Procter & Gamble's 136-Year Dividend Streak
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy PG?
Source: NASDAQ.COM
- Long Dividend History: Procter & Gamble has paid dividends for 136 consecutive years and raised payouts for 70 straight years, providing investors with a sense of security amidst economic fluctuations, showcasing its strong market position and financial health.
- Stable Product Demand: The company's products maintain stable demand during both economic booms and downturns, which significantly reduces investment risk and positions it as an ideal defensive investment, especially given the current heightened economic uncertainty.
- Market Performance Comparison: While the S&P 500's total return over the past decade stands at 305%, Procter & Gamble's return is only 130%, indicating limited growth potential as a mature business; however, its steady income stream continues to attract safety-seeking investors.
- Future Growth Expectations: Analysts forecast a 3% compound annual growth rate in revenue for Procter & Gamble from fiscal 2025 to 2028, and although it lacks the potential to outperform the market, its defensive characteristics provide reassurance to investors facing technological disruption risks.
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Analyst Views on PG
Wall Street analysts forecast PG stock price to rise
17 Analyst Rating
10 Buy
7 Hold
0 Sell
Moderate Buy
Current: 147.090
Low
150.00
Averages
164.50
High
180.00
Current: 147.090
Low
150.00
Averages
164.50
High
180.00
About PG
The Procter & Gamble Company is focused on providing branded consumer packaged goods to consumers across the world. The Company’s segments include Beauty, Grooming, Health Care, Fabric & Home Care and Baby, Feminine & Family Care. The Company’s products are sold in approximately 180 countries and territories primarily through mass merchandisers, e-commerce, including social commerce channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores, including airport duty-free stores), high-frequency stores, pharmacies, electronics stores and professional channels. It also sells direct to individual consumers. It has operations in approximately 70 countries. It offers products under brands, such as Head & Shoulders, Herbal Essences, Pantene, Rejoice, Olay, Old Spice, Safeguard, Secret, SK-II, Braun, Gillette, Venus, Crest, Oral-B, Ariel, Downy, Gain, Tide, Always, Always Discreet, Tampax, Bounty and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Procter & Gamble Exceeds Q3 2026 Earnings Expectations
- Earnings Beat: Procter & Gamble's Q3 2026 sales exceeded expectations, with the beauty segment achieving organic revenue growth of 7%, significantly above the analyst estimate of 2.4%, indicating resilience amid economic uncertainty.
- Baby and Family Care Growth: The baby, feminine, and family care division also performed well, with organic sales growth of 3% compared to the expected 1.4%, further demonstrating P&G's strong position in essential consumer goods.
- Margin Challenges: Despite the strong overall performance, P&G reported a gross margin of 49.5%, below the expected 51.1%, highlighting challenges the company faces from rising commodity costs and tariffs.
- Dividend Stability: P&G has paid dividends for 135 years and increased payouts annually for 69 years, with an expected $10 billion in dividends for fiscal 2026, reinforcing its appeal as a defensive asset for income-seeking investors.
See More
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- Performance Beat: Colgate-Palmolive reported net sales of $5.32 billion for Q1, exceeding analysts' expectations of $5.22 billion, reflecting strong international demand despite challenges in the U.S. market from budget-conscious consumers.
- Profitability Boost: Adjusted earnings per share reached $0.97, surpassing the $0.95 estimate, driven by steady demand for household staples like toothpaste and manual toothbrushes, even amid rising raw material and tariff pressures.
- Market Dynamics Shift: While North American segment volumes fell by 3.2%, overall volumes increased by 1.1%, with a 2.2% price rise, indicating consumer preference for lower-priced alternatives due to high living costs, while showcasing the company's resilience in international markets.
- Macroeconomic Challenges: Colgate anticipates significant inflationary pressures ahead, particularly from rising oil and commodity prices, and while reaffirming annual sales and profit forecasts, it remains cautious about market growth in 2026.
See More
Escalating European Energy Crisis Impacts Corporations
- Surging Energy Costs: The closure of the Strait of Hormuz has nearly doubled European natural gas benchmark prices, forcing U.S. multinationals to face significantly higher energy costs, which will directly compress their manufacturing margins and impact stock performance.
- Consumer Goods Companies Strained: Procter & Gamble has lowered its fiscal 2026 EPS growth forecast to a range of 1% to 6% due to declining consumer purchasing power, and rising energy costs will further exacerbate this demand-side weakness.
