#4 - Procter & Gamble (NYSE:PG)
Few stocks say “steady Eddie” as much as Procter & Gamble (NYSE:PG). It’s a defensive stock but over the last five years, investors have been rewarded with a stock price gain of over 63%. Despite that, PG stock is down slightly in 2021 (as of this writing), which makes it a solid buy-on-the-dip candidate. This is particularly true since the company last reported earnings in April and delivered year-over-year revenue growth of 5.2%.
It’s fair to wonder about the effect that rising commodity prices may have on the company’s business. But it’s likely that the company will be able to pass along a modest price increase without having it curtail revenue.
And since this presentation is all about dividend stocks, there are few finer than PG stock. The Dividend King has raised its dividend for 59 consecutive years and has raised its dividend on average by over 13% in the last three years.
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 about Procter & Gamble- Current Price
- $167.69
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 16 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $181.50 (8.2% Upside)
