These days, it’s all about two words: pricing power. For firms that have it – especially in the consumer sector – the current inflationary environment is quickly becoming a breeze to handle. Our Best Consumer Staple Dividend Stocks List pick has that power in spades!
Key is our pick’s focus on premium branding. The firm is behind some of the biggest multi-billion brands across a variety of consumer product categories. Its premium nature and strong consumer demand keeps its cash flows high. And with the ability to raise prices, the firm has reported solid numbers during this inflationary period.
Better still is that our pick has found growth in using its top brands to expand into new categories and tangential product offerings. This has only boosted its appeal further and made it a strong dividend contender for the current environment.
With a long multi-decade dividend history, cost controls working and boosted cash flows, our pick is a great stock in the sector. Watch for it when the stock is expected to go ex-dividend next on Friday, April 29 (estimated date).
You can check out the Best Consumer Staple Dividend Stocks List to explore all the stocks.
