5 Safe Stocks To Invest In For The Long-Term in 2023

In this article, we will take a look at 5 safe stocks to invest in for the long term in 2023. To see more such companies, go directly to 12 Safe Stocks To Invest In For The Long-term in 2023.

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

Number of Hedge Fund Holders: 74

The Procter & Gamble Company (NYSE:PG) is a multinational corporation focused on consumer goods, and its headquarters are situated in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, the company provides a diverse array of branded consumer packaged goods worldwide. Its operations encompass multiple segments, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.

As of October 24, The Procter & Gamble Company (NYSE:PG) extends a quarterly dividend of $0.9407 per share, yielding 2.51%. During fiscal Q1 2024, it distributed $2.3 billion to shareholders in dividends. Notably, the company has maintained a record of continuous dividend increases spanning the past 67 years.

According to Insider Monkey’s second quarter database, 74 hedge funds were bullish on the Procter & Gamble Company (NYSE:PG), compared to 75 funds in the preceding quarter. Terry Smith’s Fundsmith LLP is the largest stakeholder of the company, with 4.84 million shares valued at $735.8 million.