Are These 3 Dow Stocks Still Ready To Head Higher? – Johnson & Johnson (JNJ), General Electric Company (GE), The Procter & Gamble Company (PG)

Trading at a 12.5x forward P/E is definitely a reasonable price. Moreover, exceeding consensus estimates in three of the last four quarters is always encouraging. The company has a massive amount of free-cash-flow exceeding $20 billion annually, and that has allowed the company to wisely reward shareholders with buybacks and dividends. In fact, the company has raised its dividend five times in just three and a half years and now yields a very nice 3.3%. I think General Electric Company (NYSE:GE) is still a buy for the long-term income investor.

The Foolish Conclusion:

As intelligent “Fools” we are always on the hunt for companies that offer great value.  I believe these three companies listed above offer that, while also paying us a nice dividend as the companies continue to thrive.

The article Are These 3 Dow Stocks Still Ready To Head Higher? originally appeared on Fool.com and is written by Brian Gorban.

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