Breakfast Behemoth Asserts Spot on Best Dividend Stocks List
Dividend.com added one of the largest packaged-food manufacturers in America to the Best Dividend Stock list. This company was founded more than 100 years ago and today rules the American breakfast table. People are not going to stop having breakfast, even during recessions. The company has also recently forayed into snacks and frozen foods.
It has a mid-50% payout ratio that leaves plenty of room to grow its dividend. It has paid out more than 365 dividend payouts to shareholders over a period of 90+ years. This food manufacturer has managed to grow its dividend by more than 6,400% over the last half century. It is expected to provide an earnings growth of more than 7% in 2017, which is a strong positive for the company to keep increasing its dividend.
4 Reasons Why You Should Own This Stock:
Recession proof business.
Strong history of paying dividends – and growing them.
The company has given more than 10 consecutive years of annual dividend growth.
Dividend yield is higher than the broader market and its industry average.
As a dividend investor you need access to the best and safest stocks in the market. Dividend.com’s DARS ratings have been providing you with reliable and profitable stock analysis since 2008, and this addition is no exception.
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