Want Reliable Dividend Income? These 2 Industrial Stocks Deliver.
Both stocks have increased their dividend by more than 40% in the last five years.
Overview
With the economy facing plenty of issues these days -- higher prices, rising interest rates, elevated gas prices -- and other challenges that make it harder to make ends meet, investors with sizable portfolios could consider shifting their holdings into industrial stocks to get some extra reliable income.
Companies in the industrial sector can be particularly well suited for dividend investors because many operate mature businesses that generate reliable cash flow. This allows management to return some of that cash to investors. And because these companies often operate in businesses that are essential to the broader economy, investors can benefit from demand even if the overall economy deteriorates.
Details
Two of my favorite companies in this space are Caterpillar (NYSE: CAT) and Waste Management (NYSE: WM). Both seem poised to continue paying their dividends well into the future.
Source
Originally published at www.fool.com.