Call it a post-COVID-19 surge, but consumers are once again enjoying restaurants and entertainment. Despite inflationary pressures, people continue to open their wallets and reverse the COVID-19 trends of ordering in and staying at home. For our latest Best Consumer Staples Stocks Dividend List pick, this has been a boon to its earnings and builds on its 50+ years’ worth of dividend growth!
Our pick is a unique play in the restaurant industry. It’s a supplier of ingredients, beverages, and other food-related items to establishments. And it happens to be one of the biggest players in this space. Its sheer size and scope equipped it with significant pricing power when it comes to its customers – and with dining out now back in vogue, our pick’s profits have surged.
Even better has been our pick’s moves into organic, natural and other locally-sourced ingredients have paid off big time with higher margins and rising sales. A hefty dose of technology applications for restaurants as well as chef-focused partnerships has also boosted sales.
The bottom line is that our pick remains a top and stable way to play the growth in America’s return to dining out.
In order to make room for our new distribution pick, we’ve been forced to remove a maker of food ingredients and additives from the list.
You can check out the Best Consumer Staples Dividend Stocks List to explore all the stocks.
