Procter & Gamble’s Bright Investor Day Buoys Our Views on Stock
publication date: Nov 21, 2022
Image: Procter & Gamble has delivered pre-, during, and post-pandemic, and its long-term growth targets remain reasonable, in our view. Image Source: P&G.
Procter & Gamble has raised its dividend in each of the past 66 years and has paid a dividend in each of the past 132 years. Though the maker of Pampers, Bounty, Tide, Crest, and a number of other household brands is facing the market realities of inflationary pressures on consumers, input cost headwinds and retailers tightening their inventories, we think it will be able to achieve its core targets for fiscal 2023, while rewarding dividend investors along the way. With shares yielding ~2.6% at the time of this writing, P&G remains a solid income and dividend growth consideration for conservative investors. The high end of our fair value estimate range stands at $158 per share.
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