Thanks to that reliable income, Crown Castle has been able to pay a quarterly dividend since 2014 and increase its annual payout every year since 2018. The 3% return may not be exciting, but given the relatively low risk and safe future, that’s a fair payout.
Investors who keep a close eye on consumer goods stocks probably know that these companies don’t pay much these days. Procter & Gamble, for example, currently has a meager yield of 2.2%, while CloroxThe return of 2.7% is not that much better. Neither outfit has improved its dividends much lately.
However, there are some stocks in the highly reliable consumer goods sector that are worth owning for income-oriented investors. Chief among them at the moment is that of the UK Unilever PLC (NYSE: UL), with a dividend yield of more than 3.8%.
You may know the organization better than you think. Unilever is the mother of well-known brands, including Hellmann’s mayonnaise, Dove soap and Vaseline, to name a few, as well as a slew of foreign brands that most North American investors have probably never heard of. Unilever’s international reach is in fact a big part of why Unilever should be so attractive to North American investors.