3 Dividend Stocks to Buy for Trump's Infrastructure Plan

President Donald Trump has long made infrastructure a major talking point, and recent comments indicate the issue is advancing. In February, Trump said he would ask Congress to approve a $1 trillion infrastructure spending plan. If the plan goes through, investors may want to consider buying stocks that could benefit from higher infrastructure spending. As a result, investors should look for stocks in the industrial and materials industries. The following three stocks all manufacture products that would almost certainly see higher demand if Trump’s trillion-dollar infrastructure plan becomes reality...

Caterpillar (CAT) makes the top spot on the list, because it is a natural beneficiary of increased infrastructure spending. It is among the largest industrial manufacturers in the U.S., with a market capitalization of $55 billion. It has a long history of stable earnings. Nucor (NUE): The U.S. steel industry was hit hard by the Great Recession, and has missed out on the economic recovery in the years since. Cheap exports from China continue to pressure the U.S. steel industry. There is some hope that using domestic steel would be a component of Trump’s “Buy American, Hire American” principle. Vulcan Materials (VMC) would benefit from higher infrastructure spending. The company states that its business is “built on essentials”. It is the nation's largest producer of construction aggregates—primarily crushed stone, sand, and gravel. It is a major producer of other construction materials, such as asphalt and ready-mix concrete.

Source: Newsmax

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