Related: Consumer Staples ETFs Don’t Often Do This
Many have also been attracted to the the dividend payouts from the consumer staples segment, which have become increasingly attractive as yields on benchmark 10-year Treasury notes dipped from the May high. For instance, XLP also sports a 2.72% 12-month yield, which exceeded the S&P 500’s 1.8% dividend yield and the 10-year Treasury note’s 2.87% yield.
Additionally, along with the relatively attractive yields, consumer staples companies have also produced some growth prospects as they enjoyed the ride along with other companies during the strong earnings season.
For more information on the consumer sector, visit our consumer staples category.