Lab and life sciences firm Sigma-Aldrich (NASDAQ:SIAL) is on a roll. The company recently reported record sales that were 5% higher year-over-year. Growth in its Research Chemicals division was largely responsible for the record metric.
Sigma-Aldrich is one of those companies that make products used in medical testing by just about every life sciences lab around, but because it doesn’t sell directly to the public, it’s also likely you’ve never really heard of it. And although Sigma-Alrdrich has been paying dividends since 1970, it still also flies under the dividend stock radar. That’s because at an annual yield of 1.1%, SIAL shares don’t necessarily scream to income investors, but the company’s year-to-date return of 11.9% that should have shareholders smiling.
A big driver of growth going forward for Sigma-Aldrich will be its expansion into emerging markets such as China, India and other Asian nations. The company has its sights set on growth in these burgeoning regions, and if successful, SIAL shares could continue delivering great fiscal test results for another several decades.