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60 Year-increasing Personal Care Products Firm Reaffirmed in Best Dividend Protection Stocks Model Portfolio

Consumer staples are known for their stability. After all, we need to wash our clothes, do dishes and brush our teeth no matter what the economy is doing. This fact makes them great dividend stocks. Our latest Best Dividend Protection Stocks Model Portfolio pick is a prime example of this, offering a growing dividend for nearly six decades. Investors can take advantage of that opportunity and its 2.4% yield before Thursday, October 20, when the stock goes ex-dividend with a regular payout of $0.47 per share.

Our pick is one of the largest producers of consumer products in the world, with a portfolio of brands covering a variety of segments. The win for our pick has been its place in the sweet spot. That is, its products are not value oriented or premium in nature. This has allowed it to benefit from various economic conditions and still have plenty of pricing power.

Moreover, our pick has continued to expand into more natural as well as entry-level premium products, allowing it to expand its consumer base and keep more customers within its system as income has grown.

The end result is a strong consumer products firm with steady cash flows as well as enough growth behind it. This makes it an appealing choice fo conservative investors.

You can check out the Best Dividend Protection Stocks Model Portfolio to explore all the stocks.

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