I love the consumer staples business to form the core of my dividend growth portfolio. The reason being that they typically sell goods that are consumed rather quickly and create repeat customers.
Hormel Foods (HRL) has several recognizable brands outside of their namesake. Brands such as Spam, Wholly Guacamole, Jennie-O Turkey and Justin's peanut butter.
The dividend growth strategy is the one that most appealed to me. If you believe that a business is the sum of its future cash flows, discounted to the present, then a business that is already paying and growing their dividend is a great place to look to identify investment candidates.
Image by author; data source Hormel Foods Investor Relations
According to the CCC list, Hormel Foods has a 53 year streak of dividend growth. Their streak dates back to 1967 and covers just about every kind of economic and political issue imaginable.