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Top 10 Dow Dividend Stocks

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#7: Procter & Gamble

ProcterGambleLogo Top 10 Dow Dividend StocksCurrent Dividend Yield: 3.4%
Performance So Far in 2012: Flat

Procter & Gamble (NYSE:PG) recently made our list of 10 dividend stocks left behind in 2012 because, admittedly, the stock hasn’t doing squat on a share appreciation basis. However, Procter & Gamble CEO Bob McDonald has a big long-term plan that involves fighting rising commodity costs and finding growth overseas. It also just posted pretty strong Q4 earnings.

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. But you can’t get more defensive than consumer staples.

And longer-term, there’s a chance that Procter & Gamble will benefit very nicely from changing currency exchange rates. A strong dollar and weaker euro have weighed on the earnings of this multinational. But if the dollar drops on continued debt troubles and the EU gets its act together, a nice currency tailwind could help out in a year or so even if all other things remain equal.


Article printed from InvestorPlace Media, http://investorplace.com/2012/08/top-10-dow-dividend-stocks-august-2012/.

©2014 InvestorPlace Media, LLC

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