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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