This Dividend Stock's Moat Is as Wide as It Gets. 3 Reasons to Buy and Hold Forever.
This consumer staples Dividend King is down nearly 20% since its 2024 high despite its industry-leading business.
Overview
Procter & Gamble (NYSE: PG) has achieved something that few others have. Not only is it one of the world's largest consumer staples companies, but it is also a Dividend King with a 70-year streak of annual dividend increases. That is the longest streak among consumer staples makers, with the next-closest streak held by Coca-Cola (NYSE: KO) at 64 years.
Here are three reasons why P&G has built such an impressive dividend history, all of which are good reasons to buy the stock and its 2.9% yield today.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.