Wall Street has warmed up to consumer staples stocks in recent months as the prospects rise for a recession in 2023. These investments aren't immune to a recession, but they often perform well during downturns while delivering steadily rising dividend payments.

McCormick (NYSE: MKC) and Procter & Gamble (NYSE: PG) are both ideal stocks if you're looking for exposure to these positive investing traits. They are leaders in their respective industries and have long track records for hiking dividends through recessions. So let's stack the two against each other to see which one might be a better fit for your portfolio.

Both companies are seeing demand pressure as they raise prices in the face of slowing consumer spending. Yet their latest results make it clear that they each have pricing power.

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Source Fool.com