Topic: How To Invest

Dividend Advisor Hotline – Friday, April 12, 2024

Article Excerpt

PROCTER & GAMBLE CO., $155.33, New York symbol PG, is a buy. The company is one of the world’s largest makers of household and personal-care goods. Major brands include Tide (laundry detergent), Pampers (diapers), Gillette (razors), Crest (toothpaste) and Vicks (cold remedies). Procter will now raise your quarterly dividend by 7.0%. Starting with the May 2024 payment, investors will receive $1.0065 a share instead of $0.9407. The new annual rate of $4.026 yields 2.6%. Procter still expects its sales in the fiscal year ending June 30, 2024, excluding businesses it bought and sold and currency rate movements, will rise between 4% and 5%. The company also sees its earnings for the year rising between 8% and 9%. Based on that new range, it should earn between $6.37 and $6.43 a share. The stock trades at a still-reasonable 24.3 times the midpoint of that range. With this latest increase, the company has now paid shareholder dividends for 134 years and has increased its payout annually for…