Why This Stalwart Stock Has One of the Safest Dividends Around
Shares of Procter & Gamble (NYSE: PG) have had an unremarkable 2022, dropping some 20% -- about the same as the S&P 500 -- this year. But the company's actual business performance should please investors. The consumer goods behemoth has been growing sales and earnings in a difficult environment, and its dividend continues to enrich shareholders.
Let's take a look at why P&G is one of the strongest dividend stocks on the market today.
Procter & Gamble's latest earnings results show why many investors see it as an inflation-resistant stock. Sure, there were huge pressures associated with slowing demand in key markets like the U.S. and China through late September. P&G also faced big headwinds from a strengthening dollar.
Source Fool.com
