Spanish writer Cervantes once wrote, “All sorrows are less with bread.” And, that’s certainly the case for investors in our Best Sector Dividend Stocks List. Our latest top pick is one of the leading consumer staples stocks focused on baking. And it turns out, that’s a top niche to be in.
All those loaves of bread, snack cakes and other baked goods have translated into a steady diet of sales, cash flows and profits. Sales have continued to expand vigorously over the last year as the firm focused on new organic and natural offerings. Several smart buyouts of smaller natural brands as well as tangential moves/additional product lines under its umbrella have worked wonders for its growth profile, with some brands seeing as much as 36% year-over-year sales growth.
As we return to work and school in the post-pandemic world, there’s plenty of pent up demand for bread and packable snack foods. This should help keep both the cash flowing at our bakery pick and its streak of eight years’ worth of dividend increases alive.
You can check out the Best Sector Lists to explore all the stocks.
