It’s long been considered the “Old Faithful” of dividend payers. That’s because this stock has raised dividends like clockwork for 63 consecutive years and hasn’t missed a distribution since 1890. You won’t hear about it much in the mainstream financial media. Why? Because it can help you get rich slowly — and that’s just not as sexy as the daily swarm of earnings reports, geopolitics, unicorn startup IPOs and tech advances. Meanwhile, the stock set a new all-time peak of $108.68 on May 16. By itself, that’s a notable accomplishment. But that was also the 27th record high for the… Read More
It’s long been considered the “Old Faithful” of dividend payers. That’s because this stock has raised dividends like clockwork for 63 consecutive years and hasn’t missed a distribution since 1890. You won’t hear about it much in the mainstream financial media. Why? Because it can help you get rich slowly — and that’s just not as sexy as the daily swarm of earnings reports, geopolitics, unicorn startup IPOs and tech advances. Meanwhile, the stock set a new all-time peak of $108.68 on May 16. By itself, that’s a notable accomplishment. But that was also the 27th record high for the stock since the beginning of January, the most at this point in a calendar year since 1972. I’m talking about consumer products giant Procter & Gamble (NYSE: PG). Most companies would kill to have a billion-dollar brand. P&G has more than two dozen, including Tide laundry detergent, Bounty paper towels, Crest toothpaste, Duracell batteries and Gillette razors. These products are found in 180 countries around the globe and reach more than 5 billion consumers. #-ad_banner-#Admittedly, the company’s portfolio of brands has also become a bit bloated, and sales have been sluggish in recent years. But as you might expect, the… Read More