The name of the game for consumer stocks these days continues to be leveraging their brands across a variety of channels. This can create a major boost to cash flows, reduce advertising spending and ultimately strengthen shareholder rewards. And that’s what our Best Consumer Staples Stocks Dividend List pick has been doing. With that comes a hefty 2.65% yield that investors can tap into before the stock does ex-dividend on Thursday, September 1!
The key is that our pick has been able to leverage its massive portfolio of billion-dollar brands. And it’s used those brands to create new products, flavors and categories across the entire snack food and beverage sectors. This has generated plenty of additional sales and helped reduce costs. Meanwhile, its brand power has created pricing power as well, helping to avoid inflationary pitfalls.
At the same time, new organic snacks, waters, teas and fitness beverages have helped provide higher margins and sales growth. In the end, our pick remains a top player in the consumer sector.
In order to make room for our new beverage pick, we’ve been forced to remove a supermarket chain from the list.
You can check out the Best Consumer Staples Dividend Stocks List to explore all the stocks.
