Similar to the world of retail, the way we eat has also been transformed by the pandemic. These days, online ordering, take-out and delivery are just as important to a firm’s bottom line as in-house restaurant dining. Omnichannel has landed in the restaurant world. Our latest pick in our Best Consumer Discretionary Sector Dividend Stocks List is a prime example of how to do omnichannel right.
Our selection has been a casual dining giant for decades. And after some activist investors’ prodding, it transformed itself into a lean, mean version of its former bloated self. This meant an improvement in its operations and a boosting of its profits. The company’s latest moves during the pandemic have focused on take-out and other programs designed to keep consumers eating its meals even when not dining in its restaurants.
The strategy has continued to work well – profits during the pandemic soared and cash flows have been robust. To that end, dividend growth has returned at our pick. With a strong 3% yield and a decent valuation, our pick has plenty to offer investors.
In order to make room for this casual dining giant, we had to remove a denim-focused retailer from our list.
You can check out the Best Consumer Discretionary Dividend Stocks List.
