Beauty, Grooming, Health Care, Fabric & Home Care, and Baby – these are the 5 product segments of our most recently reaffirmed company on Best Consumer Staple Dividend Stocks List.
In each of these categories, the company offers branded, consumer-facing products, giving it solid margins and brand recognition in a competitive space. Its incredibly well-diversified product lineup has led it to outperform the S&P 500 (SPY) and Consumer Staples Select Sector SPDR ETF (XLP) by ~16% and ~6%, respectively, over the past year.
The consumer staples sector is well-known for being a defensive play in times of broad market turbulence. People still need to use healthcare and personal grooming products on a daily basis, regardless of what the economy is doing.
For the major players in this space to separate from one another, quality management is needed to guide, protect and take appropriate risks. Our reaffirmation in this stock is due in part to the recognition of this top-rate management team’s highly effective company-level reorganization and strategic refocus efforts.
For investors looking to weather the current storm of volatility, look no further than this dividend aristocrat with a 60+ year track record of increasing its dividend. Watch for when it goes ex-dividend on Tuesday, August 2 (estimated date).
You can check out the Best Consumer Staple Dividend Stocks List to explore all the stocks.
