Concerns about the economy and financial system are creeping back into financial markets, with the S&P 500 Index struggling to break the 4,000 mark and the CBOE Volatility Index showcasing heightened levels of investor anxiety. Income investors looking to maintain a steady hand amid the turmoil are opting for sectors that have traditionally exhibited lower levels of risk while paying respectable dividends. Against this backdrop, consumer staples have become more attractive. Our latest pick in the Best Consumer Staples Dividend Stocks List is a packaged foods producer that has been in business for over 100 years.
You can check out the Best Consumer Staples Dividend Stocks List to explore all the stocks.
Our pick is the second-largest packaged bakery foods producer in the United States, serving the East, South, Southwest, West and Northwest regions of the country. The company commands a strong position in several essential food categories and just booked a solid fiscal 2022.
By taking out a higher allocation in our food producer pick, we’ve cut our exposure to a confectionary stock as part of our portfolio rebalancing efforts.
