Looking for Payouts? BTIG Points to U.S. Consumer Staples
Food, beverage, tobacco and household-product makers have fallen so far behind the rest of the S&P 500 that their dividends have appeal, according to Julian Emanuel, head of equity and derivatives strategy at BTIG LLC. Emanuel compared dividend yields on the S&P 500 Consumer Staples Index and the S&P 500 in a report Sunday. The yield gap between the industry group and the U.S. equity benchmark closed last week at 1.4 percentage points, about 0.1 point from a record set March 1. Consumer-staples stocks gained 42% as a group from the S&P 500’s March 2020 low through Friday. The S&P 500 rose 87%.