I decided to check in again on one of my favorite Dividend Aristocrats in $SHW after its disappointing earnings report that saw sales rise 9%, but EPS drop 9%.

Long story short, Sherwin-Williams got punished over short-term supply chain problems, but its longer-term investment thesis remains perfectly intact.

Owning and operating a comprehensive, end-to-end supply chain, SHW thrives when things are going well macroeconomically but faces outsized pain when things turn dark (like now).

In the broader scope of things, this turbulence won't last forever. However, the houses in the US and abroad will continue aging, which helps lock SHW into high single-digit sales growth in seeming perpetuity.

With a 1% dividend, trim 30% payout ratio, 43 consecutive years of dividend increases, and a steadily declining share count, Sherwin-Williams offers market-beating returns with minimal downside.