Consumer staples demand are considered to be inelastic which means it doesn’t change much over time as consumers treat these products as necessities. Therefore, these companies provide a strong reliable stream of constant income which is a great diversifier during economic downturns. Today I will share with you my list of high-dividend consumer staples stocks you should consider for your portfolio.
Weis Markets, Inc. (NYSE:WMK)
WMK has a good dividend yield of 3.11% and their current payout ratio is 42.53% . Weis Markets’s earnings per share growth of 18.41% over the past 12 months outpaced the us consumer retailing industry’s average growth rate of 9.39%. Dig deeper into Weis Markets here.
Universal Corporation (NYSE:UVV)
UVV has a large dividend yield of 4.39% and distributes 163.12% of its earnings to shareholders as dividends . UVV has a debt to equity ratio of 30.63%, which gives me confidence about its ability to finance the company in the future. Continue research on Universal here.
M.D.C. Holdings, Inc. (NYSE:MDC)
MDC has a wholesome dividend yield of 3.99% and the company currently pays out 39.05% of its profits as dividends . More detail on M.D.C. Holdings here.
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.