3 Consumer Staples Stocks For Reliable Dividends

Consumer staples stocks are known for their non-cyclical nature and defensive characteristics, providing consistent cash flows that allow them to maintain and grow dividends over time. These attributes make them particularly attractive to income-focused investors. This article highlights three companies from this sector—Archer-Daniels-Midland Company, Kellanova, and Campbell Soup Company—that are known for their impressive dividend records.

Archer-Daniels-Midland 

Archer-Daniels-Midland Company ADM is engaged in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions globally. The company is divided into three segments: Ag Services and Oilseeds, Carbohydrate Solutions, and Nutrition. 

ADM has a remarkable history of maintaining dividend payments for 54 consecutive years and has increased them for 49 years. In January, it raised its quarterly dividend by 11.1% to $0.50 per share, or $2 annually, resulting in a 3.23% yield. 

Over the past year, ADM reported $91.7 billion in revenue and $3.04 billion in net income.

Kellanova 

Kellanova K stands out in the global market for snacking, cereals, and frozen foods in North America, boasting over a century of brand legacy. Notable brands include Pringles, Cheez-It, Pop-Tarts, and Eggo. 

The company has consistently paid dividends for 54 years and currently offers a quarterly dividend of $0.56 per share, or $2.24 annually, with a yield of 3.79%. 

Over the last twelve months, Kellanova generated $12.98 billion in revenue and $920 million in net income.

Campbell Soup

Campbell Soup Company CPB produces and markets food and beverages in the U.S. and internationally, divided into Meals & Beverages and Snacks segments. The company’s portfolio includes well-known brands such as Campbell's, Goldfish, Pepperidge Farm, Prego, Snyder's of Hanover, and V8. 

Campbell Soup has maintained its dividend payments for 54 years and pays a quarterly dividend of $0.37 per share, or $1.48 annually, yielding 3.49%. 

In the past year, the company reported $9.4 billion in revenue and $739 million in net income.

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Don't miss out on this opportunity to take advantage of high-yield investments while rates are high. Check out Benzinga's favorite high-yield offerings. 

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