Procter & Gamble hits all-time high due to strong performance and reliable dividends

From The Motley Fool.: 2024-05-14 05:35:00

Procter & Gamble (PG) hits all-time high, leading consumer staples sector. P&G boasts $393 billion market cap, owns popular brands like Pampers, Tide, and Gillette. Despite challenges like supply chain bottlenecks and inflation, P&G excels in sales and operating margins. Stock trades at premium valuation, maintains strong dividend growth and share buybacks, making it reliable for long-term investors. P&G’s recent all-time high reflects solid performance amid market uncertainties. While not a bargain, P&G remains a strong foundational dividend stock with potential for steady growth.



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