International Flavors and Fragrances

International Flavors and Fragrances is the world's most recognizable producer of flavors and fragrances with sales of nearly $2 billion in 2005. While the company is not alone in its niche, no other firm can match its combination of expertise and reputation.

On Wall Street, International Flavors and Fragrances is perhaps best known for a nearly unprecedented history of 39 straight years of uninterrupted dividend increases between 1956 and 2005. While the company disappointed investors who had come to believe in its infallibility, the unexpected bump in the road gain patient investors a good buying opportunity.

Flavorings and Fragrances are typically a very dull business, but consistent profits are a virtue that any investor can come to appreciate. While the company is not a bargain at any price, the safety of the company's revenue stream ensures that any downturn is the sign to buy more rather than the occasion to get out.