Want Reliable Dividend Income? These 2 Industrial Stocks Deliver
The industrial sector isn't the highest-yielding group on the market, but it's home to some steady payout raisers, including Illinois Tool Works and Waste Management.
Overview
At a time when the S&P 500 carries a dividend yield of just under 1.1%, nearly everything looks good by comparison, including the yield of almost 1.2% on the S&P Industrial Select Sector Index, which is home to the S&P 500's industrial members.
Admittedly, with 10-year Treasury yields hovering around 5%, some income investors may say there's not much to see in the industrial sector, but that's not the right approach. Actually, the sector's scant 1.2% yielddisguises its reputation as a legitimate destination for dependable dividend growth.
These two industrial stocks are dividend growth stars. Image source: Getty Images.
Details
Source
Originally published at www.fool.com.