The beauty of the consumer staples sector remains its consistency. No matter the economic environment, we still need its products to run our daily lives. Our latest Best Consumer Staples Dividend Stocks List addition has been a model of steadiness for decades, with over 50 years’ worth of dividend increases. Investors can take advantage of our pick’s prowess by purchasing the stock before it goes ex-dividend on Thursday, June 8.
You can check out the Best Consumer Staple Dividend Stocks List to explore all the stocks.
Our pick’s chosen niche is the paper and personal hygiene sector. There’s nothing particularly glamorous about toilet paper, sanitary pads and diapers, but they are items that are needed on a daily basis. With some of the top brands across these various categories, our pick generates billions in cash flow from its sales.
At the same time, our pick has continued to expand globally, adding new paper product brands in Asia and Latin America to find additional growth.
Perhaps most exciting has been its continued growth in the professional and professional market. Our new pick is a leader in life science paper needs, hazmat and facility management products. With high margins and long-term contracts, our pick has been able to realize strong recurring revenues from this segment.
All in all, the combination of steady-eddy produces plenty of cash flow and dividend growth for investors.
In order to make room for our new paper products as well as a packaged food producer, we’ve sold our holdings in a snack food maker.
