Fear and trepidation about monetary policy and the economy have influenced both investors’ behavior and their portfolio-building methods. But they likely haven’t impacted their trips to the grocery store. That’s because we all need food and essential goods regardless of how the economy is performing. Consumer staples are a vital portfolio diversifier, especially if you fear the possibility of an economic slowdown impacting corporate profits. Our latest addition to the Best Consumer Staples Dividend Stocks List is a packaged food producer whose products line grocery shelves nationwide.
You can check out the Best Consumer Staples Dividend Stocks List to explore all the stocks.
Thanks to strong quarterly earnings and improved fiscal guidance in 2023, our pick makes a welcome addition to income investors’ portfolios. Investors worried about the onset of a recession should also take comfort in knowing that consumer staples sell goods that people need regardless of the business cycle.
To make room for our packaged food producer, we’ve booked profits and sold off our holdings of a bakery goods company.
