British American Tobacco (NYSE: BTI) is a prime beneficiary. The asset managers at Hartford Funds looked at the performance of the benchmark S&P 500 going all the way back to 1930 and found that dividends contributed 40% to the total return of the index over that 91-year period. While inflation and supply chain issues will likely constrain performance in the months ahead, the owner of Cheerios, Wheaties, Pillsbury, Betty Crocker, and other name-brand category leaders was able to raise prices to offset the impacts while using its scale to ensure its products remained on store shelves.