With so much uncertainty these days, it pays to go with classic sectors of the economy. And you can’t get much more stable than bacon, pepperoni and peanut butter – food items that continue to power our latest Best Dividend Protection Stocks Model Portfolio pick and support its latest nearly 6% dividend increase. Investors can take advantage of this income boost by buying the stock before it goes ex-dividend on Friday, January 13, with a regular quarterly payout of $0.275 per share.
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
Our pick is one of the largest producers of protein-based packaged foods in the country. With plenty of leading brands under its belt, our pick’s products are found in a variety of kitchens. This fact has continued to help our pick see rising cash flow throughout its history.
The best part is our pick has continued to find ways to grow as well. Thanks to a focus on plant-based products, strategic M&A and international foods, our pick has continued to expand its core brand portfolio and increase its customer base. At the same time, a rebound in the restaurant industry has helped its other business lines see a return to real profitability.
Overall, our pick proves that there is a lot of opportunity out there for investors keen on protein- and plant-based food producers to generate stable income.
