When you tend to only think about corn during a summer BBQ or during Halloween when you trounce through a corn maze, it’s easy to forget the reality that corn is big business. From livestock feed and ingredients in our food to chemicals and even a component of batteries, corn is used in a ton of stuff. It’s no wonder more than 170 million metric tons of corn are traded each year. Our latest pick in the consumer staples sector holds a valuable foothold in the industry.
There’s a good chance you’ve never heard of our pick, but it’s likely you’ve used its products. Our pick is a major manufacturer of various ingredients, sweeteners, thickeners and other food-based products for a variety of industries. And it’s been doing so for over a hundred years.
Despite being that old, it continues to innovate and find growth. The firm has dived headfirst into 100% natural ingredients as well as planted-based proteins. With demand surging for clean eating, our pick is at the forefront of the movement. This should provide plenty of growth and dividend increases down the road.
While corn may seem boring, our pick makes it an exciting growth industry.
You can check out the Best Consumer Staple Dividend Stocks List to explore all the stocks.
