Many investors have shied away from discretionary stocks because of the COVID-19 pandemic. However, following rolling lockdowns between 2020 and 2021, consumers have been itching to return to normal life. That pent-up demand has been a positive tailwind for value-oriented restaurant chains. Our latest addition to the Best Consumer Discretionary Dividend Stocks List is a steakhouse chain that has carved out a strong niche in the United States. Our pick is so compelling that we decided to drop an iconic fast food restaurant in its place.
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
A combination of strong earnings growth, steady international expansion and savvy cost management makes our pick an attractive choice for income investors. While our pick doesn’t have a long history of dividend growth, management has prioritized increasing shareholder value as the company enters the global stage.
To make room for our steakhouse restaurant, we had to book profits and sell off our holdings of an iconic fast food chain.
