Wide moats are a hallmark of dividend investing. Stocks that have near monopolies on their in-demand products are able to produce ample cash flow and reward their investors. Our latest Best Materials Dividend Stocks List pick is one such stock. Our pick’s position has allowed it to increase its dividend for nearly 30 years straight!
The secret to our pick’s success is the fact that it is only one of a handful of industrial gas producers left in the world. Its near monopoly on these materials drives plenty of stability to our pick’s cash flow. Better still, our pick has continued to find growth as demand for specialty gasses has only increased. Various industrial producers and technology firms are now demanding higher-margined gasses in spades.
And with the hydrogen economy and fuel cells now starting to make more economic sense, our pick has a further runway for additional growth.
All in all, our pick has the right blend of stability as well as growth to fuel its dividend for another three decades.
In order to make room for our industrial gas play, we’ve been forced to remove a building materials stock from the list.
You can check out the Best Materials Dividend Stocks List to explore all the stocks.
