Investment Thesis
Consumer goods companies are favorites of many dividend growth investors. I differentiate these stocks from consumer staples since they focus more on personal products rather than food. Interestingly, there are relatively few investment choices in this category of stocks. Some companies are privately held, e.g. S.C. Johnson & Son, or are large foreign companies that do not trade on a major U.S. exchange, e.g. Reckitt Benckiser (RBGPF) (RBGLY). But in general, consumer goods companies exhibit stable earnings and cash flows over long periods of time. In turn, this has allowed them to raise