5 Consumer Staple Dividend Stocks To Enrich Your Portfolio

5 Rock-Solid, Dividend-Paying Stocks

The Clorox Company (CLX - Free Report) announced a 5% increase in its quarterly dividend on May 20, taking it from $1.06 to $1.11 per share, which marked its 20th straight year of a dividend hike. The annualized dividend now stands at $4.44 per share compared with $4.24 in the same period last year. This renowned soap and cleaning products provider flaunts a Zacks Rank #1 (Strong Buy) and VGM Score of B. Notably, Clorox has a dividend payout of 62.2% and a dividend yield of roughly 2%. With an annual free cash flow return on investment of 31.3% ahead of the industry’s 22.6%, the dividend payment is likely to be sustainable. Clorox, which has rallied 35.9% year to date, has long-term earnings per share growth rate of 5.8%. 

Medifast, Inc. (MED - Free Report) is another worthwhile bet, with a dividend yield of 3.8% and a dividend payout of 73%. This provider of weight loss, weight management, and healthy living products declared a quarterly dividend of $1.13 per share on Jun 17, which reflects an annualized rate of $4.52, compared with $3.38 last year.  With an annual free cash flow return on investment of 63.9%, way ahead of the industry’s 7.2%, the dividend payment is likely to be sustainable. Medifast sports a Zacks Rank #1 and VGM Score of B.

Investors can count on Flowers Foods, Inc. (FLO - Free Report), which possesses a Zacks Rank #2 and VGM Score of A. This provider of packaged bakery products has been paying out dividends for 71 straight quarters now. We note that Flowers Foods announced a 5.3% hike in its quarterly dividend on May 21, taking it to 20 cents per share. The annualized dividend now stands at 80 cents per share compared with 76 cents in the same period last year. Notably, the company has a dividend payout of 74.5% and a dividend yield of 3.5%. With an annual free cash flow return on investment of 10.9%, ahead of the industry’s 7.2%, the dividend payment is likely to be sustainable.

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