One of the surefire ways to generate steady revenues is to provide a service that everyone needs to use, particularly if that service is a requirement of the U.S. government. For those firms that offer services that cater to government regulations, profits are nearly guaranteed. Our latest Best Dividend Capture Pick is a prime example of this. Each year our pick generates plenty of cash flow from providing an essential requirement.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
Our pick provides accounting services for individuals and small businesses. These services specialize in tax preparation and ongoing needs. Taxes affect everyone and, each year, both businesses and individuals need to file these reports with the government, states, and local municipalities. And while efforts to simplify the tax code have been made, the truth is the U.S. tax code remains complex. Often it takes an expert to navigate it correctly. That’s where our pick comes in.
But our pick isn’t just a one-trick pony. The firm has continued to expand its services beyond end-of-year tax filing. This includes ongoing accounting functions, software, CPA support, and even digital banking solutions. This increases recurring revenues. This has ended our pick’s historic pattern of a once-a-year surge in revenues and made our pick a more steady-eddy dividend stock.
With its focus on providing an essential requirement for all citizens and businesses, as well as its new forays into expanding those services, our pick has continued to generate hefty cash from its operations. That fact has also made our pick a great dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and then selling it after it has recovered the payout. With an ex-dividend date of Monday, December 4, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 3.5 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest financial services pick could be a lucrative option.
