Today's dividend stock is going to come from one of the most unlikely sources: groceries. And though I expect this stock to benefit from a nice dividend bump over the years, it's the stock's price appreciation that will really supercharge returns.
Three years from now, I fully expect today's pick, Whole Foods Market (WFM), to handily trounce the market because of its leading position in a growing organic-food trend. The market for groceries is attractive for two fundamental reasons: 1. This is an enormous market -- everyone needs food and 2. The product is always in demand -- ideally, three hearty meals a day for everyone. From this large and sustainable market, organic foods have started to take up a larger slice of the pie. The move toward healthy organic foods is an undeniable, long-term trend that's here to stay.
Source: Motley Fool
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