Three High-Quality Businesses Adapting To And Benefiting From The Pandemic

The COVID-19 pandemic of 2020 has been an extremely unfortunate event.

With lives and livelihoods lost, it’s been a brutal year for too many people.

I’m sure all of us wish this situation would have never happened.

But we have to deal with the reality we’re given and make the most of it.

As an investor, it’s been crazy. I’ve had to contend with the most rapidly evolving environment I’ve ever seen. I must say, after investing for a decade now, I’ve never experienced anything like this before. I’ve definitely been on my toes.

Since I’m invested in such a wide swath of the global economy, I’ve had an opportunity to see exactly how the pandemic has affected businesses large and small.

Now, some businesses have been impacted negatively by all of this. However, most of that impact appears temporary in nature.

On the other hand, I’d say that most businesses I’m invested in have been relatively unscathed.

That’s because I invest in high-quality businesses that have lengthy track records of growing profit and growing dividends. These growing dividends are paid through thick and thin.

Only companies providing the world with the products/services it demands are able to do this. These companies are some of the best in the world.

After all, you don’t put yourself in a position to pay out growing dividends for decades on end by running a poor business that can be easily upended.

This proven durability is a big reason why I’m a dividend growth investor.

And it’s why I’ve been so vocal about the strategy, even going so far as to discuss it at length in two best-selling books: The Dividend Mantra Way and 5 Steps To Retire In 5 Years.

Now, unscathed is good.

But it can and does get better.

Taking things to the next level, there are some really high-quality companies out there that are actually benefiting from the pandemic in a permanent way.

I’ll give you three quick examples from my own portfolio.

While these aren’t the only businesses adapting to and benefiting from the pandemic, I do think they’re standouts for a variety of reasons. Furthermore, all three stocks have recently hit all-time highs.

Starbucks Corporation (SBUX)

This might come as a surprise. Coffee shops across the world were shut down for a period of time.

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