Pack Your Retirement Pantry With This 3.7% Dividend Staple

This week’s dividend stock is the perfect way to bolster your retirement post-COVID. [Turn Your Images On] Dividend of the Week [Pack Your Retirement Pantry With This 3.7% Dividend Staple]( [Turn Your Images On] [Charles Sizemore, Editor, Green Zone Fortunes]( I have three children, two of whom are growing boys. They eat. A lot. Like a marauding army or a swarm of locusts. If you turn your back on them for a minute, they’ll pick the pantry clean. I had this on my mind as I was researching dividend stocks this week. The pandemic was a godsend for packaged food companies, but their underlying stocks never quite enjoyed the “stay-at-home” bump you’d expect. Investors flocked to tech names instead, and there was always the perception that any benefit for consumer staples would be short-lived. But demand for packaged food should still stay high for a while. Restaurants still have a lot of ground to make up. Grand View Research projects its market size will grow at a compound annual rate of 4.1% through 2028. This demand has been a boon for my dividend stock selection this week. It’s almost 100% off its March 2020 lows and with steady momentum that should push it higher. That’s a great sign for its 3.7% payout. [Click here to see why this is a stock that could bolster your retirement portfolio for years.]( Suggested Stories: [Everyone’s Wrong About This 4.6% Dividend (It Will Double)]( [Biotech at Discount Prices: Buy This High-Growth Small Cap Now]( --------------------------------------------------------------- FROM OUR PARTNERS [Former U.S. Congressman — Here’s How Rich Get Richer]( Former 12-term Congressman, Air Force surgeon, and Presidential candidate says both political parties are wrong about how the rich REALLY get richer. Take a few minutes to hear him explain what’s going on ... what’s coming next ... and most importantly, what YOU can do about it, starting right now. [Click here for details]( --------------------------------------------------------------- Chart of the Day [Turn Your Images On] [Michael Carr, CMT]( [Dismal April Employment Data Confirms the New Normal]( Many analysts were surprised by the recent employment report. Job growth was much slower than expected. Nonfarm payrolls were almost 750,000 below expectations, and the unemployment rate rose to 6.1%. Analysts have struggled to find models that reflect the rapid changes in the economy since last year. The size of the miss indicates the models are broken, but many analysts blamed policy decisions. [But today’s chart tells a much more troubling trend with employment.]( Suggested Stories: [Who’s to Blame for Automakers’ Chip Shortage?]( [3 Major Crypto Breakthroughs: Buy BTC or ETH?]( --------------------------------------------------------------- FROM OUR PARTNERS [Barron’s Reports “Big Marijuana Legalization Wave” Expected for 2021. Will You Profit From It?]( Barron’s reports “expect a big marijuana legalization wave among states in 2021.” And this stock could very well be the most surprising way to profit from it. [See the details here.]( --------------------------------------------------------------- 2008: In the U.S., the price for a one-ounce First-Class stamp increased from 41 to 42 cents. Privacy Policy The Money & Markets, P.O. Box 8378, Delray Beach, FL 33482. To ensure that you receive future issues of Money & Markets, please add info@mb.moneyandmarkets.com to your address book or [whitelist]( within your spam settings. For customer service questions or issues, please contact us for assistance. The mailbox associated with this email address is not monitored, so please do not reply. Your feedback is very important to us so if you would like to contact us with a question or comment, please click here: [( Legal Notice: This work is based on what we've learned as financial journalists. 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