Step into the world of wise investments with a stellar dividend stock that’s been consistently outperforming in the Consumer Products sector. This well-covered mega-cap stock boasts a laudable 52-year track record of dividend increases, placing it in the top 10% of dividend stocks. Its low beta of 0.55 showcases its resilience to equity market volatility, offering diversification for your equity portfolio. This year alone, it has given a 6% return, compared to S&P 500’s 8% and Consumer Products industry’s 2% return.
Since its inclusion in our Best Consumer Staples Dividend Stocks model portfolio back in November 2021, it has delivered a healthy return of 17.25%, well ahead of the 5.73% return generated by the benchmark, Consumer Staples Select Sector SPDR Fund (XLP). Additionally, its yield surpasses 2.39% of the benchmark, making it a compelling option for balanced dividend investors.
Moreover, mark your calendar for June 1st, as a generous $1.265/share payout, marking a 10% increase, is due. But that’s not all. Dive into our in-depth stock analysis to uncover how this stock strikes an optimal balance between yield, dividend safety, return potential, and risk, exclusively in the Consumer Staples dividend stock terrain. Be a smart investor, stay informed.
