5 Safe Stocks To Invest in For Long Term

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

The Procter & Gamble Company (NYSE: PG) is an Ohio-based multinational consumer goods company. It has stakes in the beauty, grooming, health care, fabric and home care sectors. The firm has operations in North and Latin America, Europe, the Asia Pacific, Greater China, India, the Middle East, and Africa. The products that the firm offers include conditioners, shampoos, styling aids, and deodorants, as well countless others. It sells these items through mass merchandising, e-commerce, and wholesalers. The firm was founded in 1837 and is placed fourth on our list of 10 safe stocks to invest in for the long term. 

It has a market cap of more than $333 billion and posted more than $70 billion in annual revenue in June 2020, up from $67 billion in the previous year. Earlier this week, the company increased its dividends by 10% to $0.87 per share. Last month, top investment bank Morgan Stanley had picked Procter & Gamble as one of its top picks for the year on the back of the earnings per share growth of the company that had beaten peers in the personal care sector. Morgan Stanley also noted the growth of the baby care products of the Ohio-based firm.