With inflation at multi-decade highs and appetite for risk diminishing, consumer staples have become an essential buffer for income investors. While the sector as a whole doesn’t produce the most attractive dividend yields, food producers that have grown their revenues and profit margins amid the inflation scare are well-positioned to provide shareholder value. Our latest reaffirmation in the Best Consumer Staples Dividend Stocks List is a packaged foods producer that has performed exceptionally well as of late. Investors have until Thursday, March 2, to add it to their portfolios to reap the next regular quarterly payable dividend of $0.22 per share.
You can check out the Best Consumer Staples Dividend Stocks List to explore all the stocks.
A record year of revenue growth, higher profit margins and an aggressive response to inflation make our pick an attractive option for income investors. Our pick has increased its dividends for 20 consecutive years and currently provides a yield that’s more than double the consumer staples average.
