Jim Cramer Says That “You Can Miss” Procter & Gamble (PG)

While calling The Procter & Gamble Company (NYSE:PG) a “dividend aristocrat”, Cramer noted that the yield is not enough to “compensate you for the risk”.

“I’ve always believed that there are two consumer packaged goods companies that make a ton of sense whenever they go down, and that’s Procter & Gamble and Colgate. Now, the former has the most unassailable consumer product lines in the world. Procter is also what we call a dividend aristocrat, increasing its payout by a little more each year for more than 70 years.

Procter is such a winner. That is an amazing record. But here at $158, and again, we’re focused on Procter & Gamble, less than two points from its low, approximately 22 points from its high, I mean, you might be thinking, how can you miss? Easy, you can miss because Procter only yields 2.68% at these levels despite all those dividend boosts. Well, that’s just not enough to compensate you for the risk.”

A happy couple viewing the products of this household and personal product company in a mass merchandiser store.

Procter & Gamble (NYSE:PG) provides many consumer packaged products, including items for beauty, grooming, health care, home care, fabric care, baby care, feminine care, and family care under well-known brand names.

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