Procter & Gamble (NYSE: PG) is a well-known commodity on Wall Street. Let's take a look at some less obvious but critical factors that set P&G apart as a stock investment. Procter & Gamble can raise prices when it needs to generate more cash.
Procter & Gamble (NYSE: PG) is the third-largest consumer staples stock by market capitalization behind Walmart and Nestle. P&G is, in many ways, the most reliable dividend stock on the market when it comes to delivering a passive income stream. Procter & Gamble continues to raise its dividend and buy back a ton of its own stock, which directly benefits shareholders by boosting earnings per share.
Decades of consecutive dividend growth is a good place to start. This is because steady dividend growth also requires reliable growth in earnings, which is something only the best companies can sustain. With 66 consecutive years of dividend growth under its belt, Procter & Gamble (NYSE: PG) is among just 43 stocks that qualify as Dividend Kings (i.e., they've had 50 or more straight years of dividend growth).