Omnichannel is now part of the retail lexicon as consumers choose both in-store and online shopping means of purchasing products. For those firms providing the behind-the-scenes muscle, it’s been a major boon to earnings. This includes our latest Best Dividend Stocks Model Portfolio pick, which has managed to see profits rise and its dividends grow. Currently, omnichannel wins are providing a juicy 3.1% yield, which investors can catch before the stock goes ex-dividend on Tuesday, August 9, with a regular payout of $0.49/share.
Our pick is a major producer of packaging solutions for a variety of end-users, including everything from aerosol cans to bubble wrap. While it may seem boring, the firm has seen explosive growth as companies look to protect their products in a variety of shipping scenarios. Meanwhile, the growth in online retailing has only increased the amount of packaging supplies needed to ship goods safely.
With the focus on supply chains, online/omnichannel retailing and safety of products, demand for our pick’s offerings continues to grow stronger. And that provides a long runway to keep its four decades’ worth of dividend growth humming along.
In order to make room for our packaging pick, we’ve been forced to remove a chemicals company from the portfolio.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
