We tend not to think about the cartons and packages our food, home goods, and other products come in. However, packaging is quickly becoming a big issue, especially with omnichannel retailing and green efforts driving commerce. With that, our latest Best Materials Stocks Dividend List pick has been able to feast, helping boost dividends and support its 4.4% yield!
Our pick is one of the largest producers of packaging for food, medicines, personal care, and other products, pulling in more than $15 billion in revenue per year. The key for our pick continues to be industry trends toward online/omnichannel sales, as well as new eco-focused packaging. Omnichannel requires new lightweight yet strong packaging to limit breakage and reduce fuel costs. Meanwhile, an effort to use recyclable materials and boost ESG scores has driven additional sales boosts.
The best part is these products often come with higher margins for our pick. Providing extra cash flow to support our pick’s nearly 40 years’ worth of dividend payouts.
In the end, our pick may seem like a boring play. However, there is plenty of growth and shareholder rewards from the packaging paly.
To make room for our new packaging specialist, we have been forced to remove a different packaging provider from the list.
You can check out the Best Materials Dividend Stocks List to explore all the stocks.
