The Best 2 Consumer Staples Stocks to Buy and Hold for Decades

By Reuben Gregg Brewer – Mar 14, 2026 at 12:15AM ESTKey PointsCoca-Cola is a Dividend King and a leader in the beverage industry.Procter & Gamble is a Dividend King and a leader in the consumer products space.Consumer staples companies sell products that get bought in good times and bad. That's why they are considered safe-haven investments during times of uncertainty. Given the economic concerns among consumers and the unfolding geopolitical conflict in the Middle East, now could be a good time to err on the side of caution. Which is why stocks like Coca-Cola (KO +0.28%) and Procter & Gamble (PG +0.03%) could be perfect fits for your portfolio. Consumer staples and Dividend Kings Coca-Cola is the world's largest non-alcoholic beverage maker, with iconic brands that stretch well beyond its namesake Coke. Procter & Gamble is also one of the world's largest consumer staples companies, with a portfolio of brands that range from toilet paper to toothpaste. But there's something even more interesting that links these two companies. They are both Dividend Kings. Image source: Getty Images. Reaching the elite status of Dividend King requires a company to increase its dividend annually for at least 50 consecutive years. A company can only do that if it has a strong business plan that gets executed well in both good times and bad. It also shows that a company places a high value on returning value to shareholders over time via dividend payments. Both Coca-Cola and Procter & Gamble have proven they are resilient businesses. And right now, Coca-Cola is offering a dividend yield of 2.6% while P&G is yielding 2.8%. For comparison, the S&P 500 index (^GSPC 0.61%) is yielding only 1.1% or so. ExpandNYSE: KOCoca-ColaToday's Change(0.28%) $0.22Current Price$77.30Key Data PointsMarket Cap$333BDay's Range$77.19 - $78.0552wk Range$65.35 - $82.00Volume470KAvg Vol18MGross Margin61.75%Dividend Yield3.32% Coca-Cola and P&G are reasonably priced Industry-leading businesses like Coca-Cola and Procter & Gamble don't go on sale very often. But even a fair price is likely to be a good entry point if your holding period is a decade or longer. P&G's price-to-sale, price-to-earnings, and price-to-book ratios are all below their five year averages. Coca-Cola's P/E and P/B ratios are below their long-term averages, while the P/S ratio is just slightly higher. Thus, they both appear at least reasonably priced, if not a little cheap. ExpandNYSE: PGProcter & GambleToday's Change(0.03%) $0.05Current Price$150.55Key Data PointsMarket Cap$350BDay's Range$150.19 - $152.5052wk Range$137.62 - $174.80Volume342KAvg Vol11MGross Margin51.11%Dividend Yield2.81% The big story here, however, is that you want to focus on both quality and price when your holding period is measured in decades. And right now, Coca-Cola and Procter & Gamble appear to be offering a massive amount of quality for the price, with well above market dividend yields thrown in for good measure. If you are worried about the market, the economy, or geopolitical tensions, now could be the perfect time to add consumer staples Dividend Kings Coca-Cola and Procter & Gamble to your dividend portfolio.Read NextMar 13, 2026 •By Reuben Gregg BrewerTop 3 Consumer Staples Dividend Stocks for Reliable Income in 2026Mar 12, 2026 •By Jennifer Saibil3 Dividend Stocks to Buy and Hold ForeverMar 12, 2026 •By Catie HoganThe Best 3 Consumer Staples Stocks to Buy and Hold for DecadesMar 12, 2026 •By Justin Pope3 Magnificent S&P 500 Dividend Stocks Down as Much as 27% to Buy and Hold ForeverMar 12, 2026 •By Dave KovaleskiMy 2 Favorite Dividend Stocks to Buy Right NowMar 11, 2026 •By Prosper Junior BakinyWant Decades of Passive Income? 2 Stocks to Buy Now and Hold ForeverAbout the AuthorReuben Gregg Brewer is a contributing Motley Fool stock market analyst covering energy, utilities, REITs, and consumer staples. He is the former director of research at Value Line Publishing, where he rose from mutual fund analyst to equity analyst before leading all research operations. Reuben holds a bachelor’s degree in psychology from SUNY Purchase, a master’s in social work from Columbia University, and an MBA from Regis University. He has been featured as a financial expert on CNBC and in the Financial Times, Barron’s, and InvestmentNews.TMFReubenGBrewerStocks MentionedCoca-ColaNYSE: KO$77.30(+0.28%)+$0.22S&P 500 IndexSNPINDEX: ^GSPC$6,632.19(-0.61%)-$40.43Procter & GambleNYSE: PG$150.65(+0.10%)+$0.15*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.