5 Dow Jones Dividend Stocks With Over 1% Yield

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

Number of Hedge Fund Holders: 71
Dividend Yield as of September 18: 2.64%

Up next on our list of Dow Jones dividend stocks is The Procter & Gamble Company (NYSE:PG), which is an American multinational consumer goods corporation. The company has been raising its dividends consistently since its incorporation in 1890. It also maintains a 66-year streak of dividend growth. The company pays a quarterly dividend of $0.9133 per share and has a yield of 2.64%, as of September 18.

In fiscal Q4 2022, The Procter & Gamble Company (NYSE:PG) reported revenue of $19.52 billion, which showed a 3% growth from the same period last year. The company’s operating cash flow for the year came in at $16.7 billion and its free cash flow productivity stood at 93%. In addition to this, it returned $19 billion of its capital to shareholders during the year, of which dividend payments represented $8.8 billion.

In August, Barclays reiterated its Overweight rating on The Procter & Gamble Company (NYSE:PG) due to the company’s strong quarterly and annual earnings.

As per Insider Monkey’s Q2 2022 database, 71 hedge funds owned stakes in The Procter & Gamble Company (NYSE:PG), compared with 72 in the previous quarter. These stakes hold a collective value of over $5.5 billion.