The U.S. economy is recovering from the pandemic, and investors are hunting for dividend stocks in industries with higher-than-average growth. Consistent revenue gains — and a boost from pandemic-fueled adoptions — have made pet stocks the perfect opportunity for strong dividend returns. Consumers are spending more money than ever on their pets. Pet spending reached $100 billion in the U.S. in 2020, showing consistent year-over-year (YOY) growth. The industry includes consumables like food, but also things like toys, grooming and veterinary care. These pet stocks can bring profits from dividends as the industry booms...
The following companies have pet-related segments that are leading their overall growth. These three pet stocks –including a a Dividend King — all pay dividends to shareholders and have a positive total-return outlook: PetMed Express (NASDAQ:PETS), General Mills (NYSE:GIS) and Colgate-Palmolive (NYSE:CL).
Source: InvestorPlace
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