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. As a long term investor, I favour these consumer staples stocks with great dividend payments that continues to add value to my portfolio.
GrainCorp Limited (ASX:GNC)
GNC has a good dividend yield of 3.81% and the company has a payout ratio of 54.80% . Despite some volatility in the yield, DPS has risen in the last 10 years from $0 to $0.3.
Coca-Cola Amatil Limited (ASX:CCL)
CCL has a large dividend yield of 5.40% and is distributing 186.26% of earnings as dividends . Although there has been some volatility in the company’s dividend yield, the DPS over a 10 year period has increased from $0.335 to $0.46. Coca-Cola Amatil is also a strong prospect for its future growth, with analysts expecting the company’s earnings to grow by an exciting triple-digit over the next three years.
Woolworths Limited (ASX:WOW)
WOW has a decent dividend yield of 3.10% and has a payout ratio of 75.84% . While there’s been some level of instability in the yield, WOW has overall increased DPS over a 10 year period from $0.78 to $0.84.
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.