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5 Sweet Stocks for Steady Income

Some treats can be dependable AND delicious — but not all

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Nestle

nsrgy 5 Sweet Stocks for Steady IncomeDividend Yield: 3.3%

Prefer something with an international flavor? Take a nibble of Switzerland’s Nestle (PINK:NSRGY).

While known for its Crunch bars, Nestle is more than just candy — it sells cereals, juices, frozen foods, baby foods, coffee, ice cream and includes popular brands like Nescafe, Jenny Craig, Haagen-Dazs, PowerBar and Carnation — making it a global foods powerhouse worth more than $200 billion by market cap.

So far this year, shares of NSRGY — which trade as ADRs listed on the pink sheets — have gained around 9%, though growth has been stagnant for the past couple years.

Still, Nestle offers a hefty dividend, paid annually — last year’s $2.105 per share represents dividend growth of 75% since 2009, and yields roughly 3.3% based on today’s prices — and has issued payouts for more than two decades.

Feel free to load up on these past five sweets, just make sure to ignore …


Article printed from InvestorPlace Media, http://investorplace.com/2012/08/5-sweet-stocks-for-steady-income-2/.

©2014 InvestorPlace Media, LLC

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