In the industrial sector, you should take a look at MSC Industrial, which has a market value of $4.7 billion and a dividend yield of 3.5%, as well as a streak of 17 years.
They distribute maintenance, repair, operations products for manufacturers and metalworking throughout North America. In terms of products, they offer fasteners, cutting tools, janitorial supplies, power tools, and measuring instruments. As such, it’s rare to find manufacturing businesses that do not have an ongoing need for their supplies.
A lot of you might be thinking that this isn’t an exciting business, but the company produces dependable cash flow. What this means is that MSC had been able to increase its dividend every year since 2003 when it began making payouts.
In the utilities sector, Duke Energy has a market value of $66.6 billion. A lot of retirement portfolios actually favor the utilities sector, mainly for its defensive qualities and generous dividends. In that regard, we think you should consider Duke Energy, which has a dividend growing streak of 14 years. Their dividend yields sit at 4.3%.
The company was founded in the early 1900s. Today they are known as the largest regulated utility in North America by total assets. Their operations span seven states across the Southwest and Midwest U.S.
They also expect to deliver 4% to 6$ long-term earnings growth in addition to their commitment to extending their 14-year dividend growth streak.
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