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.
