Best Staples Dividend Stock Picks
Consumer staples demand are considered to be inelastic which means it doesn’t change much over time as consumers treat these products as necessities. Although this sector may not produce spectacular growth, they do provide a strong reliable stream of constant income which is a great diversifier during economic downturns. If you’re a long term investor, these high-dividend consumer staples stocks can boost your monthly portfolio income.
Universal Corporation (NYSE:UVV)
UVV has a large dividend yield of 4.12% and their payout ratio stands at 139.82% . UVV’s dividends have seen an increase over the past 10 years, with payments increasing from $1.8 to $2.2 in that time. They have been reliable as well, ensuring that shareholders haven’t missed a payment during this 10 year period. UVV has a debt to equity ratio of 35.15%, which gives me confidence about its ability to finance the company in the future.
M.D.C. Holdings, Inc. (NYSE:MDC)
MDC has a decent dividend yield of 2.96% and the company has a payout ratio of 32.96% , and analysts are expecting the payout ratio in three years to hit 35.31%. The company’s dividends per share have risen from $0.8818 to $0.9259 over the last 10 years. The company has been a reliable payer too, not missing a payment during this time. M.D.C. Holdings’s earnings per share growth of 84.27% over the past 12 months outpaced the us consumer durables industry’s average growth rate of 11.28%.
B&G Foods, Inc. (NYSE:BGS)
BGS has a juicy dividend yield of 5.60% and the company currently pays out 122.25% of its profits as dividends . While the yield has dropped at times in the last 10 years, dividends per share during this time have increased overall from $0.848 to $1.86. B&G Foods also looks promising for it’s growth over the next year, with analysts expecting a double digit earnings per share increase of 40.38%.
For more solid dividend payers to add to your portfolio, you can use our free platform to explore our 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.
