#7 - Reynolds Consumer Products (NASDAQ:REYN)
Dividend yield: 3.00%
Market capitalization: $6.36 billion
The last stock on our list is Reynolds Consumer Products (NASDAQ:REYN). The company has only been publicly trading for about two years. And the timing couldn’t have been worse. However, the company has been posting consistent revenue and earnings and keeping margins at attractive rates. In the company’s most recent earnings report, they projected mid- to high-teens growth in net revenue.
That’s been attracting the attention of analysts including Zack’s Research. REYN stock is enjoying upgrades. And that’s one reason that analysts give the stock a $33 price target which is an upside of nearly 10% from its current level.
The consistency of the company’s revenue should also be good news for the company’s dividend which has a yield of 3%. The company has increased the dividend in both 2020 and 2021 which puts it in line with other consumer discretionary stocks.
About Reynolds Consumer Products
Reynolds Consumer Products Inc produces and sells products in cooking, waste and storage, and tableware product categories in the United States and internationally. It operates through four segments: Reynolds Cooking & Baking, Hefty Waste & Storage, Hefty Tableware, and Presto Products. The Reynolds Cooking & Baking segment produces aluminum foil, disposable aluminum pans, parchment paper, freezer paper, wax paper, butcher paper, plastic wrap, baking cups, oven bags, and slow cooker liners under the Reynolds Wrap, Reynolds KITCHENS, and EZ Foil brands in the United States, as well as under the ALCAN brand in Canada and under the Diamond brand internationally.
More about Reynolds Consumer Products- Current Price
- $23.65
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $29.00 (22.6% Upside)
As part of the Great Resignation, many workers in their 50s have decided to call it a career. That decision may have looked better when the market was hitting record levels nearly every day.
Today, that decision may be looking a bit frightening. But they may be looking at adjusting their portfolios to reflect the reality of a different retirement than they may have imagined. That includes dividend stocks.
Inflation is not going away anytime soon. And at some point next year, interest rates are going higher. That means that the stock market is likely to remain volatile in 2022. Still, the equities market is still one of the only places for investors to get a decent return. Investing in quality, reliable dividend stocks can be a way to diversify a portfolio.
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