Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
When the California Gold Rush of the 1800s occurred, the people who got rich weren’t the miners themselves. It was the shopkeepers and store owners that kept the miners supplied with picks, pans and other equipment. In this instance, whether or not an individual miner struck gold was irrelevant. The shopkeepers made money no matter what.
Our Best Dividend Stocks List pick in the chemicals sector is the modern equivalent to the store owners during the gold rush.
Our pick is one of the largest producers of ingredients used by food and consumer goods manufacturers. Its flavors, scents and other additives form the basis for many of the products we consume in our daily lives. From the mint in your toothpaste to the watermelon scent in your gum, our pick’s ingredients continue to be found in a wide variety of products. This fact and its wide moat have allowed our pick to produce ample cash flows for years.
But our pick is still finding new ways to grow.
A focus on textures and new organic/natural additives are helping boost sales and margins further. Meanwhile, it just closed on one of its largest acquisitions ever. This buyout of a major rival’s operations will expand its reach further in a variety of ingredients. All in all, it’ll create a behemoth in the sector. One that nearly all consumer products and manufacturers will use.
For investors, this is the perfect definition of a wide moat. And that has been reflective in our pick’s long history of dividend increases and profits.
To summarize, here are five reasons why you should own this stock:
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