Tupperware (NYSE:TUP) tries to make up for its boring nature with “parties,” but when your main product belongs in pantries or the back of the refrigerator, you know what kind of business you’re running.
Tupperware, of course, hocks the well-known containers that made it famous. However, it also offers other kitchen implements such as cheese graters, can openers, kitchen shears, stockpots and rice makers — not much sexier, but hey, it’s a little variety.
TUP has been the life of Wall Street’s party, though, gaining a whopping 32% annually in the past seven years (though “just” 15% in 2012). On the income side, it raised its dividend from 22 cents in 1996 — its first year of public trading — to 36 cents in 2012. Then it made a huge splash this week when it goosed that payout by more than 70% to 62 cents per share — good for an attractive 3.3% yield.
Couple that with an extra $800 million toward its buyback program and analyst expectations for 12% earnings growth through 2018, and it’s hard not to gravitate toward this pile of sandwich containers.
Marc Bastow is an Assistant Editor at InvestorPlace.com. As of this writing, he was long JNJ.