3 Top Dividend Stocks in Packaging
The global packaging industry is forecast to grow at a compounded annual growth rate, or CAGR, of 3.5% through 2020 -- a decent hurdle for ambitious packaging corporations setting their annual revenue targets for the next three years. While aggregate packaging sales are set to hit nearly $1 trillion by 2020, not every company in this notoriously volatile industry will be able to capitalize on market opportunity. Dividend-oriented investors should consider buying into three industry leaders, each of which specializes in a different area of the sprawling packaging market: Packaging Corp of America (NYSE: PKG), Sealed Air Corporation (NYSE: SEE), and Avery Dennison (NYSE: AVY).
Each of these organizations should provide ongoing earnings and dividend growth. And they've performed exceedingly well for companies that have reinvested their dividends in the near past:
Source: Fool.com
Avery Dennison Stock
With 21 Buy predictions and not a single Sell prediction Avery Dennison is an absolute favorite of our community.
As a result the target price of 215 € shows a slightly positive potential of 9.14% compared to the current price of 197.0 € for Avery Dennison.
