The split Congress could benefit TOLZ going forward.
“We view mixed control of Congress as a positive for infrastructure. Increased infrastructure funding is a relatively easier issue for which to find bipartisan support than legislation regarding other issues like healthcare or immigration reform. In fact, following the results of the midterm elections, leaders of all three bodies–President Donald Trump, House Speaker Nancy Pelosi, and Senate Majority Leader Mitch McConnell–discussed infrastructure positively,” according to Morningstar.
TOLZ has a dividend yield of 3.32%, or 143 basis points above the yield on the S&P 500.
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