Wine has seen an increase as a proportion of total alcohol consumption in North America. Millennials, the generation which recently surpassed baby boomers as the largest demographic, are particularly fond of wine. Let’s take a look at 2 dividend stocks for investors who want to get in on this trend.
Andrew Peller Ltd. (TSX:ADW.A) produces and markets wine and winemaking products boasting brands like Peller Estates, Trius, Sandhill, Copper Moon, and others. The stock has increased 4.7% in 2017 and is down 3.5% year over year as of morning trading on October 18.
The company released its first quarter results on August 9. Sales were up 0.8% to $88.6 million on growth across its trade channels. The stock offers a solid dividend of $0.05 per share representing a 1.5% dividend yield. It has delivered dividend-growth for 11 years and counting.
Corby Spirit and Wine Ltd. (TSX:CSW.A) is a marketer and distributor of spirits and wines. This includes brands like Jameson, Wiser’s, Absolut Vodka, and others. The stock has dropped 1.4% in 2017 and 3.3% year over year.
The company released its fourth quarter results on August 23. Revenues were up 8% mainly due to increased shipping volumes from select brands. Net earnings climbed 1% to $25.6 million or $0.90 per share. The stock offers a dividend of $0.21 per share representing an attractive 3.8% dividend yield. The company has declared dividend-growth for 6 years now.