With the equities market increasingly coming under pressure due to financial stability concerns, investors may want to consider consumer staples stocks to buy for reliable dividends. Fundamentally, these enterprises cater to needs, not wants.
As well, the offering of passive income gives investors some confidence to ride out any storms. True, these consumer staples stocks don’t necessarily represent the most generous enterprises. However, with a payout ratio sitting between 20% to 50%, the underlying yields should be sustainable. Anyways, what good is an extremely high yield if the company will be forced to cut it soon? Plus, enterprises that offer consistent dividends imply that they operate stout, dependable businesses. With storm clouds on the horizon, these are the consumer staples stocks to buy.
This post appeared first on InvestorPlace.