Praxair (PX): Strong Moat, 20+ Years of Dividend Growth, But Macro Headwinds Persist

Praxair (PX) has increased its dividend for 22 consecutive years and offers one of the highest quality cash flow streams an investor can find. With the stock down over 20% in 2015 and offering a 2.8% yield, it might be time for investors to consider taking a nibble in this blue chip dividend growth stock. Praxair – Business Overview PX was founded in 1907 and is one of the largest producers of industrial gases (e.g. oxygen, hydrogen, argon, helium, nitrogen, carbon dioxide) in the world. Customers use PX’s gases in their operations and manufacturing processes and receive the gases via…