Paint maker Sherwin-Williams (NYSE:SHW) is perhaps one of the more well-known stocks on our under-the-radar list, as the company has been helping homeowners apply a fresh coat of color on their homes since the 19th century. It also has been painting shareholders’ portfolios with dividends every year since 1979.
Sherwin-Williams enjoyed a very strong first quarter, as the company reported a 51% year-over-year jump in earnings. Net sales also grew by an impressive 15%, as higher paint volume and higher paint prices teamed up to brighten the company’s fiscal room.
The company’s shares offer investors a 1.2% annual dividend yield, but the real attraction here is the share price appreciation. So far in 2012, SHW has spiked 47.1% — a truly remarkable performance for a company that trades at a forward P/E of about 21. Income investors who want to remodel their portfolios with stocks that are consistent dividend payers, and that also have stellar price appreciation potential, should consider brushing SHW shares on their personal dividend radars.