3 New Reasons to Like This Magnificent Dividend Stock
April has been a busy month for Procter & Gamble (NYSE: PG) shareholders. The consumer staples giant just announced its 2024 dividend hike before issuing its third-quarter earnings update later in the month.
Those reports were packed with fresh data about P&G's profit outlook and its growth rate in an industry that's suffering from weaker demand trends. Yet, Wall Street still isn't excited about the stock, with most investors seeking to focus instead on faster-growing stocks in the tech industry.
That emphasis might be setting patient investors up for great returns from here. P&G's business isn't firing on all cylinders, to be sure. But there are some good reasons to like the stock today. Let's look at three of the biggest positives at present.
Source Fool.com
