3 Reasons to Get Excited About Procter & Gamble Co

1 Top Dividend Stock for 2018

Procter & Gamble Co (NYSE:PG) has just about all of the qualities we look for in a business: simple, timeless products; entrenched market position; and a long history of growing dividends.

But while owning such wonderful asset represents a great wealth building formula, “Mr. Market” doesn’t operate on a set schedule. Since we recommended the stock to Automated Income readers in 2015, Procter & Gamble share price has barely budged. A number of positive corporate developments, however, keep us bullish on the consumer products giant.

Procter & Gamble’s turnaround plan has started to pay dividends, to begin with. Management has culled around 100 brands from its product mix over the last few years, leaving the company with 65 labels. This might sound counterintuitive as first; after all, doesn’t it make for sense to grow revenues by adding up categories to the product line?

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