I’d buy this top-performing FTSE 100 dividend stock before the next bull market

first_img “This Stock Could Be Like Buying Amazon in 1997” Harvey Jones | Tuesday, 16th June, 2020 | More on: AHT Our 6 ‘Best Buys Now’ Shares Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! See all posts by Harvey Jones Image source: Getty Images. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Harvey Jones has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors.center_img I’d buy this top-performing FTSE 100 dividend stock before the next bull market Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Ashtead Group (LSE: AHT) has jumped more than 8% today as the FTSE 100 dividend stock continues its impressive recovery following the stock market crash. It’s just posted a solid set of fourth-quarter results, and defied the Covid-19 pandemic to maintain its shareholder payout. This gives investors good cause for celebration.But loyal investors have been celebrating for years. The Ashtead share price was the second-best FTSE 100 performer during the decade to December 2019, with a total return of more than 3,000%. I wrote then that it looked like a buy to me. Despite the pandemic, it looks like a buy today as well.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Although Ashtead is listed on the FTSE 100, this dividend stock generates 90% of its earnings from the US, through its Sunbelt subsidiary. The group rents out general construction equipment, industrial tools, pumps, power generation, scaffolding, and restoration equipment. It’s benefited from the US boom, but punished by the Covid-19 bust.Well-equipped for growthThe Ashtead share price fell more than 40% in March, but has since recovered almost all of its losses. The FTSE 100 dividend stock is renowned for steadily increasing payouts year after year. That run of growth now extends for 15 years, surviving both the financial crisis and the current pandemic.Naturally, the lockdown hit demand for tool hiring. But today, management could still highlight a “resilient performance,” with full-year rental revenue up 8%, and operating profit up 0.9% to £1.2bn. Ashtead also posted record full-year free cash flow of £792m, more than doubling last year’s figure.Chief executive Brendan Horgan is looking forward to a year of “strong cash generation and strengthening our market position.” This persuaded the board to maintain its progressive dividend policy and to recommend a final dividend of 33.5p. It also confirms Ashtead’s position as a top FTSE 100 dividend stock. Sensibly, it will pause acquisitions and share buy-backs for now.I’d buy this FTSE 100 dividend stockThe Ashtead share price may get a further boost from reports that President Donald Trump is planning a $1trn US infrastructure plan, which will inevitably boost demand for its tools.I’m so impressed Ashtead has been able to get through the crisis without making anyone redundant or using Government-backed job retention schemes, either in the UK or Canada. Q4 pre-tax profit inevitably plunged, by 52% to £98m, the first drop since 2011. Just imagine how impressive full-year profits might have been otherwise.What Ashtead needs now is for the US economy to start flying again. That may happen as monetary and fiscal stimulus hits the market. So long as we don’t get a second wave of coronavirus.This top FTSE 100 dividend stock has shown it has the strength to withstand a recession, and the muscle to power ahead in a bull run. Ashtead looks like a stock for all market conditions. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Enter Your Email Address Simply click below to discover how you can take advantage of this.last_img read more