Consumer staple companies make great dividend stocks because people buy things like food and beverages regardless of the economy. Food conglomerate Lancaster Colony (NASDAQ: LANC) may not have the name recognition of a company like Coca-Cola . Still, it's been growing its payout for the same 59 years that Coca-Cola has!
What's more, Lancaster Colony has handily delivered better investment returns than Coca-Cola over the past decade, so it's time to get to know this little-known Dividend King. Here's why investors should consider Lancaster Colony for their long-term portfolio.
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Check Out This Dividend King You've Probably Never Heard Of