David Cockfield Progress Energy Inc. PGN-N BUY Oct 30, 2009

Yields about 5.3%. Has a dividend growth rate of about 5%.

Not cheap, but one of the most defensive consumer staples. Has been a laggard over the last year because of margin squeezes because of rising costs.

Household products. Globally positioned across a lot of markets. Demand for their products tends to be more stable. New management team. Raw material costs have gone up and their margins are still feeling that. Quarterly report is due soon so wait for that before buying.