Exciting news for balanced dividend investors as we present an intriguing addition to the Best Sector Dividend Stocks model portfolio – a large-cap titan in the Chemicals industry.
With a commendable 13-year track record of dividend increases that ranks in the top 10% of all dividend stocks, this company has consistently rewarded shareholders. The payout ratio stands at 34%, perfectly aligning with the industry average, suggesting robust dividend safety. Additionally, the forward-looking 3-year dividend CAGR of 10% places it in the top 40% of dividend stocks, indicating a promising returns potential.
Year-to-date, the stock lags the S&P 500 and its sector, but is down only 2%.
Brace yourselves for the next payout, estimated at an attractive $0.810 per share, expected on or around July 28.
This decision has been optimized for a balanced mix of yield, dividend safety, returns potential, and risk. For a deeper dive into the financials and prospects of this formidable entrant, don’t miss our in-depth stock analysis. Invest wisely, invest in resilience.
