Five Dividend Kings that Smart Money Likes the Most

Procter & Gamble Co (NYSE:PG)‘s stock is down by 15% year-to-date, but the company has increased its dividend this year to $0.66 from $0.64, which gives its stock a yield of 3.44%. In its financial report for the third quarter, Procter & Gamble said that its organic sales inched down by an annual 1%, on the back of an 8% drop in China, which is struggling with a worsening macroeconomic environment and where the company lost some market share to higher-end companies. During the second quarter, the number of investors from our database bullish on Procter & Gamble Co (NYSE:PG) declined to 58 from 64, while the aggregate value of their holdings was equal to 4.50% of the company’s market value at the end of June. Buffett’s Berkshire Hathaway has been a long-term shareholder of Procter & Gamble Co (NYSE:PG), holding around 52.79 million shares as of the end of June.