Schneider Electric SE

Schneider Electric, based near Paris, is a global leader in energy management and industrial automation, making the equipment and software that distribute electricity and run factories, data centres and buildings efficiently. The twin booms in electrification and data-centre construction have turned it into one of Europe's most valuable industrial companies. Schneider has raised its dividend for many years without a cut, funded by growing, high-quality profits. The yield is moderate, but the combination of structural growth from electrification and a reliably rising payout gives it one of the strongest dividend profiles in the index.