Omnichannel is now part of the retail lexicon as consumers choose both in-store and online shopping means of purchasing products. In order to do omnichannel right, it takes a lot of behind-the-scenes muscle, and those firms that help facilitate this have seen their stars shine in recent quarters. This includes our latest pick for the Best Dividend Capture Stocks List.
Our pick is a major producer of packaging solutions for a variety of end-users, including everything from aerosol cans to bubble wrap. While it may seem boring, the firm has seen explosive growth as companies look to protect their products in a variety of shipping scenarios. Meanwhile, the growth in online retailing has only increased the amount of packaging supplies needed to ship goods safely.
The end result of this growth is robust cash flows and a rich dividend.
Because of this strength, 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, May 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 packaging pick has the potential to give you what you need.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
