Published on 26 May 2024 on Insider Monkey via Yahoo Finance
Procter & Gamble Co (NYSE:PG) ranks 8th in Insider Monkey's list of the 10 Best Dividend Aristocrat Stocks to Buy Now.
Before analyzing the stock, let's see what's happening in the dividend investing space these days.
Dividend growth investing strategy is in the spotlight these days as investors scramble to offset market risks in a higher-for-longer environment where interest rates aren’t expected to come down anytime soon. Matt Powers, Powers Advisory Group President, while talking to CNBC, recently said that while a high interest rate environment is a headwind for dividend growth strategy, he is looking to buy more dividend growth stocks and practice patience in the current scenario. The analyst said his dividend income strategy is looking to increase total returns by preferring dividend growth stocks instead of high-yield dividend stocks. Matt Powers said that he looks for 10-year track record of dividend growth while choosing stocks.