While inflation has taken a bite out of consumer spending overall, there are some pockets of the market that continue to see growth. One of which is dining out. Consumers continue to open their wallets when it comes to visiting restaurants. For our latest Best Dividend Capture Stocks List pick this has been wonderful news. It’s been good news for investors too, with the stock recently increasing its dividend by over 10%!
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
Our pick operates in a very unique niche. It just so happens to be one of the largest growers and producers of frozen potato products. While solely producing fries may seem odd, it’s a fertile niche. Our pick courts some of the largest restaurant chains as its clients. Our pick has plenty of private label products as well. The firm’s sheer size and steady demand from its customers produces plenty of steady cash flows.
With its specialized niche and near-monopoly in that niche, our pick 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 2, Our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 4.5 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.
