The 3 Safest Industrial Dividend Stocks Right Now
Plenty of industrial companies pay a dividend, but not all dividends are safe. Think about it: As an income investor, would you rather own a stock that pays erratic dividends or has a dangerously high payout, or a stock that has consistently paid, even increased, dividends and can generate enough cash flows to cover its payout? The choice is obvious, and you'd be astounded to find how safe and reliable some top-notch industrial dividend stocks are.
Honeywell (NYSE: HON) recently landed a spot in the Dow Jones Industrial Average (DJINDICES: ^DJI) when the index reshuffled to accommodate businesses that "better reflect the American economy." Honeywell's a great fit, with its products, software, and solutions serving diverse industries and sectors, including aerospace, chemicals, healthcare, manufacturing, and retail, to name a few.
Now you might think: "Many industrial companies are as diversified, so what's so special about Honeywell?" In one word, it's technology. How many industrial companies have built a quantum computer, solutions for smart buildings, radar systems for drones, and cybersecurity software while manufacturing everyday products like home heating and security systems and electronics? Blockchain, Internet of Things (IoT), artificial intelligence (AI) -- these are just some of the emerging technologies Honeywell uses to build solutions.
Source Fool.com