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ons, and we see no North Face Black Friday reason why it will not continue to survive and grow as long as mankind exists. As the global leader of a timeless consumer staple, Anheuser Busch InBev is in an enviable position. in 2009. Since then, management has grown the dividend North Face Black Friday 2015 at an annual rate of 38.7%.

Data from S Capital IQ

The chart is a little misleading. After buying Anheuser Busch, the new mega brewer slashed its dividend to pay off its new debt as fast as possible. The management team has proven themselves to be skilled deal makers, willing to cut dividends and sell assets if the net positive is a stronger and more valuable business. There is always a chance management cuts the dividend again if they can scoop up another global brewer, like SABMiller Plc (OTCPK:SBMRF). We would expect the dividend to come back once the deal is complete and the balance sheet restored.

Catalysts for Dividend Growth and Price Appreciation:AcquisitionsAnheuser Busch InBev's management team is adept at acquiring other larger brewers, cutting costs, and creating value for its shareholders. This goes back to the merger between Brazil's two Kids North Face largest breweries, Brahma and Antarctica, to create Ambev (NYSE:ABEV). North Face Black Friday Then Interbrew, at the time Europe's leading brewer, merged with Ambev to form InBev. Then InBev bought Anheuser Busch to form Anheuser Busch InBev.

To complete the Anheuser Busch transaction, InBev had to sell assets, including South Korea's largest brewer, Oriental Brewery. The sale of Oriental Brewery included a buyback clause. Earlier this year, Anheuser Busch InBev exercised this right and bought Oriental Brewery back from KKR.

Anheuser Busch InBev also purchased the rest of Grupo Modelo (OTCPK:GPMCF) that it did not own. Management targeted $1 billion in cost savings from the deal. The cost savings are expected to be delivered ahead of schedule in 2015.

Craft Beer Boom! (Then Bust)Craft beer currently represents 10.2% of the domestic beer market. Bart Watson, an economist with the Brewers Association, thinks it could reach