Sadly, death is inevitable. And while it may seem morbid to think about making money from this fact, the truth is that billions of dollars are spent on after-life care each year. For the firms in this fragmented industry, this fact and consistent demand make for plenty of profits. This includes our last Best Consumer Discretionary Stocks Dividend List pick. The firm has been providing growing dividends for over a decade, which investors can tap into before the stock goes ex-dividend on Wednesday, September 14, with a regular payout of $0.25 per share!
Our pick is the largest operator of funeral homes and cemeteries in the nation as well as having operations in Canada and Puerto Rico. This provides ample cash flows and economies of scale that smaller funeral homes cannot match. For investors, it has translated into a steady stream of dividend growth.
And there’s additional growth to be had. Our pick has continued to move into digital memorial services and archiving. Meanwhile, as one of the largest generations now moves into their golden years, there’s plenty of opportunity for rising revenues as pre-planning takes place.
In order to make room for our new after-care pick, we’ve been forced to remove a, auto parts chain from the list.
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
