Inflation is raging and most businesses/consumers are starting to balk at higher prices. But for those firms with pricing power and that can incrementally raise prices to cover costs, navigating this environment is a piece of cake. Our newest Best Dividend Stocks Model Portfolio pick is one such pick.
As one of the largest makers of snack foods, cookies, and candy, our pick operates in the ‘little luxuries’ category of consumer goods. Already coming with higher margins, consumers generally don’t hesitate at paying a little more for cookies or chocolate bars. As such, our pick features plenty of pricing power for its products.
Meanwhile, our pick has been able to find new growth channels via organic, keto, and healthy snack foods. This has continued to boost cash flows and its dividend for eight years.
Watch for when the stock goes ex-dividend on Wednesday, March 30.
To make room for this consumer pick, we had to remove a chemicals producer from our list this week.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
