Published on 16 Apr 2024 on Insider Monkey via Yahoo Finance
10 Best Beverage Dividend Stocks To Buy Now
In this article, we discuss 10 best beverage dividend stocks to buy now. You can skip our detailed analysis of the beverage industry and its outlook, and go directly to read 5 Best Beverage Dividend Stocks To Buy Now.
A recent report by the Commerce Department highlighted a significant increase in consumer spending last month, indicating the economy’s strength. Despite facing higher borrowing costs, the US continues to surpass other countries globally, largely due to its strong labor market. Matt Shay, the president of the National Retail Federation (NRF), said that the future direction of interest rates and inflation remains uncertain. However, he emphasized that a robust job market and rising real wages are still playing a crucial role in supporting spending. If we look at individual sectors through data provided by CNBC/NRF Retail Monitor, we see that sales of food and beverages increased by 1% month-over-month and showed a 5.3% rise compared to the same period last year.