Procter & Gamble has raised its dividend for 70 consecutive years, making it a 'Dividend King' that has increased payouts for at least 50 straight years. Its 2.6% forward yield looks modest next to the 5% yield on the 10-Year Treasury, but P&G's total return with dividends reinvested was nearly 150% over 10 years and 1,310% over 30 years. The article credits its resilience to essential household and personal care products, after P&G cut its portfolio from around 180 brands in 2014 to 65, focusing on roughly 20 that generate over $1 billion in annual sales. Free cash flow rose 8% to $15.1 billion in fiscal 2026, covering $10.2 billion in dividends, and P&G expects organic sales to grow 1%-3% in fiscal 2027. At $160, the stock trades at 23 times the midpoint of its fiscal 2027 core EPS forecast, a multiple the article calls a bit high relative to its growth potential.
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