H.J. Heinz (NYSE:HNZ) and its Heinz tomato ketchup have no equal in the condiment world. People scoff when they see ConAgra‘s (NYSE:CAG) Hunt’s ketchup, even in the greasiest of diners, and generic brands are almost laughable.
How dominant is Heinz? It has a 60% market share in the U.S. — the world’s top ketchup market and also is the top tomato in other major ketchup markets, including Canada, Germany, Poland, Russia, the United Kingdom and Venezuela.
Of course, Heinz has expanded into numerous other brands, including Smart Ones, Ore-Ida potato products and Classico Italian sauces. Its brands are gold there, too, with Heinz boasting that products across its line enjoy No. 1 or 2 market share in more than 50 countries. And according to the 2012 American Customer Satisfaction Index, Heinz is the No. 1 brand in customer satisfaction among food manufacturers.
Heinz has been around for a long time — and so has its dividend, which has been paid since 1911. HNZ shares provide a sweet 3.5% yield, making them a lock for your portfolio.