10 Best Dividend Stocks for a Bear Market

3. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 88

The Procter & Gamble Company (NYSE:PG) is one of the best dividend stocks for a bear market. The company is a dividend powerhouse, having delivered consistent payouts for decades, driven by its reliable cash flow, which also supports future dividend growth.

In fiscal Q3 2025, The Procter & Gamble Company (NYSE:PG) generated $3.7 billion in operating cash flow and reported $3.8 billion in net earnings. Its adjusted free cash flow productivity stood at 75%, a measure calculated by subtracting capital spending from operating cash flow and comparing it to net earnings.

In the same quarter, The Procter & Gamble Company (NYSE:PG) returned $3.8 billion to shareholders, $2.4 billion through dividends and $1.4 billion via share buybacks. In April,  the company announced its 69th consecutive annual dividend increase. Impressively, it has paid a dividend every year since its incorporation in 1890, marking 135 straight years of shareholder payouts.

The Procter & Gamble Company (NYSE:PG) is focusing on supply chain upgrades, digital improvements, and a portfolio restructuring to drive growth. The company expects steady earnings growth and is well-equipped to maintain its streak of dividend increases. Currently, it offers a quarterly dividend of $1.0568 per share and has a dividend yield of 2.68%, as of June 17.