Joseph Hogue recommends CNH Industrial due to strong demand for agricultural and construction machinery, supported by infrastructure spending. The company increased its dividend by 20% and has a history of 16% annual dividend growth over five years, offering a 2.6% yield.
“First up here is c h industrial ticker cnhi it's a maker of farm and construction and Machinery I've been following this theme closely you know with caterpillar with John Deere really on that strong demand for agricultural Machinery but then the coming demand for construction as that infrastructure bill that infrastructure money gets distributed to the States now cnh increased its dividend by 20 percent over the last uh the most recent one the largest increase in this group to 39 cents a share for a 2.6 yield.”