2 Soaring Stocks to Hold for the Next 20 Years
Key PointsHasbro stock is at a record high, and the operating margin for its "Wizards of the Coast and Digital Gaming" segment just hit 49%.
The Nasdaq-100, an index symbolizing the thriving tech sector, comprises the 100 largest non-financial companies listed on the Nasdaq exchange. Despite its impressive growth, the dividend yield stands at a meager 0.6%. In contrast, five consumer companies present an enticing alternative, each offering a dividend yield of at least 3%, or five times the Nasdaq-100's yield.
These companies, which include Kimberly-Clark, Hershey, J.M. Smucker, Molson Coors, and Nomad Foods, generate income from products that remain in demand regardless of the AI market's performance.
Kimberly-Clark (KMB -1.84%) boasts a dividend yield of approximately 4.7% and recently completed the acquisition of Kenvue. The company has a strong track record of dividend payments, having paid and raised dividends for 92 straight years. However, the company's substantial debt, accrued from the acquisition, poses a potential risk.
Hershey (HSY +0.37%) yields about 3.4% and has recently reversed its declining trend, with a focus on recovering its earnings and dividend payments. J.M. Smucker (SJM -2.03%) offers a yield of about 3.5% and has increased its full-year sales outlook, with a focus on cost-cutting measures. Molson Coors (TAP -4.50%) yields 4.8% and has doubled its share repurchase authorization, but faces challenges in the beer industry.
Lastly, Nomad Foods (NOMD -2.25%) yields 5.8% and sells frozen food products across Europe, with plans to return to growth and maintain the dividend.
Written by urgent.news from Motley Fool's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
