Author: Stephen Mack, Money Morning

Not only did the company recently make a key acquisition, but in July it announced a 10% boost in its dividend – which you can lock in if you buy before Aug. 24. In addition, along with the dividend boost, the company announced a $500 million stock buyback program (a good indication that management thinks the stock is undervalued). On top of all this, our proprietary stock scoring system has given this stock a top score, indicating that it’s due for a rise.

Shareholders who get in now can look forward to a sharp rise, followed by steady returns for years.

Must-have stocks are not always the flashiest. Instead, they provide essential services that never go out fashion. The stock we have today is definitely not flashy, but it’s a stock to buy and hold for the rest of your life.

If you grab the stock now, you could be seeing gains of 200% by 2021.

It’s a dividend powerhouse that’s due for a sharp rise in share price.