Looking For the Next Wrigley
Now that Mars is buying Wrigley (WWY)
for $80 per share, I am looking for a replacement of my (RAH)
favorite stock. I have held WWY for years, and I am not happy that it's
being taken from my long-term dividend reinvestment portfolio. But when
the deal actually occurs, I'll put my proceeds to work, hopefully with
a profitable long-term pick.
In the candy space, I am studying Cadbury
Schweppes (CSG),
Hershey (HSY)
Tootsie Roll (TR)
and Nestlé
(NSRGY).
CSG pays a 2.60 percent dividend yield with a trend of increasing dividends.
And its stock price is in a long-term uptrend. TR has a record of regularly
increasing its cash dividend but its stocks price has languished for years.
HSY has doubled its cash dividend since 2000, but its stock price has
been on the downside since 2005. NSRGY has a multi-year price upside and
a multi-year record of increased
dividends.
I plan to more research on these companies before I decide which ones
to buy.
Related Articles:
buyupside.com DividendBook
Dividend-Paying Stocks Create
Wealth
Why Dividends Matter
Posted April 29, 2008.
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