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3 Safe Industrial Stocks That Will Pay You Passive Income for Years

·4-min read

Investors looking for a safe, reliable income stream should look no further than package handler UPS (NYSE: UPS); aerospace and defense giant Raytheon Technologies (NYSE: RTX); and heating, ventilation, air conditioning, and refrigeration (HVACR) parts distributor Watsco (NYSE: WSO). Instead of chasing delivery volume for volume's sake, UPS's transformational strategy of focusing on developing business with targeted end markets (such as small and medium-sized businesses, healthcare, business-to-business e-commerce, and high-growth international business) is proving highly successful.