With the uncertainty around global economic growth, investors are increasingly focused on companies with strong fundamentals that can deliver during adverse market cycles. Our latest reaffirmation in the Best Materials Dividend Stocks List raised its full-year guidance for 2022 following a quarter of record sales and net income. Income-focused investors have until Wednesday, November 9 to invest in the stock when it goes ex-dividend with a regular quarterly dividend of $0.49 per share.
The consumer packaging industry has received considerable attention over the past year as investors, consumers and businesses grappled with supply chain disruptions emanating from China’s zero-Covid policy and Russia’s full-scale invasion of Ukraine. Although demand for industrial packaging is often tied to broader economic health, leading producers of packaging materials continue to play an important role in the global economy.
Our latest reaffirmation in the Best Materials Dividend Stocks List is coming off a stellar second quarter in terms of earnings and sales. Thanks to a combination of strong pricing power, strategic acquisitions and operational efficiency, we’ve decided to increase our exposure to this stock. A nearly four-decade track record of dividend growth doesn’t hurt either.
This week, we have also removed an agri product company from our list and increased our positions in another packaging company, a glass & metal products specialist, and an industrial gas producer.
You can check out the Best Materials Dividend Stocks List to explore all the stocks.
