Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
$850 billion. That’s a big number. It also happens to be how much consumers spent this holiday season and the lion’s share of that spending was through online and omnichannel means. Overall, online shopping this holiday season saw a big 19.1% increase as more shoppers look to their keyboards and phones to make their purchases. It just goes to show how much online and e-commerce have changed the game.
And winning that war is our Best Dividend Stock Pick in the consumer products sector.
Our pick has been one of the biggest winners from the shift to online shopping, warehousing and e-commerce sales. That’s because our pick makes something all retailers – online, in-store or omnichannel – need to survive in the environment. We’re talking about innovative package and shipping solutions.
Protective packaging for shipping to stores and homes might not seem like a booming business, but thanks to the recent surge in online and omnichannel shopping, our new pick has become a rising star. Sales continue to hit records and profits have jumped at our new pick. Online shopping has given new life to the more than 120-year-old company. Boring is now beautiful.
Already, our pick has seen some pretty great dividend growth over its history. But as the record online sales over the holiday season show, our pick still has plenty of room to rack up more revenues, profits and dividend potential.
For investors, our stock pick provides a nice backdoor play on rising e-commerce growth – without having to pick an actual winner in the retail sector.
Check out our original pick here.
To summarize, here are five reasons why you should own this stock:
Our Best Dividend Stocks List has 20 of the highest-rated stocks by our proprietary rating system. Go Premium to find out the entire list.