When we click ‘buy’ while shopping online, we often don’t think about how our packages make it to our door. But the reality is there’s a whole ecosystem of firms besides the retailer making that happen. For firms operating in this ecosystem, the surge in omnichannel demand has only strengthened their positions. Our newest Best Dividend Protection Stocks Model Portfolio pick is one of them!
Our latest pick is one of the largest producers of packaging in the country. With demand rising from online and omnichannel sales, retailers and product producers have continued to demand more and more solutions for shipping and storage. This has only worked well for our firm and created a major tailwind for cash flows.
The key to that growth isn’t just in plain cardboard boxes. Our pick has continued to be tapped for advanced mailers and other packaging designed to be eco-friendly, protect better, and use less materials, all of which benefit its bottom line further.
With over a decade of dividend increases behind it, our pick makes a stealth play on the growth in ecommerce. The stock is expected to go ex-dividend on Friday, July 1 (estimated date).
To make room for this MedTech stock pick and another advertising pick, we had to remove two insurance names from our portfolio this week.
You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.
