Procter & Gamble (PG) - A Dividend Stock To Hold Forever
The Procter & Gamble Company (PG) provides consumer packaged goods in the United States and internationally. This dividend aristocrat has paid uninterrupted dividends on its common stock since 1891 and increased payments to common shareholders for 57 consecutive years. There are only 15 companies in the world which have managed to boost distributions over half a century. One of the largest shareholders is no other but Warren Buffett's Berkshire Hathaway (BRK.B).
The company's last dividend increase was in April 2013 when the Board of Directors approved a 7% increase to 60.15 cents/share. Procter & Gamble's largest competitors include Kimberly-Clark (KMB), Colgate-Palmolive (CL) and Clorox (CLX).
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