News about PG

The article argues that Procter & Gamble (PG) is a dividend stock worth considering for investors seeking steadier prices than the volatile Nasdaq-100. PG's 2.8% dividend yield is well above the Nasdaq-100's 0.5% and the S&P 500's 1%. The company has paid dividends for 136 years and raised them for 70 straight years, qualifying as a Dividend King, and its board recently approved a 3% increase to its April payment, currently $1.0885 per share each quarter. For the fiscal year ended June 30, PG generated $15.1 billion in free cash flow, easily covering its $10.2 billion in dividends. The article credits demand for everyday products like shampoo, razors and diapers with making its results resilient to economic cycles.