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Top 10 Dow Dividend Stocks for December

The best dividend stocks to round out 2014

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#10: Procter & Gamble (PG)

dividends-PG-stockDividend Yield: 2.9%
YTD Performance: +21%

Procter & Gamble (PG), the age-old household name that produces a plethora of consumer goods, has increased its dividend payouts every year for 57 years. The stock is up more than 20% so far in 2013, which is better than several other stocks that rank higher on our list.

Whereas a run-up in price in another stock may cause its yield to fall more dramatically, PG has increased its dividend to complement the higher share price. Its current 2.9% yield is only slightly lower than the 3.2% yield it carried at the beginning of January, thanks to a bump in its payout from 56 cents to 60 cents per share.

It is concerning, however, that PG trades at a price-to-earnings multiple (P/E) slightly greater than 20, while forecasting annual organic sales growth of just 3% to 4%.

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