With the global economy expected to slow further in the coming year, investors continue to prioritize portfolio diversification. Although few assets outside government bonds are truly risk-off, consumer staples have been shown to weather extreme volatility. Our latest addition to the Best Consumer Staples Dividend Stocks List is a consumer packaging juggernaut that has seen its revenue surge in 2022 despite a weakening economy.
A moderation from peak inflation, declining shipping expenses and strong brand loyalty combine to make our latest pick an attractive option for income investors. While our pick doesn’t have a long history of dividend growth, its yield is double the consumer staples sector average.
To make room for our pick specializing in manufacturing and selling packaged food, we’ve cut our losses and removed a distributor of food and related products from our list.
You can check out the Best Consumer Staples Dividend Stocks List to explore all the stocks.
