There’s “power in protein!” While that slogan comes from the fitness and exercise industry, it could be applied to your portfolio as well. Thanks to the rise of low-carb, high-protein diets, meat and protein producers have been riding high. This has been especially true as the coronavirus has caused many individuals to stay and cook at home. This has been absolutely great news for our Best Dividend Stocks List pick in the consumer staples sector.
Our pick has used the power of protein to drive massive returns for investors throughout its history. In fact, thanks to bacon and ham, our pick is one of the best-performing stocks of all time.
And, lately, our pick has continued to reward investors. As traders have shifted to safety with a side of growth during the pandemic, our pick has continued to rack up some serious revenues. Last quarter alone, our pick managed to report record sales and a 72% increase to free cash flows. Keep in mind, this quarter came right during the thick of the pandemic. Clearly, our pick fits the safety with a side-of-growth framework that investors should be looking for.
And the best is yet to come.
Our pick continues to see rebounds in its industrial and restaurant divisions, while lower commodity/feedstock costs continue to benefit margins. As does its recent forays into protein-powered snacks and organic/natural products. In the end, our pick should be able to build on its streak of more than 50 years’ worth of dividend increases.
To summarize, here are five reasons why you should own this stock:
1. Continued its pace of record sales growth last quarter with revenues jumping by more than 3%
2. One of the first movers into new natural, organic and plant-based protein sources, providing it a long runway for future growth.
3. Big winner from shift to stay/work-from-home orders.
4. Dividend Aristocrat with 50+ years of dividend increases, with the latest increase being close to 11%.
5. Healthy payout ratio of 55% and increasing yield of 1.96%.
Our Best Dividend Stocks List has 20 of the highest-rated stocks by our proprietary Dividend.com Rating system. Go Premium to find out the entire list.
