Consumer staples demand are considered to be inelastic which means it doesn’t change much over time as consumers treat these products as necessities. When the economy is struggling and cyclical companies begin showing signs of weakness, investors often try to put their money into consumer defensive companies in an effort to protect their portfolio during a downturn.
I’ve made a list of other value-adding dividend-paying stocks in the consumer staples industry for you to consider for your investment portfolio.Staples Dividend Stocks That Will Add Value To Your Portfolio
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