Wacker Neuson SE

Wacker Neuson, based in Munich, is a leading maker of light and compact construction equipment, from rammers and mini-excavators to compact loaders, used by builders, landscapers and farmers, increasingly with electric, emission-free models. Demand follows construction and agriculture, tempered by a large rental and dealer network. Wacker Neuson has paid and grown its dividend over the years, funded by steady cash flow, though earnings follow the construction cycle. A moderate, dependable yield from a quality equipment maker with a broadening electric range defines its profile.