Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
Aaron Levitt Jul 29, 2020
Given the systematic changes that the coronavirus pandemic has brought, investors are finding it difficult to navigate the current environment. Once mighty sectors and recessionary stalwarts are now reeling under the changes of consumer and business tastes. It’s a tough fight for sure. But for our Best Dividend Stocks List Pick, its simple and diverse business model is working.
As one of the largest confectioneries in the world, our pick provides plenty of low-cost luxuries for consumers. Stay-at-home orders have helped boost snacking and an overall demand for our firm’s products. Even better is that many of its side businesses – such as baking needs – have offset losses in food service and other commercial business lines. The combination has helped the stock perform well during the pandemic. Our pick was still able to deliver profitable sales growth, while picking up some much needed market share against rivals.
The best part is that our pick has plenty of growth potential ahead.
The second half of the year is typically a strong one for our pick. Thanks to the holiday season and Halloween, our pick usually realizes strong sales growth. In addition, the ongoing stay-at-home and social distancing orders prove that a strong time for at-home baking and cooking is resonating. This all should provide more oomph for the stock and continue to boost its already impressive dividend.
For investors, our pick offers the best of a defensive stock, as well as a growth one.
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 Dividend.com Rating system. Go Premium to find out the entire list.