Better Dividend Stock: Procter & Gamble vs. Kimberly-Clark
Wall Street put the stocks of both Kimberly-Clark (NYSE: KMB) and Procter & Gamble (NYSE: PG) in the discount aisle in 2023. The two consumer staples giants have thus far sat out the market's rally due to investors' worries about slowing growth trends in an uncertain economy. Investors have been more attracted to tech stocks this year, too.
That performance slump could be good news for investors seeking bargains on high-quality businesses. It's an even better development for fans of dividends, since the stocks' yields are sitting near 3% today. With those positive factors in mind, let's look at which company might be the better fit for your portfolio.
While both companies are growing revenues at a healthy pace, P&G will appeal more to investors seeking market-leading sales trends. Its organic sales beat expectations for the second straight quarter this past quarter, rising 7% year over year. Kimberly-Clark posted a 5% year-over-year increase in its corresponding quarter.
Source Fool.com
