Consumer staples remain a top play for investors looking to avoid the volatility of the current market and find safe-recessionary plays. And you can’t get much safer than coffee, peanut butter, and jelly. For our latest Best Dividend Capture Stocks List pick, it’s turned these pantry staples into 25 years’ worth of dividend increases, buyback growth, and shareholder gains!
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
Our pick is one of the largest producers of these self-stable niches. Better still is that it has focused on owning and producing the top-brands in its operating categories. As such, it’s been able to reap plenty of revenues throughout its history, grow tangential products, and have plenty of pricing power. Growth has occurred as it entered new markets such as pet food and natural/organic snacks.
The end result is a “boring” consumer staple stock with plenty of power behind its dividends. That makes for 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 Thursday, February 9, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 3.4 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest food producer pick could be a lucrative option.
