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Barron's: 10 Consumer Staples Stocks With Robust Dividends

Barron's: 10 Consumer Staples Stocks With Robust Dividends
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By    |   Friday, 16 October 2020 12:09 PM

For savvy investors always on the prowl for yield,  consumer staples shares have provided bountiful rewards.

Barron’s recently screened for growing payouts and reasonable valuations.

After the dust settled and the financial publication crunched the numbers, here is their top 10 list:

  • Tyson Foods (TSN) claimed the top spot, with 21.2% growth, and it also had one of the higher yields, at 2.1%.
  • Kroger (KR) took the No. 2 spot, with 13.8% growth and a 2.1% yield, even as the stock has rallied 20% year to date.
  • Mondelez International (MDLZ) saw one-year dividend growth rise 13.5%, and the shares yield 2.2%.
  • Hormel Foods (HRL) notched 12% dividend growth and yields 1.9%.
  • Lamb Weston (LW) saw 9.9% growth and the frozen potato products maker yields 1.3%.
  • Altria Group (MO) grew its dividend 9.3% in the past year, and has the highest yield, at 8.5%.
  • Clorox (CLX) delivered 8.9% growth and yields 2.1%.
  • Hershey Co. (HSY) has seen 8.5% dividend growth and yields 2.2%.
  • Walgreens Boots Alliance (WBA) saw dividend growth of 8.4% and yields 5.1% after falling more than 37% this year.
  • PepsiCo (PEP) rounds out the list, with 5.7% dividend growth and a 3% yield.

Meanwhile, the pandemic may leave a permanent mark on European dividends, the main vehicle by which equity investors have made money in the region’s stocks in this century.

Some payouts halted after the first surge of COVID-19 cases are starting to come back, but sectors including banking and energy face structural pressures. That could usher in long-term changes in Europe’s investment landscape, where shareholders tend to be rewarded with dividends rather than the buybacks popular in the U.S., Bloomberg reported.

“For most companies, this is just another cycle, albeit one with an unprecedented disruption of physical activity,” said Sam Witherow, a portfolio manager at JPMorgan Asset Management. “However, for others, this crisis has accelerated structural pressures and hastened a painful reckoning. Good examples would be banks or big oil.”

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For savvy investors always on the prowl for yield,  consumer staples shares have provided bountiful rewards.
consumer staples, stocks, dividends
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2020-09-16
Friday, 16 October 2020 12:09 PM
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