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Top 10 Dow Dividend Stocks

10 of the most solid blue chips writing quarterly checks today

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#8: Procter & Gamble

ProcterGambleLogo Top 10 Dow Dividend StocksCurrent Dividend Yield: 3.5%
Performance So Far in 2012: -3%

Procter & Gamble (NYSE:PG) hasn’t been very pleasing to shareholders so far in 2012. Yes, the yield is nice — but the stock has sat out the market’s recent rally, and at the end of April, P&G earnings showed a disappointing outlook for the rest of the year. Shares of Procter & Gamble have struggled recently in the face of those results and general market headwinds.

But Procter & Gamble CEO Bob McDonald is looking overseas to prop up the balance sheet amid rising commodity costs, frugal U.S. consumers and performance that lags rivals like Colgate-Palmolive (NYSE:CL). And let’s face it, even though the consumer products giant is slightly down, it is hardly out. P&G is going nowhere thanks to brands like Gillette, Pampers and Duracell that provide reliable revenue across rough economic times — and thus reliable dividend payments, too.

Yes, PG stock hasn’t seen much growth, and that is a concern. But you can’t get more defensive than consumer staples, so dividend investors wary of a summer downturn might want to turn to Procter & Gamble if they are planning on staying fully invested in the stock market right now.


Article printed from InvestorPlace Media, http://investorplace.com/2012/05/top-10-dow-dividend-stocks-may/.

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