Meet the High-Yield Dividend Stock That's Quietly Crushing the S&P 500 and Nasdaq. Here's Why There's Plenty of Room to Run.
Most investors are unaware of this stock, which is up 30% year to date.
Overview
Investors looking for high-yield dividend stocks typically don't expect them to generate alpha. But in some cases, they do. Take Sonoco Products (NYSE: SON), for example.
Sonoco Products is not the oil and gas company, which is spelled differently. Sonoco Products makes packaging -- metal, paper, and plastic packages for consumer and industrial uses.
Details
It's not a stock many people know, but Sonoco is not only paying an above-average dividend yield; it is also beating the S&P 500 and the Nasdaq.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.