Consumer staples such as household and personal products have relatively stable demand over time – people don’t stop cleaning their houses during an economic downturn! Therefore, these companies provide a strong reliable stream of constant income which is a great diversifier during economic downturns. If you’re a long term investor, these high-dividend consumer staples stocks can boost your monthly portfolio income.
Pental Limited (ASX:PTL)
PTL has an appealing dividend yield of 8.71% and is currently distributing 77.48% of profits to shareholders . Despite there being some hiccups, dividends per share have increased during the past 10 years. Pental is also reasonably priced, with a PE ratio of 8.9 that compares favorably with the Asia Household Products average of 24.8. Dig deeper into Pental here.
Tamawood Limited (ASX:TWD)
TWD has a substantial dividend yield of 6.82% and is paying out 78.66% of profits as dividends . In the last 10 years, shareholders would have been happy to see the company increase its dividend from AU$0.20 to AU$0.27. Much to the delight of shareholders, the company has not missed a payment during this time. Tamawood is also reasonably priced, with a PE ratio of 11.5 that compares favorably with the AU Consumer Durables average of 15.6. More detail on Tamawood here.
Shriro Holdings Limited (ASX:SHM)
SHM has a substantial dividend yield of 7.91% and pays 72.07% of it’s earnings as dividends , and analysts are expecting a 74.30% payout ratio in the next three years. SHM is among the markets top 25% of dividend payers, which is certainly enticing for interested investors. The company’s latest earnings per share figure was A$0.14, up 10.17% from the previous year. Continue research on Shriro Holdings here.
For more solid dividend paying companies to add to your portfolio, explore this interactive list of top dividend payers.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.