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Top 11 Dow Dividend Stocks for September

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#10: Procter & Gamble

Procter & Gamble (NYSE:PG)YTD Stock Performance: +14%
Dividend Yield: 3.1%
Sector: Consumer Staples

Procter & Gamble (PG) has mildly underperformed the broader stock market in 2013, and bearish sentiment has been pretty prevalent after activist investor Bill Ackman dumped a majority of shares in August. PG stock is off about 5% in just a few weeks as a result.

But long-term investors should look beyond the day-to-day gyrations in share price and remember that Procter & Gamble has a bulletproof lineup of consumer products that include Duracell batteries, Gillette razors, Head & Shoulders shampoo and Pampers diapers among other goods.

If you’re worried about a consumer downturn in the second half, PG stock is a great take to place shelter since staples 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,

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