Consumer staples demand are considered to be inelastic which means it doesn’t change much over time as consumers treat these products as necessities. The sector is not susceptible to business cycles and performs relatively better during bad times, which means it may provide a strong reliable stream of income through dividend payouts. As a long term investor, I favour these consumer staples stocks with great dividend payments that continues to add value to my portfolio.
Oil-Dri Corporation of America (NYSE:ODC)
ODC has a good-sized dividend yield of 2.42% and the company has a payout ratio of 55.40% . ODC’s dividends have seen an increase over the past 10 years, with payments increasing from $0.52 to $0.92 in that time. Much to the delight of shareholders, the company has not missed a payment during this time. Oil-Dri of America’s earnings per share growth of 16.08% over the past 12 months outpaced the us household products industry’s average growth rate of 12.33%. Dig deeper into Oil-Dri of America here.
Village Super Market, Inc. (NASDAQ:VLGE.A)
VLGE.A has a enticing dividend yield of 4.12% and pays out 65.81% of its profit as dividends . Despite there being some hiccups, dividends per share have increased during the past 10 years. Comparing Village Super Market’s PE ratio against the US Consumer Retailing industry draws favorable results, with the company’s PE of 16 being below that of its industry (22.6). More on Village Super Market here.
SpartanNash Company (NASDAQ:SPTN)
SPTN has a good dividend yield of 2.95% and a reasonably sustainable dividend payout ratio , with an expected payout of 33.70% in three years. SPTN’s dividends have increased in the last 10 years, with DPS increasing from $0.2 to $0.66. They have been consistent too, not missing a payment during this 10 year period. More on SpartanNash 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.