Where Will Procter & Gamble Be in 5 Years?
Procter & Gamble's (NYSE: PG) stock has risen roughly 10% over the past 12 months, outperforming the S&P 500's 0.8% dip over the same time period. As the COVID-19 pandemic spread, consumers bought more of P&G's billion-dollar brands -- including Bounty, Charmin, Crest, Head & Shoulders, Gillette, Pampers, Pringles, and Tide -- as they prepared for prolonged lockdowns and social distancing measures.
That consistent demand, along with a 64-year streak of annual dividend hikes, made P&G a good defensive play in a volatile market. The stock also generated a total return of 70% over the past five years, making it a sound long-term investment. But can it maintain that momentum over the next five years?
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Source Fool.com
