R - 2 Dividend-Paying Transport Equipment & Leasing Stocks to Watch | Benzinga
The Zacks Transportation - Equipment and Leasing industry currently stands to benefit from the solid investor-friendly steps. Notably, consistent shareholder-friendly initiatives in the form of dividend payouts or share buybacks imply solid financial strength of companies in the Equipment and Leasing industry. Such moves boost investors' confidence and positively impact the bottom line.
Notably, the industry has risen 37% compared with the Zacks S&P 500 Composite's northward movement of 25.6% and the Zacks Transportation sector's growth of 1.9%, over the past year.
Image Source: Zacks Investment Research
The buoyancy in the industry is further confirmed by its Zacks Industry Rank #56, which places it in the top 22% of more than 250 Zacks industries.
Given this encouraging backdrop, it would be a wise decision to invest in some dividend-paying companies like Ryder System, Inc. (NYSE: R) and The Greenbrier Companies, Inc. (NYSE: GBX) from the Transportation - Equipment and Leasing industry. These companies have consistently announced dividend hikes, thus highlighting their pro-shareholder stance.
Stocks that have a strong history of dividend growth belong to ...