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As economies develop and populations grow, one thing stays constant: the water supply.
In spite of the vast oceans around us, only 2.5% of the water on earth is drinkable, and only 1% of that drinkable water is easily accessible.
So it's not surprising that much of the world is in a water crisis. And in China, it's getting especially desperate.
Aside from enormous geographical difficulties, Chinese authorities face the constant problem of pollution. According to a 2016 article in The New York Times, more than 80% of China's water resources recently tested were not fit for human consumption.
That's why our pick today, which derives 34% of its revenue from water products in China, is critical to the country's continuing economic development.
This water stock has been around for 145 years and has long been one of the most dependable dividend stocks on the market. But in the last decade and a half, the company has been growing at a rapid pace in order to help China address its water issues.
As of 2018, China now brings in more than $1 billion in annual revenue for the company. And that revenue is still growing nearly 20% annually.
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This is a company that's going to be in high demand for years to come. And best of all, the stock has just been given a top score by our Money Morning Stock VQScore™ system.
That means not only is this a dependable stock for the long term, but it's also due for a rise in the immediate future.
After More Than a Century in Business, This Company Is Entering a New Growth Spurt
About the Author
Stephen Mack has been writing about economics and finance since 2011. He contributed material for the best-selling books Aftershock and The Aftershock Investor. He lives in Baltimore, Maryland.