Amphenol

Amphenol is a leading maker of connectors, cables and sensors used across a wide span of end markets, including communications networks, data centres, automotive, aerospace and industrial equipment. Its broad diversification and long-standing customer relationships give it resilience, and it has grown consistently through both organic gains and a steady stream of bolt-on acquisitions. Amphenol has paid and raised its dividend for around two decades, but the yield is very low as the company prioritises reinvestment and acquisitions over distributions. The payout is comfortably covered and grows alongside earnings. Investors are drawn primarily to the compounding growth story, with the modest, rising dividend as a supporting feature rather than the main draw.