Investors who are looking for coffee stocks to invest in can find half a dozen that pay dividends. According to WallStreetNewsNetwork.com, there are more than ten publicly traded companies in the coffee industry.
Starbucks (SBUX) is the largest coffeehouse retailer in the world, with outlets in 50 countries and over 17,000 shops worldwide. The stock trades at 26 times forward earnings and pays a yield of 1.3%. Earnings for the latest quarter were up 34% on an 12% increase in revenues.
The J. M. Smucker Co. (SJM) is not a pure play but it sells the Folgers brand of coffee. The stock has a forward price to earnings ratio of 14 and a generous yield of 2.6%. The company just increased its dividend by 9%.
On the non-retail side, there is Coffee Holding Co. (JVA), a roaster of wholesale coffee which markets wholesale green coffee, private label coffee, and branded coffee in the US and Canada. The stock trades at 10 times forward earnings and has a small dividend yield of 1.0%. Unfortunately, earnings for the latest reported quarter dropped by 60% on an 88% increase in revenues.
For a list of all of the coffee stocks, including more than half a dozen that pay dividends, go to WallStreetNewsNetwork.com. The list can be downloaded, sorted, and updated.
Disclosure: Author didn't own any of the above at the time the article was written.
By Stockerblog.com
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