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5 Sweet Stocks for Steady Income

Some treats can be dependable AND delicious — but not all

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Hershey HSYDividend Yield: 2.1%

Hershey (NYSE:HSY) has a lot to offer — and not just in terms of satisfying snacks for your sweet tooth.

The company, which is the clear leader of the North American candy market with more than 80 well-known brands, has a $16.4 billion candy business that generates more than $6 billion in revenue annually. Hershey boasts 11 consecutive quarters of revenue growth, and 8 straight quarters of earnings growth.

HSY also Jon Markman’s pick in InvestorPlace‘s Ten Best Stocks of 2012 contest, and currently is teetering between third and fourth place with market-beating 17% gains.

While Hershey did stall dividend growth through the financial crisis (can it be blamed?), it has increased its quarterly payout 27% since 2009 and has been steadily rewarding investors since 1930. Plus, in the short term, Hershey shouldn’t be slowed drought-fueled food-price hikes like many other companies, as the costs of sugar and cocoa actually have fallen in recent months.

Article printed from InvestorPlace Media,

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