Why Procter & Gamble (PG) is a Cornerstone of Recession-Proof Dividend Portfolios

The Procter & Gamble Company (NYSE:PG) is included among the 10 Best Recession Proof Dividend Stocks to Buy.

Why Procter & Gamble (PG) is a Cornerstone of Recession-Proof Dividend Portfolios

The Procter & Gamble Company, founded in 1837, has grown into one of the world’s leading producers of household and personal care products, including detergents, diapers, baby wipes, paper towels, shampoos, deodorants, toothpaste, and cleaning supplies.

Thanks to decades of investment in marketing and product innovation, more than 20 of The Procter & Gamble Company’s brands generate over a billion dollars each in annual sales, with many holding the top spots in their categories. Shoppers have come to expect these brands on store shelves.

This strong brand recognition gives The Procter & Gamble Company leverage with retailers, allowing the company to raise prices when needed, even in times of inflation. In addition, with relatively low debt, the firm’s earnings remain well shielded from the impact of higher interest rates.

The Procter & Gamble Company is a Dividend King, increasing its payouts for 69 consecutive years. The company currently offers a quarterly dividend of $1.0568 per share and has a dividend yield of 2.77%, as of September 26.

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