Pfeiffer Vacuum

Pfeiffer Vacuum, based in Aßlar and majority-owned by Germany's Busch Group, is a specialist in vacuum pumps and components used in semiconductor manufacturing, industrial processes, research and analytical instruments. Vacuum technology is an essential, hard-to-substitute input for chipmaking, which ties its fortunes closely to the semiconductor-equipment cycle. Pfeiffer Vacuum has paid a dividend for decades, funded by solid cash flow, which earns it a solid DiviScore. A dependable, generous yield backed by a specialised vacuum-technology leader defines its appeal, though earnings swing with the cyclical semiconductor and industrial-investment cycle.