We know that wheat, corn and other agricultural products come from farms. But what happens in the middle, before the food hits our tables, is a mystery. It’s a complex process with only a few major players. Our newest Best Dividend Growth Stocks Model pick happens to be one of the biggest of these players. And that size and scope have allowed our pick to provide ever-increasing dividends to its shareholders for more than five decades, including a big 10%+ jump over the last year!
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
Our pick happens to operate in the agricultural processing sector. That is, it takes raw corn, wheat and other ag commodities and turns them into foods and products for the end-users. These products form the basis for our modern food chain and can be found in many household products as well. This value add and overall steady demand for its goods have helped our pick generate tons of cash flow for its investors. The best part is our pick’s dominance in the sector provides it with plenty of pricing power, allowing it to overcome its own cost pressures.
Growth has been had as well. With the rise of plant-based protein and other natural/organic consumer demands, our pick has been able to pick up additional revenues throughout its system. Meanwhile, pet nutrition products have also provided a big revenue boost.
The end result is that our pick has continued to see its star shine and provide plenty of dividend/cash flow growth for its investors.
To make room for our new agriculture pick, we’ve decreased our position in an derivatives exchange operator while also removing a regional banker from the portfolio.
