Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Insurance remains a top place for dividend investors to tread. Thanks to the industry’s high propensity to churn out strong cash flows and dividends for its shareholders, it remains a bright spot for income seekers – and this includes our latest Best Dividend Growth Stocks Model pick, which has been using its float to its advantage for decades and rewarding shareholders by increasing dividend for nearly 15 years.
Our pick is a classic property & casualty (P&C) insurer. And, lately, this has taken on a more specialized niche. Thanks to COVID-19, climate change, and cybersecurity threats, the nature of insurance has become more specialized. For our pick, this has meant larger revenues, premiums, and float.
For investors, this has provided strong cash flow growth, which, in turn, has provided our pick with a long runway to raise its payout and buyback shares. In the end, insurance remains a relatively boring industry. However, our pick continues to make the most out of this steadfastness.
In order to make room for our new P&C insurance pick, we’ve been forced to remove a construction material stock from the portfolio.
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.