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Mega-Merger & Warmongering Propel Best Dividend Stock

Abhishek Gupte Feb 14, 2018


It’s no secret that America’s manufacturing base is once again humming along. Thanks to increasing global demand, lowered taxes and rising economic growth, the boring old industrials are once again considered “hot money.” And Dividend.com’s Best Dividend Stocks List’s industrial play has been leading the way.

Thanks to a better overall economic situation across the globe, our pick was able to realize some of the best sales growth it’s seen since the end of the recession, generating nearly $60 billion in total annual sales.

But as we enter the new year, our pick has the potential to keep the trend of better sales – and better cash flows, profits and, ultimately, higher dividend growth – going throughout 2018. A huge diversified business model, massively expanding backlog and focus on some high-tech initiatives will keep the organic growth going. A major dose of M&A for our pick won’t hurt either.

In the end, our pick has the goods to be another top performer in the manufacturing/industrial sector over the next year.

To summarize, here are five reasons why you should own this stock:

  1. Has grown its dividend payout by more than 500% since 2000 and has more than doubled its payout since the recession.
  2. Mega-merger will make the pick the top play in the digital aerospace and Industrial Internet of Things (IIoT) market.
  3. Revenues are estimated to increase to around $64 billion this year – a 7% jump over this year’s reported sales figures.
  4. Global product portfolio spanning government and private clients in a variety of industrial markets.
  5. Healthy payout ratio of nearly 40% and growing yield of 2.22%.

See our original article on our pick here.

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