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Nearly 10-Year-increasing HVAC Distributor Added to Best Industrial Dividend Stocks List

The industrials sector continues to outperform the broader S&P 500 Index year-to-date. That’s because, unlike more speculative industries, industrial companies are involved in the manufacturing and distribution of capital goods, as well as in the provision of engineering and building products. While industrials are sensitive to the business cycle, our latest addition to the Best Industrial Dividend Stocks List is an HVAC distributor concentrated primarily in the United States. The company has seen significant growth thanks to timely acquisitions and smart deployment of capital.

Our pick has seen its revenues, earnings and dividends grow sharply this year, giving income investors plenty of reasons to be excited. Our pick has successfully expanded its network in major markets such as Texas and Florida; as such, it has seen its market share grow considerably. Additionally, our HVAC distribution selection has doubled its profits in two years despite the COVID-19 pandemic and related shutdowns.

To make room for our pick, we’ve booked profits and sold off our holdings of a multinational aerospace and defense contractor.

You can check out the Best Industrial Dividend Stocks List.

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