The consumer staples sector is facing a trifecta of headwinds. This has investors deeply downbeat about companies like PepsiCo (NASDAQ: PEP), McCormick (NYSE: MKC), Clorox (NYSE: CLX), and Hormel (NYSE: HRL). However, all four are highly reliable dividend growers, and they've each survived material headwinds before. With yields as high as 5.7%, here's why dividend lovers should consider buying while the rest of Wall Street is fearful. From a big-picture perspective, the market isn't missing anything. Consumer buying habits are changing, with a notable shift toward healthier products. That's as true for food companies like PepsiCo, McCormick, and Hormel as it is for the cleaning and hygiene products that Clorox is known for. At the same time, inflation has strained consumer budgets, leading many to pull back on spending. That inflation, meanwhile, is also increasing companies' costs, putting pressure on margins as it becomes increasingly difficult to push through price increases. Image source: Getty Images.
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