Bemis Company (NYSE:BMS) doesn’t make the food you eat, the coffee you drink or the batteries you buy. Bemis Company does make the plastic packaging those items are wrapped in, however.
As the leading company in the flexible packaging products space, Bemis is one of those stalwart industrial firms that nobody has ever heard of, but that nearly everyone has indirectly purchased — even if they weren’t aware of it.
The ubiquity of Bemis’ packaging products is present throughout many industrials, and for many years, it has allowed the company to pay consistent dividends — not just for a few years, or even for a few decades. Rather, Bemis has kept shareholders smiling by paying dividends since 1922. Owners of BMS shares are getting an annual dividend yield of 3.3%.
Although BMS shares haven’t burned up the equity charts in terms of share price performance, the stock is up a respectable 6% over the past two years. If you want a steady performer offering a good dividend yield, wrap your mind around the possibilities in BMS.