So-called ”boring” industrial stocks are hot, hot, hot these days. As the supply chains remain constricted, demand rising and prices surging higher, the sector has become the big ticket item for investors looking to grow their portfolios and get some income. Our latest pick for the Best Dividend Capture Stocks List is no different.
Our pick is a producer and distributor of various plastic, rubber and metal parts for various end-users. As an original equipment manufacturer (OEM), these pieces – like molded products, pallets and tubing – are used by other product producers. With the economy going strong, demand continues to rise at our pick.
Because of its long history of operation and recent growth, our pick is also 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 Thursday, June 16, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 2 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest
OEM pick has the potential to give you what you need.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
