#1 - Procter & Gamble (NYSE:PG)
Investing in a bear market starts with looking at consumer staples. And when it comes to this sector, there are fewer better options than Procter & Gamble (NYSE:PG). The company operates in five sectors that include recognizable consumer brands such as Head & Shoulders, Herbal Essences, Old Spice, and Secret. A company like P&G has pricing power that helps it pass along costs associated with inflation. And these are products that consumer will seek out even if the economy falls into a recession.
Procter & Gamble’s dividend yield of 2.53% is slightly above the average of the S&P 500 companies. And it has a modest 3-year dividend growth rate of around 6%. However, its earnings are growing at a faster rate than the dividend making this a sustainable growth rate. The company has been raising its dividend for 66 years and currently pays a dividend that amounts to $3.65 per share on an annual basis.
And in case you’re wondering, if you bought PG stock five years ago, you would have been rewarded with share price growth of 64% apart from the growing dividend.
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.
Read More - Current Price
- $159.71
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 16 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $179.75 (12.5% Upside)
