The Unexpected Reason You Should Not Buy Procter & Gamble Stock
Investors seem to perceive Procter Gamble (P) (NYSE: PG) as one of the safer stocks on the market. For over 185 years, it has provided consumer staples that have evolved into some of America's most venerable brands. However, market conditions can change. And while neither Procter Gamble nor its most popular brands are likely to disappear, investors may not want to buy the personal care stock right now. Here's why.
Investors should first know that the issues with P stock have nothing to do with its business. Products like Gillette razors, Tide laundry detergent, Crest toothpaste, and many other popular products continue to drive increasing sales, even amid rising prices.
With this success, the Dividend King celebrated 67 consecutive years of payout hikes in April when it increased the annual dividend by about 3% to about $3.76 per share. This takes the dividend yield to more than 2.5%, well above the S 500 average yield of just over 1.5%.
Source Fool.com
