1 Magnificent S&P 500 Dividend Stock Down 28% to Buy and Hold Forever
HSYHershey(HSY) The Motley Fool·2024-08-09 20:15

Hershey has increased its quarterly dividend 77% over the last five years and currently offers its highest yield in years.The Hershey Company (HSY 1.14%) makes many of the candy brands you'll find in every convenience store, but historically high cocoa prices are taking a toll on the business. Cocoa prices have nearly tripled since 2022, making it more costly to make candy, which is hurting Hershey's bottom line. Hershey expects full-year earnings to be flat this year, and the weak outlook for growth has ca ...