#7 - Procter & Gamble (NYSE:PG)
Procter & Gamble (NYSE: PG) - No list would be complete without one of the bluest of the blue chips, Procter & Gamble. This venerable stock makes the list for many reasons. The company is a dividend aristocrat. They are a defensive stock because their products will continue to sell in any economy. They have well-known brands. Any of these reasons by themselves would be a reason to own the stock. But contrarians will ask, where is the growth? The stock has underperformed the S&P 500 over the past decade and in the first six months of 2018, P&G’s stock dropped 15% while the S&P 500 showed a 2% gain. The dividend yield, while attractive at 3.9%, does not put the stock in the elite category, even as a dividend aristocrat.
But P&G may very well be an example of a stock having the ability to perform better than the company. The company is seeking to reach out to younger customers, and its ability to capture millennials will tell that tale. However, the company remains a cash generating machine. They are efficient at holding costs down meaning that there will be plenty of room to continue to reward shareholders either through dividends or stock buybacks.
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
- $176.28
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 15 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $178.00 (1.0% Upside)
One of the hardest things to adjust to in life is change. But for current retirees, change is something that they need to embrace. The old rules of retirement no longer apply. There is now not only a place for growth in a retirement portfolio, but it is also virtually a must.
The good news is that there are a number of growth stocks that provide the attractive benefits of dividend investing with an underlying business model that provides an exceptional opportunity for growth. From pharmaceutical companies to real estate, there are good stocks in sectors that will continue to flourish in any economy.
Investing in individual growth stocks is not without risk. As an investor, it’s important for you to understand your personal risk tolerance when you decide whether or not to add a growth stock to your retirement portfolio.
More Investing Slideshows:
