Craving steady, sweet returns in the ever-churning stock market? Look no further than consumer non-durable dividend stocks. These are the powerhouses behind the everyday essentials we can’t resist, from fizzy Cokes to frothy lattes and luxurious fragrances. Not only do they keep our shelves stocked and spirits high, but they also dish out reliable dividends, showering loyal shareholders with a cashy thank you.
But here’s the rub: sifting through countless brands to unearth the true dividend diamonds can be a chore. Worry not, discerning investor! We’ve scoured the market and handpicked 7 top-tier consumer non-durable dividend stocks poised to pamper your portfolio in 2024. So, grab your metaphorical shopping cart and let’s get splurging…on dividends, of course!
Key Takeaways
- Investing in dividend stocks is a great way to generate passive income.
- The top 7 consumer non-durable dividend stocks for December 2023 are KO, NSRGF, PEP, PG, LRLCF, LVMHF, and HESAF.
- These stocks have been selected based on their dividend yield, payout ratio, and financial stability.
- The dividend yield for these stocks ranges from 0.61% to 2.77%.
- The payout ratio for these stocks ranges from 32.49% to 87.6%.
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Let’s face it, the world loves indulging. Whether it’s a refreshing cola on a hot day, a steaming cup of joe to kickstart the morning, or a spritz of our favorite perfume, these everyday essentials bring a touch of joy and comfort to our lives. And guess what? The companies behind these beloved brands can do wonders for your portfolio too!
Enter the realm of consumer non-durable dividend stocks. These are the champions of the things we use up and repurchase regularly, offering not just reliable products but also consistent dividend payouts that reward loyal shareholders. Think of them as loyalty programs that pay you real money, year after year!
But navigating the vast landscape of consumer non-durables can be tricky. That’s why we’ve curated a list of the top 7 picks to supercharge your dividend income in 2024. Each company boasts a robust brand, resilient demand, and an attractive dividend yield, making them worthy contenders for your investment crown.
So, without further ado, let’s delve into our dividend treasure trove and discover the stocks that’ll keep your portfolio pampered and your bank account smiling!
Top 7 Consumer Non-Durable Dividend Stocks
1. The Coca-Cola Company (KO): The Timeless Fizz of Dividends (2.77% Yield)
Coca-Cola(NYSE:KO) is a leading beverage company that has been in business for over 100 years. The company has a dividend yield of 2.77% and a payout ratio of 87.6%.
If you invest $1000 in Coca-Cola, you will receive $27.70 in dividends annually.
2. Nestle SA (NSRGF)
Nestle(NASDAQ:NSRGF) is a Swiss multinational food and beverage company. The company has a dividend yield of 2.75% and a payout ratio of 66.7%.
If you invest $1000 in Nestle, you will receive $27.50 in dividends annually.
3. PepsiCo Inc (PEP)
PepsiCo(NYSE:PEP) is a leading food and beverage company that has been in business for over 100 years. The company has a dividend yield of 2.50% and a payout ratio of 68.3%.
If you invest $1000 in PepsiCo, you will receive $25.00 in dividends annually.
4. Procter & Gamble Co (PG)
Procter & Gamble(NYSE:PG) is a leading consumer goods company that has been in business for over 180 years. The company has a dividend yield of 2.43% and a payout ratio of 68.3%.
If you invest $1000 in Procter & Gamble, you will receive $24.30 in dividends annually.
5. L’Oreal SA (LRLCF)
L’Oreal is a French(NASDAQ:LRLCF) cosmetics company that has been in business for over 100 years. The company has a dividend yield of 1.80% and a payout ratio of 38.5%.
If you invest $1000 in L’Oreal, you will receive $18.00 in dividends annually.
6. LVMH Moet Hennessy Louis Vuitton SE (LVMHF)
(NASDAQA:LVMH) is a French multinational luxury goods company. The company has a dividend yield of 1.76% and a payout ratio of 47.8%.
If you invest $1000 in LVMH, you will receive $17.60 in dividends annually.
7. Hermes International S.A. (HESAF):
(MASDAQ: HESAF) is a French luxury design house that produces, markets, and sells a variety of luxury products. The company has a dividend yield of 0.61% and a payout ratio from 32.49% to 43.09%.
If you invest $1000 in Henkel, you will receive $6.10 in dividends annually.
Conclusion
In conclusion, investing in consumer non-durable dividend stocks is a great way to generate passive income. The top 7 consumer non-durable dividend stocks for year 2024 are KO, NSRGF, PEP, PG, LRLCF, LVMHF, and HESAF. These stocks have been selected based on their dividend yield, payout ratio, and financial stability. The dividend yield for these stocks ranges from 0.61% to 2.77% and the payout ratio for these stocks ranges from 32.49% to 87.6%.
Remember to do your own research before investing in any stock. The data used in this article was sourced from Nasdaq and is accurate as of December 2023. Happy investing! 
FAQs
Consumer non-durable dividend stocks are stocks of companies that produce non-durable goods such as food, beverages, and personal care products. These stocks are known for their stable dividends and are a great way to generate passive income.
These stocks were selected based on their dividend yield, payout ratio, and financial stability. The data was sourced from Nasdaq and is accurate as of December
