#2 - Procter & Gamble (NYSE:PG)
Procter & Gamble (PG) - Another stock that is cleaning up as the market digests the impact of the coronavirus is Procter & Gamble (NYSE:PG). A short-term catalyst for the stock is the company’s launch of a new brand that disinfects without wiping. The brand is Microban 24 includes a line of surface antibacterial cleaning products in both sanitizing spray and cleanser forms.
Unlike other household antibacterial products, Microban provides 24-hour protection from bacteria. This is because after consumers apply Microban they allow it to air dry. The solution releases small amounts of bacterial-resistant ingredients over the span of 24 hours.
Although the company has said the launch of Microban was not tied to the coronavirus (and realistically there’s no reason to believe it could have been), it will undoubtedly draw consumer interest to the stock.
Procter & Gamble stock currently has a dividend yield of 2.69% and pays an annual dividend of $2.98 per share. It has averaged 2.9% dividend growth over the last three years and has a whopping 63 consecutive years of annual dividend growth.
About Procter & Gamble
Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.
More- Current Price
- $168.16
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $180.53 (7.4% Upside)
