Tuesday, January 28, 2014
P&G – Low Capital Gains but Consistent Dividends
Revenue growth prospects for The Procter & Gamble Company (PG) are not strong but high cash flows, a higher dividend forward yield of 2.96% compared to 2.59% for 10-year US treasury bonds and a strong balance sheet all point to consistent yield growth in the future. Bidness Etc believes that the stock is a buy for dividend investors.
P&G has paid dividends to shareholders every year since its incorporation in 1890. Remarkably, the company has raised dividends annually for the past 57 years straight. Its payouts have grown at a rate of 7.9% annually over the last three years alone, and 8.8% annually over a five year period. Moreover, its last twelve months dividend yield is 2.9%.
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