Spring is here and the post-pandemic snapback is alive and well. Despite inflationary pressures, consumers remain willing to open their wallets on dining out and experiences. Bars, lounges, and restaurants have continued to realize plenty of sales. And so has our newest Best Dividend Growth Stocks Model pick. With a long operating history and a dominant position in its sector, our pick has continued to see rising sales since the end of the pandemic. Investors have won out as well, with two years’ worth of hefty dividend increases!
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
Our pick is one of the largest brewers of beer on the planet. With a large brand portfolio of regional, import, and craft brands under its umbrella, our pick has continued to deliver sales increases for the last seven quarters straight. This underscores the snapback and continued growth of dining out amid inflationary headwinds.
Moreover, our pick’s turnaround plans are going smoothly. With cost reductions in place and brand revitalization, our pick has been able to regain its mojo. New forays into other beverages including hard seltzer, hard teas, and even kombucha have helped produce additional sales.
The end result is our pick has returned to dividend strength, offering a yield in excess of the S&P 500 and its rival brewers. All in all, our pick makes for a strong dividend stock for those looking to grow their income.
In addition to our new brewer, we’ve increased our position in an insurance stock, while removing a snack food maker from the portfolio.
