Food and Beverage Phenom Continues Surge After Best Dividend Stocks List Nod
A Dividend Aristocrat almost two times over is being added to the Best Dividend Stocks list as of today. This global food giant has over $7 billion in free cash flow and more than 3.7% organic revenue growth from 2015 to 2016. It has around 9% core constant currency EPS growth, achieved a billion dollars in productivity savings annually since 2012 and returned more than $7 billion to shareholders during 2016 through share repurchases and dividends.
This company has been filling our snack and beverage needs for more than 100 years. It's recession resistant and did not cut its dividend during the past two recessions. The company cannot get more blue chip in nature. The firm continues to expand into new emerging markets such as China and South Africa with its core offerings, as well as some well-timed M&A. Meanwhile, in the developed world, new healthy beverages and natural snack options have been added.
Four reasons why you should own this stock:
A cash flow earnings machine, this company has a wide economic moat.
They expect to deliver up to $1 billion productivity savings, at least for the next couple of years.
Demand for their product stays constant no matter what the economy is doing.
Analysts expect that its bottomline will grow by 8.39% from 2017 to 2018.
As a dividend investor, you need access to the best and safest stocks on 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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