Surging consumer confidence and indications of a stronger economy ahead make the consumer staples sector attractive. Investing in consumer staples stocks is safer because of their defensive nature. In fact, consumer staples stocks have the potential to counter these macro-economic headwinds. However, selecting winning stocks may prove to be difficult. Dividend yield assesses the amount of income received in proportion to the share price. Amid the current volatility, it could be a smart strategy to buy stocks that yield good dividends, thus ensuring a steady income.
Thus, based on a solid Zacks Rank #1 (Strong Buy) or #2 (Buy), and dividend yields of more than 3%, we have zeroed in on four stocks that have the potential to ride out the impending volatility. Georgia-based Flower Foods (FLO) produces and markets bakery products in the United States. New York-based Time Inc. (TIME), carrying a Zacks Rank #3, operates as a media company that publishes magazines in the United States, the United Kingdom, and internationally. Tupperware Brands (TUP) is a global direct seller of premium, innovative products across multiple brands and categories through an independent sales force. Unilever (UL) operates in the fast-moving consumer goods market in the Africa, Americas, Asia Pacific, Europe, and Middle East.
Source: Zacks
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