2023-03-09 05:05:00 ET
Over the past decade, Procter & Gamble (NYSE: PG) and Clorox (NYSE: CLX) have more than doubled investors' money, when you include reinvested dividends. That's actually pretty impressive given that these two companies hail from the stodgy consumer staples sector, known for slow and steady growth. What's interesting here perhaps isn't the dollar figures, but rather the recent trends at each of these industry heavyweights.
Over the past 10 years, Procter & Gamble turned a $10,000 investment into around $18,000 based on stock price appreciation alone. Those same figures are roughly what you would see with Clorox as well.
But when you take their dividends into account (via reinvestment), the ending value jumps to around $24,000 for each. That's pretty impressive and easily beats out a lot of competitors in the consumer staples sector (though there are others that have stronger performances).
For further details see:
2 Stocks That Turned $10,000 Into $24,000 (or More)