Earnings season is on us and there are going to be some ugly numbers being reported due to the dramatic drop in demand. That's exactly why I want to have exposure to more defensive names, especially in the consumer staples sector. Many businesses in that sector might see demand drop during the COVID-19-triggered slowdown; however, the decline is likely to be dramatically lower when compared to more cyclical companies. PepsiCo (PEP) is one such consumer staple where I don't expect to see much, if any, deterioration of the underlying business. Dividend History My primary investment strategy is as a dividend growth investor. That means that I want to find quality businesses that have a history of both paying and growing their dividend payments. These are companies that you can sleep well at night with when you own them.