This Is One of the Safest Dividend Stocks You Can Buy Right Now
As multinationals in multiple industries seek government bailouts just to stay in business, and formerly solid blue chips race to withdraw earnings estimates and tap credit lines as their businesses grind to a halt, beverage manufacturer Keurig Dr Pepper (NYSE: KDP) stands out as one of the rarest of organizations: Its profits are set to rise this year.
Last week, the company told investors that it's affirming its plan to expand revenue by the low to mid single digits in fiscal 2020 and to grow diluted earnings per share by 13% to 15%. Management also held a conference call to discuss business continuity and its supply chains, given the rising demand for some of its products.
Keurig Dr Pepper reassured shareholders even as Coca-Cola (NYSE: KO), another relatively safe buy during this crisis, stated on Friday that it won't be able to meet its own 2020 outlook due to the pandemic's impact on its business.
Source Fool.com
