Santa is only as good as a company’s toys. And luckily for our new pick in the consumer staples sector, it has the right combination of toys and games that both kids and adults want. The key for our pick has been its licensing deals. The firm managed to score huge contracts with some of the biggest and largest movie/tv/print franchises. This has continued to benefit it even as the pandemic took hold last holiday season. Now with the economy starting to open up and incomes rising, our pick has continued to see additional boosts to its bottom line. Price increases have helped overcome supply chain issues.
Meanwhile, the firm has expanded into entertainment as well. With a suite of children’s content producers under its wing, our pick has managed to keep the growth going – not only from the number of views, but from toy sales as well. Apps and games have also spurred additional revenues at the firm.
All in all, this has managed to take a simple toy producer and turn it into a dividend powerhouse. With 17 years’ worth of dividend increases and a high 2.7% yield, our pick has plenty of growth ahead.
To make room for our latest pick, we had to remove a lifestyle and clothing retailer this week.
You can check out the Best Dividend Consumer Staple Dividend Stocks List to explore all the stocks.
