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5 Humdrum Stocks Reaching New Heights

They're yawners, but they keep running up and paying dividends

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Pall Corp.

Pall Corp. NYSE:PLLEver hear of Pall Corp. (NYSE:PLL)? Chances are, you haven’t. Pall is a maker of filtration, separation and purification products primarily used in life sciences and food industries. Website product descriptions include items like “Immobilized Canisters for HiPPAGs” for aerospace and defense use and “Biodyne Nylon Transfer Membranes” for testing and monitoring use in labs.

In other words, Pall’s products aren’t sitting on your countertop at home or on your office desk, but they’re working behind the scenes somewhere on your behalf.

The same can be said for the stock, which is at all-time highs around $69 thanks to a seven-year stretch of roughly 20% annual returns. PLL also yields a modest 1.5%, but it has been boosting its dividends annually since 2004, and a 17% payout ratio means there’s plenty of room for improvement. Plus, earnings growth is expected to come in around 12% for the next five years, so you can breathe easy.

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