While consumer discretionary stocks have been among the worst performers so far in 2022, investors probably shouldn’t write off the sector entirely. Discretionary stocks that sell directly to consumers are in a better position to thrive amid supply disruptions and a generational surge in inflation. Our latest reaffirmation for the Best Consumer Discretionary Dividend Stock List reflects this opportunity.
When investors think of the consumer discretionary sector, they often think of companies that are more sensitive to the business cycle. Prolonged periods of liquidity tightening, weak economic growth, and global supply chain disruptions usually don’t bode well for discretionary plays. Luckily, our discretionary pick is an American toolmaker that focuses primarily on high-end tools and diagnostics for heavy-duty industries. Its unique position has allowed it to overcome much of the post-pandemic uncertainty surrounding supply chain disruptions and inflation.
The stock has a respectable record of increasing its dividend payment and just posted stellar quarterly results. Its expected ex-dividend payment date is May 19, 2022.
You can check out the Best Consumer Discretionary Dividend Stocks List to explore all the stocks.
