With the global economy teetering on the brink of recession, investors are increasingly shifting to a risk-off posture to safeguard their portfolio. Although traditional equities have provided little reprieve from the volatility in 2022, certain sectors are more likely to serve a risk-averse portfolio. Our latest addition to the Best Consumer Dividend Stocks List has enjoyed positive earnings growth and has a solid history of dividend increases.
Thanks to aggressive cost-cutting measures, improved operational efficiencies and a stronger brand presence, our pick makes a welcomed addition to income investors’ portfolios. The stock’s positive earnings guidance during a volatile 2022 reaffirms our belief that our pick is well-positioned for a prolonged downturn.
To make room for our latest packaged foods producer, we’ve been forced to remove a large chocolate manufacturer from our list.
You can check out the Best Consumer Staples Dividend Stocks List to explore all the stocks.
