Despite the work-from-home movement, the morning commute to work remains a big part of American’s lives. As we return to the office, this fact is getting stronger by the day. And all those cups of coffee, breakfast sandwiches and quick-service items grabbed on the go add up – just ask our latest Best Dividend Capture Stocks List pick. The firm has been generating cash flow and dividends from this fact for more than 20 years. Watch for the stock when it goes ex-dividend on Monday, October 31, with a regular payout of $0.38 per share.
Our pick is one of the largest owners and operators of convenience stores in the Midwest. Offering fuel, snacks and a morning cup of Joe to motorists, our pick has created stable cash flow across its network of stores. Better still has been our pick’s focus on improving margins. Smart hedging of fuel costs, using private label brands and offering food items outside of regular commute times has continued to benefit the firm. It’s benefited investors as well.
The end result is that our pick is also a great dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and then selling it after it has recovered the payout. With an ex-dividend date of Monday, October 31, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 4.6 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest convenience store pick could be a lucrative option.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
