PG - Procter & Gamble: Slower Growth Due To Consumer Shift

2024-03-22 00:55:36 ET

Summary

• Procter & Gamble is a solid dividend growth stock with a 67-year track record of increasing dividends.
• The company's dividend has grown by 46% since 2014, with room for continued growth as the payout ratio is below the 5-year average.
• PG is facing short-term headwinds due to a decrease in product volume caused by consumer shifts toward store-branded alternatives.

Overview

I've dedicated the last 5 years of my life to growing a dedicated dividend portfolio. Over that time, I've managed to grow my dividend income to a sizeable amount that I can now use to pay bills, buy groceries, or even fund portions of trips. These days I find myself gravitating to higher-yielding asset classes such as REITs (real estate investment trusts) or BDCs (business development companies). However, this is because I spent the majority of my early years establishing positions in solid blue-chip-rated companies that I believe deserved to be core positions....

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