Why Proctor & Gamble Is One Of My Favorite Dividend Stocks

I like my stocks to be predictable. And one of the most predictable stocks I own, at least as far as the dividend is concerned, is Procter & Gamble, the big consumer products company. P&G operates in 80 countries and is famous for brands such as Pampers, Tide, Crest, Charmin, Duracell and dozens of others. Last year the company generated sales of $82.6-billion and profit of $11.8-billion.

But what’s really appealing about P&G is its dividend. The company has been paying a dividend every year since 1890, and it has raised its dividend for 56 consecutive years. That includes a 7-per-cent increase that was announced on April 13.

Source: Globe and Mail

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