The U.S. stock market is reaching new highs, and a select group is responsible for a bulk of the gains. The rally in the Dow Jones Industrial Average is being led in large part by industrials.
Industrials are some of the most economically-sensitive stocks in the market. They are highly dependent on economic growth.
With the outcome of the U.S. election, the market rally could be responding to anticipation of higher infrastructure spending. Any potential boost to domestic infrastructure like roads and bridges would be a significant stimulus to the nation's largest industrial manufacturers.
This article will discuss three stocks in particular that stand to benefit from greater infrastructure spending.
All 3 are high quality dividend growth stocks with long dividend histories. Two are, in fact, Dividend Achievers - stocks with 10+ consecutive years of dividend increases. You can see the full list of all 273 Dividend Achievers here.
Keep reading this article to see 3 dividend growth stocks poised to profit from higher infrastructure spending analyzed in detail.