After highlighting the performance of Sysco (SYY) during the commodity bull market from 1970 to 1983 on our recent NLO Dividend Watch List, we decided to see how another food distributor/producer stacked up against precious metal stocks.
The total return chart of ConAgra (CAG) below (courtesy of Morningstar.com) should be all you need to know about alternative investment opportunities to gold and silver stocks. Like Sysco, ConAgra has had incredible performance against precious metal stocks during a period when there is a lot of hype about the benefits of investing in stocks like Newmont (NEM) and Hecla Mining (HL). If you believe that record high inflation is coming down the road and you're a long-term investor and don't mind a 4.28% dividend yield, research in ConAgra just might be for you.
click to enlarge
Source: Morningstar.com, date range: 11/20/1972 to 11/20/1983
Disclosure: No positions