Consumer staples such as household and personal products have relatively stable demand over time – people don’t stop cleaning their houses during an economic downturn! This sector is considered a solid, reliable and less volatile sector for investors who are seeking slow and steady returns. If you’re a long term investor, these high-dividend consumer staples stocks can boost your monthly portfolio income.
Vector Group Ltd. (NYSE:VGR)
VGR has a substantial dividend yield of 7.67% with a high payout ratio . VGR’s dividends have seen an increase over the past 10 years, with payments increasing from US$0.98 to US$1.60 in that time. It should comfort existing and potential future shareholders to know that VGR hasn’t missed a payment during this time. Interested in Vector Group? Find out more here.
Flowers Foods, Inc. (NYSE:FLO)
FLO has a solid dividend yield of 3.19% and their payout ratio stands at 93.54% . In the last 10 years, shareholders would have been happy to see the company increase its dividend from US$0.22 to US$0.68. To the enjoyment of shareholders, the company hasn’t missed a payment during this period. Flowers Foods is a strong prospect for its future growth, with analysts expecting the company’s earnings to increase by 77.27% over the next three years. More detail on Flowers Foods here.
Leggett & Platt, Incorporated (NYSE:LEG)
LEG has a wholesome dividend yield of 3.04% and their payout ratio stands at 65.80% . LEG has increased its dividend from US$1.00 to US$1.44 over the past 10 years. They have been consistent too, not missing a payment during this 10 year period. More on Leggett & Platt 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.