No matter the industry, it’s about adapting to changing tastes. This is particularly true when it comes to consumer products. Luckily for our new Best Consumer Staple Dividend Stocks List pick, it has been able to adapt to evolving consumer tastes.
Our pick is already one of the kingpins of the beverage and snack food world with a huge portfolio of top brands in a variety of categories. This fact has helped our pick produce ample cash flow and earnings for decades. It’s boosted its dividend and buyback game as well – we’re talking 50 years’ worth of straight dividend growth.
Growth is coming from new flavors and a focus on healthier snacking and beverages, including new organic options, flavored waters, and sports beverages. These efforts have already proven to be hits with consumers, and our pick continues to see growth along these channels.
With analysts expecting big things in the new year, a low valuation and a dividend that you can catch when the stock goes ex-dividend on March 24 (estimated date), our pick makes an ideal selection in the sector.
You can check out the Best Consumer Staple Dividend Stocks List.
