#1 - Procter & Gamble (NYSE:PG)
Investing in a bear market starts with looking at consumer staples. And when it comes to this sector, there are fewer better options than Procter & Gamble (NYSE:PG). The company operates in five sectors that include recognizable consumer brands such as Head & Shoulders, Herbal Essences, Old Spice, and Secret. A company like P&G has pricing power that helps it pass along costs associated with inflation. And these are products that consumer will seek out even if the economy falls into a recession.
Procter & Gamble’s dividend yield of 2.53% is slightly above the average of the S&P 500 companies. And it has a modest 3-year dividend growth rate of around 6%. However, its earnings are growing at a faster rate than the dividend making this a sustainable growth rate. The company has been raising its dividend for 66 years and currently pays a dividend that amounts to $3.65 per share on an annual basis.
And in case you’re wondering, if you bought PG stock five years ago, you would have been rewarded with share price growth of 64% apart from the growing dividend.
About Procter & Gamble
The Procter & Gamble Company provides branded consumer packaged goods worldwide. It operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care; and Baby, Feminine & Family Care. The Beauty segment offers conditioners, shampoos, styling aids, and treatments under the Head & Shoulders, Herbal Essences, Pantene, and Rejoice brands; and antiperspirants and deodorants, personal cleansing, and skin care products under the Olay, Old Spice, Safeguard, Secret, and SK-II brands.
Read More - Current Price
- $161.50
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $168.88 (4.6% Upside)
