Top Staples Dividend Picks For The Day

Alexis Guardo
Updated

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! Therefore, these companies provide a strong reliable stream of constant income which is a great diversifier during economic downturns. I’ve made a list of other value-adding dividend-paying stocks in the consumer staples industry for you to consider for your investment portfolio.

Liquor Stores N.A. Ltd. (TSX:LIQ)

LIQ has a good dividend yield of 3.52% and a reasonably sustainable dividend payout ratio , with an expected payout of 63.99% in three years. Despite LIQ’s last payment of $0.36 being lower than their dividend per share 10 years ago of $1.62, the company has been reliable in its payout to shareholders, not missing a payment during this time. The company’s latest earnings per share figure was CA$-3.6, up 83.69% from the previous year.

TSX:LIQ Historical Dividend Yield Dec 16th 17
TSX:LIQ Historical Dividend Yield Dec 16th 17

Dorel Industries Inc. (TSX:DII.B)

DII.B has a juicy dividend yield of 5.02% with a large payout ratio . DII.B’s dividends have seen an increase over the past 10 years, with payments increasing from $0.5 to $1.2 in that time. The company has been a dependable payer too, not missing a payment in this 10 year period. Dorel Industries could be a good investment for its future growth, with analysts expecting the company’s earnings to grow by an exciting triple-digit over the next 12 months

TSX:DII.B Historical Dividend Yield Dec 16th 17
TSX:DII.B Historical Dividend Yield Dec 16th 17

The North West Company Inc. (TSX:NWC)

NWC has a great dividend yield of 4.05% and pays out 92.54% of its profit as dividends . While there’s been some fluctuation in the yield over the last 10 years, the dividends per share have increased in this time. Over the next 12 months, analysts are predicting double digit earnings growth of 32.73%.

TSX:NWC Historical Dividend Yield Dec 16th 17
TSX:NWC Historical Dividend Yield Dec 16th 17

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.