Love it or hate it coffee is here to stay. Whether it's part of your morning ritual or simply an infrequent indulgence, coffee is very much a part of most people's lives. In fact, in the U.S. alone the coffee industry is worth over $30 billion and worldwide it's a staggering $100 billion a year business. Coffee is the second most sought commodity in the world after oil. Each year we drink over 500 billion cups and more than half of Americans over the age of 18 drink coffee daily. These numbers alone suggest a very stable and reliable industry that includes many top tier companies that sell this highly sought after commodity. Of course, being dividend and income oriented investors we are keen on stocks that can also pay us a quarterly income. That being said let's start our rundown of top coffee dividend stocks.
First up is a well-known company that really needs no introduction and is often synonymous with the word 'coffee,' Starbucks Corporation (NASDAQ:SBUX). Another high growth, new dividend paying coffee company occupies a ubiquitous spot in many homes and offices across the country. The maker of the widely used Keurig single serve coffee machine, Keurig Green Mountain, Inc. (NASDAQ:GMCR). With my recent interest in Canadian bank stocks I figured I must expand my search for top coffee dividend stocks outside the U.S. and look to our northern neighbors and Tim Hortons Inc. (NYSE:THI). 'America runs' on this next coffee-centric stock, Dunkin' Brands Group, Inc. (NASDAQ:DNKN). Our next coffee dividend stock claims that 'The best part of wakin' up… is Folgers in your cup,' The J. M. Smucker Company (NYSE:SJM). When your coffee 'Is good to the last drop' you know we're talking about Maxwell House and Kraft Foods Group, Inc. (NASDAQ:KRFT).
Source: Seeking Alpha
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Posted by D4L | Tuesday, August 19, 2014 | ArticleLinks | 0 comments »________________________________________________________________
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