Stocks to watch today: CSCO, GOOGL, LB >>> READ MORE

5 High-Yield Dividend Stocks for the Fall

Hunker down for protection and grow your nest egg

      View All  

Procter & Gamble

Procter & Gamble (NYSE:PG)YTD Stock Performance: +18%
Dividend Yield: 3%
Sector: Consumer Staples

Procter & Gamble (PG) is tracking the market in 2013, though it’s worth noting that the stock has gone nowhere for a few months as investors got more “risk-on” in the spring and summer, then more recently activist investor Bill Ackman dumped a majority of shares in August as the Wall Street party started to lose steam in general.

But long-term investors should rest comfortably knowing P&G boasts a bulletproof lineup of consumer products that include Duracell batteries, Gillette razors, Head & Shoulders shampoo and Pampers diapers among other goods.

And if you’re worried about a consumer downturn in the second half as the housing market cools off and economic indicators get murky, PG stock is a great take to place shelter. Staples like personal care products are recession-proof and will remain in demand even if discretionary spending rolls back.

Throw in the fact that the stock yields more than 3% and has paid dividends since 1891, and you’ve got a recipe for a buy-and-hold gem.

Article printed from InvestorPlace Media,

©2017 InvestorPlace Media, LLC