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10+ Year-Increasing Industrial Tool Specialist Added to Best Dividend Stocks Model Portfolio

The industrial economy continues to heat up as manufacturing firms look to produce more and reduce global supply chain issues. For firms in the industrial sector, this has resulted in a surge in profits and revenues. Case in point is our latest Best Dividend Stocks Model Portfolio pick, whose niche products are used in a variety of industrial applications.

Our pick is one of the largest producers of tools. However, it’s not just selling its wrenches, screw drivers and impact drivers to weekend warriors; its focus on professionals – mechanics, enterprise customers and blue-collar workers – has allowed it to develop a huge network of stable sales and profits.

Better still is that growth can be had. Thanks to its newfound focus on technology, data-driven devices and other tangential moves in the tool market, our pick has continued to see growth in its bottom line and revenues.
All in all, our pick remains a top choice for investors for both stability and income potential.

In order to make room for our industrial pick, we’ve removed a natural gas utility firm from the list.

You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.

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