It’s no secret that consumers are feeling the pinch these days. Rising prices and inflationary pressures have constrained budgets. To that end, consumers are looking to save money wherever they can. That’s directly benefiting our latest staples pick for the Best Dividend Capture Stocks List.
Our pick is a major producer of various consumer products. The key win for our pick is that its laundry soap, toothpaste, and other household needs often fall on the value side of the spectrum. With prices high, consumers have been flocking to its offerings in a big way. And historically, they stay with them when the recessionary/inflationary pressures end.
For our pick, this fact has produced plenty of dividend growth for the long haul.
Because of this strength, our pick is also a great dividend capture play. A dividend capture strategy involves buying a stock before its ex-dividend date and then selling it after it has recovered the payout. With an ex-dividend date of Friday, May 13, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of 1.2 days after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest consumer staples pick has the potential to give you what you need.
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
