Sponsored By:

Top 10 Dow Dividend Stocks

Income investors would be sitting pretty with any of these picks

      View All  

#6: Procter & Gamble

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

Procter & Gamble (NYSE:PG) recently made our list of 10 dividend stocks left behind in 2012. In April, P&G earnings showed a disappointing outlook for the rest of the year and Aug. 3 numbers likely will reflect that continued gloominess.

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 might want to turn to Procter & Gamble anyway as the market continues to muddle through summer.


Article printed from InvestorPlace Media, http://investorplace.com/2012/07/top-10-dow-dividend-stocks-for-july/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.