There’s a reason why dividend investors are drawn to consumer staples stocks: the steadfastness of their earnings is unmatched. After all, we need to brush our teeth, wash our clothes and buy paper towels no matter what the economy is doing. This provides a steady base of earnings out of which to pay dividends. But not all consumer staples stocks are the same. Some are simply in a league of their own, and the latest pick in our Best Dividend Growth Stocks Model Portfolio is one of them.
Our pick is one of the largest consumer staples firms on the planet, with billions in sales and some of the top category-leading brands under its belt. This has provided our pick with decades’ worth of dividends and cash flows for its investors.
The best part is that our pick continues to innovate. After some activist intervention, our pick has gotten its mojo back, slimmed down, and used its mega brands to build tangential products and create new categories. This has led to a massive uptick in sales and demand.
With its continued growth, our pick is poised to keep its dividend streak going for another five decades. The stock is expected to go ex-dividend next on April 29, 2022 (estimated date).
You can check out the Best Dividend Growth Stocks Model Portfolio to explore all the stocks.
