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With various trade issues, slowing economic growth and a host of geopolitical problems on the menu, investors certainly have shifted their priorities from strictly growth to finding a great balance with safety. Luckily, with our Best Dividend Stocks List pick in the consumer staples sector, investors can have their cake and eat it too. Literally.

Our pick is one of the largest producers of cookies, candy and other snack foods in the world. These discretionary snacks and candy items provide the perfect mix of steady cash flows and growth potential. After all, even in the worst of times, consumers will still splurge for a candy bar or treat now and then. This has powered our pick’s dividend since its early days as well as since becoming an independent company.

But this doesn’t mean that our pick is all safety and no-growth. In fact, it’s quite the opposite.

Check out our original pick here.

Our pick continues to plow big into emerging markets to gain new customers and additional revenues. Meanwhile, thanks to its discretionary nature, our pick has been able to pass on price increases successfully in order to overcome food inflation and score additional revenue growth. But the potential doesn’t stop there.

Our pick has also begun to embrace the growing cannabis industry. With marijuana quickly becoming legal for recreational use across the world, our pick has started to experiment with adding CBD-infused snacks to its product line. This could provide a long runway for future growth. In a few short years, the marijuana market is expected to eclipse more than $66 billion.

All in all, our consumer Best Dividend Stocks List pick continues to provide a great mix of safety and long-term growth potential. And this is just what investors need in the current market.

To summarize, here are five reasons why you should own this stock:

  1. Large international portfolio of brands with sales hitting well over $25 billion for full-year 2018.
  2. Expanded into natural and organic snack products, helping the firm boost gross margins and free cash flows.
  3. Seriously looking into the cannabis industry to fuel future growth potential.
  4. Since its spin-off, our pick has managed to steadily increase its dividend – with its last increase in 2018 being more than 18%.
  5. Healthy payout ratio of 42% and growing yield of 1.89%.

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.

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