Topic: How To Invest

Dividend Advisor Hotline – Friday, October 27, 2023

Article Excerpt

PROCTER & GAMBLE CO., $147.16, New York symbol PG, is a top pick for 2023. 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 has paid shareholder dividends for 133 years and has increased its payout annually for the past 67 years. It last raised your quarterly dividend with the May 2023 payment. Investors now receive $0.9407 a share, up 3.0% from $0.9133. The new annual rate of $3.76 yields 2.6%. In its fiscal 2024 first quarter, ended September 30, 2023, Procter’s sales rose 6.1%, to $21.87 billion from $20.61 billion a year earlier. That beat the consensus forecast of $21.58 billion. The company increased its prices by 7% to cover rising input costs. However, the volume of goods sold fell 1%, mainly due to weaker demand in China. In addition to the higher sales, Procter’s input costs are improving. It’s also doing a..