Consumer staples demand are considered to be inelastic which means it doesn’t change much over time as consumers treat these products as necessities. This means these staple stocks make for great defensive investments that demonstrate high dividends due to stable cash flows. If you’re a long term investor, these high-dividend consumer staples stocks can boost your monthly portfolio income.
QAF Limited (SGX:Q01)
Q01 has an appealing dividend yield of 4.81% and pays 88.66% of it’s earnings as dividends . While there’s been some fluctuation in the yield over the last 10 years, the dividends per share have increased in this time. Investors will be glad to know the company has maintained a positive earnings growth over the last few years. It’s eps growth rate over the past five years has been 8.62%. More detail on QAF here.
Best World International Limited (SGX:CGN)
CGN has a decent dividend yield of 3.04% and is distributing 40.53% of earnings as dividends . Although investors would have seen a few years of reduced payments, it has so far always picked up again, with dividends increasing from S$0.0087 to S$0.052 over the past 10 years. Analysts are optimistic on the company’s future earnings growth, estimating a 56.10% increase in the next three years. Continue research on Best World International here.
Sheng Siong Group Ltd (SGX:OV8)
OV8 has a good-sized dividend yield of 3.47% and pays 71.10% of it’s earnings as dividends , with the expected payout in three years being 71.70%. The company’s yield puts it among good company – the top 25% of the market. More on Sheng Siong Group here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.