Week 35, 2020

For Monday, August 24, the pick is Spectrum Brand Holdings (SPB). They are a diversified global consumer products company that owns dozens of brands including Black+Decker, George Foreman, Remington and Littermaid. The most recent quarter saw 14% gains in their Home and Garden unit as a result of COVID and their other departments are all doing just fine. The current yield is 2.8%.

Next up is Yum Brands (YUM). With over 50,000 restaurants in 150 countries, the corporate owners of Taco Bell, KFC, and Pizza Hut are not going anywhere anytime soon. KFC alone opened 234 new restaurants last quarter! They responded quickly to COVID by embracing digital technology and have been able to re-open most of their restaurants worldwide. The current yield is just over 2%.

Maxim Integrated Products (MXIM), a company we’ve traded several times this year and last, will take the Wednesday slot. Sales are down ever so slightly from the same period a year ago, but are still quite strong. The current yield is slightly under 2.8%.

Cabot Corporation (CBT), a global provider of rubber and specialty chemicals, is up next. Due to slowdowns in the tire and automotive industries, they had some losses last quarter, but they have great cashflow from operations and should be back in full swing as everyone starts driving again. The current yield is 3.45%.

Finally, we’ll close out the week with a holdover from FebruaryBank of Hawaii (BOH). The current yield is 4.5%.