IMCD N.V.

IMCD, based in Rotterdam, is a leading global distributor of speciality chemicals and ingredients, sitting between producers and thousands of customers in coatings, pharmaceuticals, food and cosmetics, and adding technical formulation expertise on top. That capital-light, advice-led model spreads risk and produces steady, growing profits. IMCD has raised its dividend consistently since listing, funded by dependable cash flow and a steady stream of acquisitions. The yield is modest because it reinvests to grow, so the appeal is reliable dividend growth from a high-quality distribution business rather than a high current payout.