The beauty of the consumer staples sector is that it features steady revenues no matter the state of the economy. That’s the theory anyway. But some staples are better suited than others to provide that stability. This includes our latest Best Dividend Capture Stocks List pick, which has been rewarding investors with rising dividends for nearly 30 years!
You can check out the Best Dividend Capture Stocks List to explore all the stocks.
Our pick is a producer of household and personal care products. With numerous top brands under its umbrella, our pick has continued to see steady sales volumes for its products. The key for our pick is that those products fall on the value side of the equation. During times of economic duress, our pick has been able to gather extra sales as customers look to save money. The best part is our pick has a long history of keeping them once economic conditions improve.
With recessionary forces growing, our pick should be able to gather more customers and keep them in its system of products.
Given rising demand for value products and our pick’s steady cash flow, our new selection makes for 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 12, our pick is primed for the strategy, as is evident from its historical track record of a recovery period within an average of one day after going ex-dividend.
For investors looking for a quick total return of income and capital appreciation, our latest consumer stock pick could be a lucrative option.
