Better Dividend Stock: Procter & Gamble vs. Kimberly-Clark
Thanks to a pair of late-April earnings updates, investors now have a clearer picture of the health of the consumer staples industry. Despite cost and demand pressures, Procter & Gamble (NYSE: PG) and Kimberly-Clark (NYSE: KMB) both posted strong sales trends into early 2023. The companies raised key aspects of their short-term outlooks as well.
But which one is the better buy for income investors today? Let's dive right in.
While both companies are growing today, P&G has better sales trends. Organic revenue was up 7% in the fiscal quarter that ran through late March, leading executives to raise their full-year outlook. Kimberly-Clark posted a 5% uptick for the same period and left its outlook unchanged. P&G management forecast a 6% increase this year and Kimberly-Clark projects between 2% and 4% growth.
Source Fool.com
