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Prediction: These 3 Dividend Stocks Will Raise Their Payouts No Matter What the Market Does

2026-10-14 06:30 •Micah Zimmerman •The Motley Fool Positive Axe Cap view: Selective •Macro•Inflation•Equities•Earnings•Capital Returns•Consumer•Retail•Autos •WDFC•ENR•HLN•GSK

Axe Cap view

Three Global Dividend Stocks Likely to Keep Raising Payouts

Certain global consumer staples with strong cash flows and recession resilience look set to boost dividends regardless of market turmoil.

South African investors hunting for dependable income should glance beyond the JSE occasionally. Three US and UK-listed companies—WD-40 (WDFC), Energizer Holdings (ENR), and Haleon (HLN)—stand out for their durable dividends. WD-40 benefits from a niche product with loyal demand, delivering steady cash flow and a comfortable payout ratio. Energizer’s batteries and auto care essentials see consistent purchases even in downturns, making its 5.9% yield credible. Haleon’s portfolio of health brands, like Sensodyne and Centrum, used daily by billions, supports a conservative payout ratio and steady dividend growth. While none are JSE-listed, the rand's current volatility against the dollar and pound (USD/ZAR, EUR/ZAR) could amplify returns or risks for local investors. Watch the rand closely—sharp depreciation could boost rand returns but also increase cost pressures for import-heavy sectors. These ideas suit investors who value reliable dividends over high-flying tech growth. This trades off some local liquidity and currency risk. The main risk is unexpected shifts in consumer behavior or rising input costs squeezing margins. this is just our opinion and not financial advice

How I would invest

Buy these dividend stalwarts selectively via offshore exposure or ETFs focusing on steady cash flow consumer staples. Hedge currency risk where possible. Hold off on domestic yield plays steeped in cyclical risk.

What I would watch
  • USD/ZAR
  • WDFC
  • ENR
  • HLN
What could go wrong
  • Rand volatility affecting offshore returns
  • Changing consumer habits reducing product demand
How strongly I feel

6/10

The article identifies three dividend stocks with strong fundamentals and resilient business models that are likely to continue raising payouts through economic downturns: WD-40 Company with 40 years of uninterrupted dividends backed by an iconic product with minimal competition, Energizer Holdings yielding 5.9% with essential consumer products, and Haleon with a conservative payout policy and health brands used by over a billion consumers worldwide.

Our take is based on reporting first published by The Motley Fool.

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