Domino's

Domino's Pizza is the world's largest pizza company, operating a heavily franchised network of stores across the United States and dozens of international markets. Its edge rests on a proprietary ordering technology stack, efficient delivery logistics and a franchise model that keeps capital requirements low while driving royalty income. Domino's has raised its dividend steadily since it began paying in the mid-2010s, backed by strong free cash flow that also funds sizable share buybacks. The yield is modest, so the appeal is dividend growth rather than headline income. It suits investors who want a rising payout from a capital-light, cash-generative franchise business.