The Covid-19 pandemic and growth of e-commerce shined the spotlight on the packaging sector. Although pandemic lockdowns spurred peak demand for consumer packaging companies, a few suppliers have come out the other side stronger than before. Our latest addition to the Best Material Dividend Stocks List is a paper mill company that provides packaging materials to food and beverage makers, medical suppliers and e-commerce businesses. The stock has benefitted from process-optimization efforts to increase profitability for its shareholders.
You can check out the Best Material Dividend Stocks List to explore all the stocks.
Our pick offers consistent dividend growth, attractive yields and a highly diverse business model still benefiting from e-commerce growth. As such, management has given positive guidance for fiscal 2023 as demand for packaging continues to grow.
To make room for our paper mill, we’ve booked profits and moved on from a chemical manufacturer.
