Value. With inflation rising, consumers are seeking it in spades these days. This is particularly true when it comes to food costs and dining out. Lower priced and value offerings seem to be getting the win with our wallets. Luckily, for our Best Dividend Stocks Model Portfolio pick, it has been delivering value for decades. That value has translated into shareholder rewards, with a recent monster dividend increase of 10%! Investors can tap into the opportunity before the stock goes ex-dividend on Wednesday, November 30, 2022, with a regular quarterly dividend of $1.52 per share!
Our pick is one of the largest quick service restaurants on the planet, serving millions of customers each day. And with a menu that tends to skew towards low-price offerings, sales at the firm typically grow during times of economic duress.
Moreover, our pick’s focus on limited time items, slightly higher priced premium offerings and a hefty dose of technology has helped boost margins and sales. With inflation still high and the Fed raising rates, our pick makes for an ideal play on the current environment while providing plenty of growth opportunities.
In addition to a new quick service restaurant, we’ve also added a healthcare stock as well as removed a home improvement retailer and biotech drug developer.
You can check out the Best Dividend Stocks Model Portfolio to explore all the stocks.
