It’s a classic ‘pick-and-shovel play’… and while it doesn’t make semiconductors, cellphones, 5G networks or televisions, its cutting-edge products are absolutely vital to those industries (and more).
Our monthly contribution for April was divided between one of the largest and historically growthiest companies out there, and two proven performers that have been raising their dividends for decades.
Given the strong yield and incredible dividend growth — as well as the company’s solid fundamentals — I’ve been building its position within my personal portfolio as well as within the IBP.
Two of them are some of the world’s most recognizable brands, and two of the financially strongest corporations anywhere. The third is also a high-quality business.
With one of the longest dividend-growing streaks in the investing universe, it’s been boosting its annual payout since Dwight Eisenhower was in the White House.