently rely on its products such as safety gloves, ladders and janitorial supplies.

The critical distinction for our pick is its focus on selling and distributing items rather than producing the necessary supplies for a growing economy. This emphasis on distribution rather than manufacturing has provided the company with a long history of rising earnings as well as dividends. The company is a Dividend Aristocrat and has increased its dividends to shareholders for more than 40 years.

More recently, several catalysts continued to propel our new stock higher. The election of President Trump and his pro-business stance is seen as bolstering the U.S. economy. And that should help drive revenues at our chosen supplier. Other points – such as its global expansion and growth in its web business – have only served to strengthen our selected pick.

To summarize, here are five reasons why you should own this stock:

  1. The firm has increased its dividend a staggering 1,366% since the 1970s.
  2. A global giant featuring over 3 million healthcare, manufacturing, government and hospitality customers.
  3. The 11th largest online shopping destination in North America.
  4. Big winner from President-elect Donald Trump’s policies toward business and growing the economy.
  5. Low payout ratio of 41% and a good yield of 2%.

Soft Removal of a Commercial Real Estate Stock From Best Dividend Stocks List

To make room for our new industrial supplier, we are forced to remove a commercial real estate pick from our BDS list. The company still features strong metrics in our DARS Model and, in fact, scores very high across all measures. However, given our rules-based system, the model favors stocks with larger market caps. In the case of shares with identical scores, the one with the greater total market capitalization earns placement on the list – and that’s what happened in this case. However, we remain very bullish on the commercial real estate name.

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