Our latest pick for our Best Industrial Dividend Stocks List is a bit of an odd bird – and that’s because it’s not really an industrial stock. It’s more of a consumer staples stock. Originally part of a larger metals & mining operation, our pick has had a long run to finally get to where it is today.
And today it is one of the largest producers of aluminum foil (and similar products) in the U.S. and Canada.
Thanks to this position, our pick has benefited from the ongoing stay-at-home trend. With consumers eating and cooking more at home in the post-pandemic world, our pick has seen sales rise at its major brands. Afterall, consumers need its foil to make meals and store food after eating.
With its top brand names and niche, our pick has provided investors with plenty of dividends in its short IPO history. In fact, it’s managed to up its payout by 55% in its first year. With a 2.9% yield and plenty of cash flows, our latest pick is an interesting portfolio name.
In order to make room for this aluminum producer, we had to remove a transportation and logistics company from the list.
You can check out the Best Industrial Dividend Stocks List to explore all the stocks.