#1 - Procter & Gamble (NYSE:PG)
One of the best indicators of a strong dividend is a company’s history of increasing its payout. And Procter & Gamble (NYSE:PG) is among the best with a 59-year history of paying out a solid dividend.
This isn’t a stock that’s going to be confused with the high-flying growth stocks. However, during the pandemic, P&G proved its strength as a defensive stock when its products flew off supermarket shelves. That’s what investors are buying; a dividend stock that will be resilient in any economy, but particularly at times when the economy looks weak.
Investors could quibble about the company’s P/E ratio that is a bit elevated compared to its historical trend. However, as P/E stock has dropped from its 5-year high set late last year, the P/E ratio is drifting to be more in-line with its historical average. And currently, PG stock has a dividend yield of 2.49% and a payout ratio of 50.38%.
About Procter & Gamble
The Procter & Gamble Company engages in the provision of branded consumer packaged goods worldwide. The company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, SK-II, and Native brands.
Read More - Current Price
- $169.45
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 16 Buy Ratings, 7 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $180.45 (6.5% Upside)
