Investors hoping for relief from lower interest rates may have to keep waiting. With borrowing costs threatening to stay higher for longer, many are turning to dividend stocks. Growth stocks feel the pinch of expensive capital. Defensive sectors look like a safer place to park money.
Consumer staples stocks are at the front of that line. Demand for food, beverages and toiletries holds up even when prices rise. That steady demand produces predictable cash flow, and predictable cash flow funds reliable dividends.
