Here's My Top Dividend Stock to Buy in January

Core Viewpoint - Pool Corporation (NASDAQ: POOL) is a strong investment option for those seeking steady dividend growth and long-term potential, despite being a cyclical company facing current market challenges [1] Business Performance - Pool Corp. has experienced a 4% year-over-year decline in full-year 2024 sales, totaling approximately $5.3 billion [5] - The company reported a 4% year-over-year revenue decline in Q1 2025, but sales returned to growth in Q2 with a 1% increase year-over-year, continuing into Q3 with sales rising 1% to about $1.5 billion [6] - Earnings per share have also shown growth, increasing by 4% year-over-year for the last two quarters [6] Market Conditions - The housing market's slow movement and high interest rates have negatively impacted pool sales, as pool construction and remodeling are often financed purchases [4] - Lower home sales turnover has resulted in fewer consumers considering pool-related projects [4] - Despite sporadic permit data for pool construction, overall data suggests improving business conditions, as indicated by CEO Peter Arvan [7] Future Outlook - There are indications of improving business trends, and with easier comparisons in the upcoming periods, further acceleration in Pool Corp.'s business is anticipated throughout 2026 [8] - The company's dividend yield currently stands at 2.1%, supported by a conservative payout ratio, allowing for continued dividend growth [9]