5 Dividend Kings to Buy for 2022

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

Dividend Yield as of January 19: 2.13%

Number of Hedge Fund Holders: 69

Number of Years of Dividend Increases: 65

The Procter & Gamble Company (NYSE:PG) is an American multinational consumer goods corporation, offering beauty, grooming, healthcare, home care, baby, and family care products. The Procter & Gamble Company (NYSE:PG) has offered 65 consistent years of dividend growth, providing a payout ratio of 58.93%. 

Publishing its Q4 financial results on January 19, The Procter & Gamble Company (NYSE:PG) posted earnings per share of $1.66, beating estimates by $0.01. Revenue over the period jumped 6.12% year-over-year to $20.95 billion, outperforming estimates by $617.54 million. The management stated that solid quarterly results were driven by strong demand and pricing power. 

On January 11, The Procter & Gamble Company (NYSE:PG) declared a $0.8698 per share quarterly dividend, in line with previous. The dividend is payable on February 15, to shareholders of record on January 21. 

Evercore ISI analyst Robert Ottenstein on December 1 listed The Procter & Gamble Company (NYSE:PG) as one of the firm’s Best Core Ideas heading into 2022, owing to its best in class supply chain, iconic products, and ability to lean into commercial opportunities. The analyst stated that The Procter & Gamble Company (NYSE:PG)’s valuation does not yet reflect improved company fundamentals. 

According to Insider Monkey’s Q3 data, 69 hedge funds were bullish on The Procter & Gamble Company (NYSE:PG), with stakes equaling $6.4 billion. Andy Brown’s Cedar Rock Capital is the largest stakeholder of The Procter & Gamble Company (NYSE:PG), owning 7.4 million shares worth over $1 billion.