How Safe Is Procter & Gamble (PG) Dividend?
For a "boring" company, Procter & Gamble (NYSE: PG) sure has an exciting dividend. At just over 3%, it yields a full percentage point above the broader market's yield. The consumer products giant is also one of just 10 members of the Dow that pay 3% or better to income investors today.
Below, we'll take a closer look at the prospects for continued predicable growth in P&G's unusually high payout.
Procter & Gamble's track record for consecutive payout raises is one of the longest on the stock market. It has raised its dividend in each of the last 61 years -- a period that includes recessions, industry downturns, wars, product recalls, political instability, and just about any other selling environment that an investor can imagine. Rival Kimberly-Clark (NYSE: KMB), which competes with P&G's core Pampers diaper brand, sits far behind with a 45-year streak of payout raises.
Source: Fool.com
Procter & Gamble Co. Stock
The stock is an absolute favorite of our community with 23 Buy predictions and no Sell predictions.
With a target price of 159 € there is a slightly positive potential of 5.52% for Procter & Gamble Co. compared to the current price of 150.68 €.
