With market volatility rising, investors are looking for any port in the storm. Boring stocks are now in vogue. And you can’t get any more boring than a slice of bread. But for our Best Dividend Stocks Model Portfolio pick, baking bread is a booming business that supports plenty of cash flows and dividend increases.
Our pick is one of the largest bakers in the country. All those loaves of bread, snack cakes, and other baked goods have translated into a steady diet of sales, cash flows, and profits. The key has been our pick’s ability to adapt to new trends and consumer tastes. Fast-growing segments like whole grain, organic, and keto-friendly have been key drivers for the firm.
Better still is that our pick has been relatively immune from costs and inflationary pressures. Many of its feedstock commodities have stayed low and it has been able to pass off higher costs to consumers/end users of its products.
With continued growth in natural and health food options, our pick should be able to grow its dividend for another two decades. Watch for when the stock goes ex-dividend on Friday, June 3.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
