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Highlights
- As the UK government has recently announced a ban on Russian oil imports in a phased manner, the pressure on household budgets is all set to rise.
- There are various consumer-focused companies listed on the London Stock Exchange that are offering good dividends to their shareholders.
The UK inflation levels have been touching the roof lately, and the Russia-Ukraine war has further worsened the situation for Britons. The UK government has recently announced a ban on Russian oil imports in a phased manner, and the pressure on household budgets is all set to rise in the coming months. Energy costs are soaring, food and fuel are becoming more expensive, at the same time interest rates hike by the Bank of England to counter the impact of soaring inflation may affect the borrowings as well.
Discretionary spending is expected to fall due to a squeeze in budgets, while the price of staples may go up. During these times of economic uncertainty, investors are focusing on maximising their gains. There are various consumer-focused companies listed on the London Stock Exchange that are offering good dividends to their shareholders, which is a good source of passive income for investors.
Here are 5 dividend-paying consumer stocks which may be added to the investors’ portfolio after carrying out an in-depth analysis of their prospects.
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Imperial Brands plc (LON: IMB)
Imperial Brands is currently offering a dividend yield of 9.0% a year, and its 5-year dividend yield stands at 8.8%. Imperial Brands plc’s shares were trading at GBX 1,548.50, up by 0.68%, at 9:27 AM (GMT) on 11 March 2022.
The market cap of the Bristol-headquartered tobacco firm Imperial Brands plc stands at £14,617.28 million as of 11 March 2022. The FTSE100-listed firm has provided its shareholders with a return of 13.17% over the last one year as of 11 March 2022.
British American Tobacco PLC (LON: BATS)
British American Tobacco is currently offering a dividend yield of 7.0% a year, and its 5-year dividend yield stands at 6.1%. British American Tobacco plc’s shares were trading at GBX 3,116.50, up by 0.53%, at 9:31 AM (GMT) on 11 March 2022.
The market cap of the London-headquartered cigarette manufacturer, British American Tobacco plc, stands at £70,959.97 million as of 11 March 2022. The FTSE100-listed firm has provided its shareholders with a return of 18.74% over the last one year as of 11 March 2022.
Bakkavor Group plc (LON: BAKK)
Bakkavor Group is currently offering a dividend yield of 6.1% a year and its 5-year dividend yield stands at 3.5%. Bakkavor Group plc’s shares were trading at GBX 109.60, up by 0.92%, at 9:42 AM (GMT) on 11 March 2022.
The market cap of the UK-based food manufacturer, Bakkavor Group plc, stands at £629.26 million as of 11 March 2022. The firm has provided its shareholders a return of 9.60% over the last one year as of 11 March 2022.
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Devro plc (LON: DVO)
Devro is currently offering a dividend yield of 4.8% a year, and its 5-year dividend yield stands at 4.5%. Devro plc’s shares were trading at GBX 109.60, up by 0.92%, at 9:42 AM (GMT) on 11 March 2022.
The market cap of the leading sausage-casing maker, Devro plc, stands at £321.21 million as of 11 March 2022. The firm has provided its shareholders with a return of 6.76% over the last one year as of 11 March 2022.
J Sainsbury plc (LON: SBRY)
Sainsbury is currently offering a dividend yield of 4.2% a year, and its 5-year dividend yield stands at 3.6%. J Sainsbury plc’s shares were trading at GBX 255.40, up by 1.31%, at 9:59 AM (GMT) on 11 March 2022.
The market cap of the UK-based supermarket chain, J Sainsbury plc, stands at £5,881.43 million as of 11 March 2022. The firm has provided its shareholders with a return of 8.66% over the last one year as of 11 March 2022.
