Is P&G's Dividend Yield in Trouble?
Procter & Gamble (NYSE: PG) has a commanding presence across the globe, with more than 20 billion-dollar brands that include favorites like Pampers diapers and Tide laundry detergent. P&G's dividend yield is also attractive, and at its current level of 3.2%, Procter & Gamble pays a better dividend than many of its peers in the Dow Jones Industrials and throughout the rest of the stock market.
P&G's above-average yield isn't even the biggest draw for dividend investors, because the company has an impressive track record of dividend growth that goes back for more than 60 years. However, Procter & Gamble does have some risk with its business, and investors have been less confident lately about this blue-chip company's ability to weather the ups and downs of the business cycle and generate good long-term returns both through dividend payments and rising share prices.
Current Quarterly Dividend Per Share
Source: Fool.com
Procter & Gamble Co. Stock
With 37 Buy predictions and not a single Sell prediction Procter & Gamble Co. is an absolute favorite of our community.
As a result the target price of 144 € shows a slightly positive potential of 14.29% compared to the current price of 126.0 € for Procter & Gamble Co..
