Topic: How To Invest

Dividend Advisor Hotline – Friday, April 12, 2019

Article Excerpt

PROCTER & GAMBLE CO., $105.06, New York symbol PG, is one of the world’s largest makers of household and personal-care goods. Major brands include Tide (laundry detergent), Pampers (diapers), Gillette (razors) and Crest (toothpaste). Starting with the May 2019 payment, the company will raise its quarterly dividend by 4.0%, to $0.7459 a share from $0.7172. The new annual rate of $2.98 yields 2.8%. Procter has paid dividends for 129 years and increased its payout annually for the past 63. The stock has gained 34% in the past year, and shares now trade at a somewhat high 23.7 times the $4.44 a share that the company will probably earn in the fiscal year ending June 30, 2019. However, that p/e is still reasonable in light of Procter and Gamble’s improving earnings and rising dividend rate. The company’s dividend payment has now grown an average of 3.0% annually over the last 5 years. Its TSI Dividend Sustainability Rating is Highest. OUR RECOMMENDATION: Procter & Gamble is…

You are trying to access subscriber-only content.

To read this article, you may subscribe or sign in.
If you are already a subscriber, log in here.

If you wish to become a subscriber, click here. Or you may enjoy access to all our publications when you become a Member of Pat McKeough's Inner Circle Pro.