In fact, high-yielding food-related dividend stocks are some of the best ways for investors to generate passive income. After all, when costs of goods go up, these companies will raise their prices to stay safe.

Here’s a look at 3 food dividend investments with solid yields.

B&G Foods Inc. (NYSE: BGS)

Dividend Yield: 6.46%

With a dividend yield of 6.46%, B&G Foods manufacturers, sells and distributes shelf-stable, frozen foods, and household products in the U.S., Canada, and Puerto Rico. At the moment, it has about 50 brands in its portfolio. In fact, if you have Cream of Wheat, Crisco, Dash, Green Giant, Las Palmas, Le Sueur, Mama Mary’s, Maple Grove Farms, New York Style, Ortega, or Polaner on your shelf, you’re a B&G Foods customer.

Granted, the BGS chart and recent earnings growth are nothing to write home about.

 However, don’t write the stock off just yet. According to Casey Keller, President, and CEO of B&G Foods, its brands are well-positioned to capitalize on at-home cooking trends.  Also, the company has been raising its prices and cost-saving initiatives to protect itself from inflation.

Better, the company has paid out a dividend every quarter since its IPO in late 2004. Its current yield of 6.46% keeps investors coming back for more. Even more impressive, the yield exceeds the average dividend yield of about 2% on the S&P 500.

Kraft Heinz Co. (NASDAQ: KHC)

Dividend Yield: 4.35%

We’re all well aware of Kraft Heinz, which manufacturers and markets food and beverage products all over the world. In 2020, the company produced nearly $26.2 billion, as it benefited from the “at-home food demand” during the pandemic.

Better, despite all of the chaos with the food chain, the stock is positive on the year, running from $32.89 to $37.20. KHC is also a solid dividend play with a 4.35% dividend yield.

Being well prepared for the pandemic and supply chain problems helped.

For one, the company made strategic manufacturing investments at the start of the pandemic to keep up with ketchup packet demand. All as consumers have increased packaged goods spending throughout the pandemic.

Two, according to Kraft Heinz CEO Miguel Patricio, “While industry challenges, like cost inflation, certainly remain, the investments we are making in our people, brands, and capabilities are enabling us to leverage our tremendous scale through greater agility and build our advantage in the markets we serve around the world.”

Three, we must remember that Kraft Heinz is one of the most durable dividend stocks. In addition, the company’s e-commerce division is thriving. In fact, according to the company’s investor deck, it has seen 100% e-commerce growth with about $1.5 billion in global sales.

Hormel Foods Corporation (NYSE: HRL)

Dividend Yield: 2.31%

With a dividend yield of 2.31%, Hormel Foods is another solid stock to consider. While it recently fell from about $45 to a low of $40.74, the stock is starting to recover.  In fact, from a current price of $42.70, we’d like to see it refill its bearish gap around $45, near-term.

Analysts appear to like the stock, as well. JP Morgan analyst Thomas Palmer, for example, upgraded the HRL stock to Neutral from Underweight with a $42 price target.

According to TheFly.com, the analyst “expects Hormel’s operating margin to benefit from price increases, turkey industry fundamentals to improve, and Planters to provide an ‘earnings tailwind.’ He also expects the company to deploy its free cash flow net of the dividend mainly for debt reduction, which he says can drive higher valuation for food stocks.”

Also, Hormel’s $3.35 billion acquisition is expected to see higher revenue and better earnings moving forward. That could fuel even more dividend growth. Plus, with a solid balance sheet, Hormel remains a safe investment.