3 Consumer Dividend Stocks for a Prolonged Coronavirus Crisis
California's move back into lockdown has dashed any hopes of a quick recovery from the COVID-19 crisis hitting the U.S. This should concern investors as more states will likely follow. As stockholders might recall, the last lockdown sent most stocks into a massive decline.
However, sales at grocery stores also surged as restaurant and bar closures led to more eating and drinking at home. This also brought a revived interest in some specific dividend stocks that many investors tended to ignore in the past.
Prospective stock buyers should pay more attention. Not only do many of these stocks produce higher dividend yields than the S&P 500 average of about 1.9%, but they also could draw interest for longer periods as customers return to grocery stores. Companies such as Campbell Soup (NYSE: CPB), Kimberly-Clark (NYSE: KMB), and Target (NYSE: TGT) should benefit as large percentages of the population go back into lockdown. Let's take a closer look at these three consumer staples stocks that also offer a dividend.
Source Fool.com
