Rising energy and materials costs, as well the rise in omnichannel retailing, have many product producers rethinking how they ship and package their goods. Just putting something in a cardboard box is no longer good enough. For those firms that design and manufacture these solutions – like our latest Best Material Dividend Stocks List pick – it’s been a boon to earnings.
Our pick is one of the largest producers of plastic and specialized packaging for the food, healthcare and personal care industries. With new tech and design processes, our pick has continued to push the envelope in terms of strength while reducing materials needed. As such, it’s become a vital linkage in improving ESG scores and the omnichannel environment.
Better still, is that as one of the oldest firms in the sector it has plenty of large contracts with major retailers and product producers. This has helped it keep its cash flowing and its dividend growing for more than three decades. Investors should watch for the stock when it goes ex-dividend next on Tuesday, May 24th.
You can check out the Best Material Dividend Stocks List to explore all the stocks.
