WSO - 5 Great Stocks With More Than 3% Dividend Yields
2023-04-13 06:43:00 ET
With the markets continuing to exhibit volatility, it's understandable that investors will want the surety of dividends to provide consistent income. With this in mind, let's take a look at why Watsco (NYSE: WSO) , Kinder Morgan (NYSE: KMI) , Chevron (NYSE: CVX) , UPS (NYSE: UPS) , and the iShares U.S Infrastructure ETF (NYSEMKT: IFRA) are worth buying for income-seeking investors.
The hearing, ventilation, and air conditioning (HVAC) parts distributor has been an incredible success story over the last few decades. It demonstrates that you don't have to invest in blue-sky technology stocks to get rich.
It is the leading player in a highly fragmented market, and its "buy and build" business model involves ongoing acquisition-led expansion into new geographies. Watsco buys small distributors and expands their margins by integrating them into its network. With an installed base of 115 million HVAC units in the U.S. Watsco has plenty of long-term growth prospects from distributing equipment and parts to service that equipment.
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5 Great Stocks With More Than 3% Dividend Yields