Investment Thesis
As dividend growth stocks go, I like consumer staples companies with dominant market share or ones that are the major players in niche markets. One has to only look at the success of Hormel Foods Corporation (HRL), McCormick & Company (MKC), PepsiCo Inc. (PEP), and Coca-Cola Company (KO) to understand why. These companies dominate their respective market areas of branded meats, spices, salty snacks, and non-alcoholic beverages. In turn, this has translated into solid capital return to shareholders through dividends and share buybacks over many