- Food Industry Pressure: Mondelez International derives 39% of its revenue from Europe, and its manufacturing operations are highly sensitive to energy costs; the current energy crisis could significantly erode its margins, especially as food prices rise due to fertilizer shortages.
- Energy Companies Benefiting: Despite some Middle Eastern production capacity being offline, companies like ExxonMobil and Chevron may benefit from the global LNG market premiums, particularly as European buyers pay higher prices, boosting their upstream business growth.
See More
European Energy Crisis Intensifies Impact on U.S. Companies
- Rising Energy Costs: The conflict with Iran has led to a near doubling of European natural gas benchmark prices by mid-March, resulting in significantly higher energy costs for U.S. companies operating in Europe, which could compress their margins and negatively impact stock prices.
- Manufacturing Squeeze: Companies like Procter & Gamble (PG) and Mondelez International (MDLZ), which have substantial manufacturing operations in Europe, are facing dual pressures from rising energy costs and declining consumer purchasing power, leading to further downward revisions in their fiscal 2026 earnings-per-share growth forecasts.
- Tight Market Dynamics: Europe must urgently refill its gas reserves over the summer, with global buyers competing for limited liquefied natural gas (LNG) supplies, exacerbating operational challenges for U.S. multinationals in Europe and potentially impacting their profitability.
- Energy Producers Benefit: Despite some Middle Eastern production constraints, companies like ExxonMobil (XOM) and Chevron (CVX) may benefit from rising crude oil prices and high premiums in the European market, illustrating the divergent impacts of the energy crisis on various sectors.
See More
Duracell Faces BASF Lawsuit Over Trade Secrets
- Lawsuit Allegations: Duracell is accused of stealing trade secrets related to BASF's lithium-ion battery technology, with BASF claiming substantial investment in a proprietary process for high-performance cathode materials, leading to significant and irreparable harm due to Duracell's actions.
- Court Ruling: U.S. District Judge Gregory Williams rejected Duracell's motion to dismiss the April 2025 lawsuit, indicating the court's seriousness about the case, although the ruling remains sealed pending proposed redactions from both parties.
- Business Impact: Lithium-ion batteries are crucial in consumer electronics, electric vehicles, and appliances, and Duracell's legal troubles could tarnish its reputation and business prospects in the battery market, particularly regarding its collaboration with BASF.
- Strategic Context: BASF announced plans in December 2023 to spin off its battery chemicals business into autonomous units to enhance profitability, while Duracell contends it developed the relevant process prior to its collaboration with BASF, suggesting potential shifts in market competition dynamics.
See More
U.S. Companies Navigate Financial Fallout from Iran War
- Cost Pressures Intensify: The Iran war has driven oil prices up, leading 24 companies to withdraw or cut forecasts and 35 to signal price hikes, indicating that cost pressures threaten margins and force companies to reassess pricing strategies amid tightening consumer spending.
- Coca-Cola's Optimistic Outlook: CFO John Murphy stated that Coca-Cola locked in some lower input prices before the war, although it still faces rising packaging costs for plastic and aluminum, demonstrating the company's resilience in managing cost increases and confidence in market demand.
- GM's Strategic Response: General Motors expects inflation in raw materials, chips, and logistics to cut annual earnings by $1.5 billion to $2 billion, yet it raised its full-year earnings forecast, reflecting confidence in the U.S. market and anticipated tariff refunds.
- Aviation Industry Challenges: Airlines like JetBlue plan to slow hiring, cut capacity, and raise fares due to jet fuel prices nearly doubling, highlighting the industry's struggle between soaring costs and pre-sold tickets, which may lead to reduced consumer spending.
See More
Procter & Gamble Exceeds Q3 2026 Earnings Expectations
- Earnings Beat: Procter & Gamble's Q3 2026 sales exceeded expectations, with the beauty segment achieving organic revenue growth of 7%, significantly above the analyst estimate of 2.4%, indicating resilience amid economic uncertainty.
- Baby and Family Care Growth: The baby, feminine, and family care division also performed well, with organic sales growth of 3% compared to the expected 1.4%, further demonstrating P&G's strong position in essential consumer goods.
- Margin Challenges: Despite the strong overall performance, P&G reported a gross margin of 49.5%, below the expected 51.1%, highlighting challenges the company faces from rising commodity costs and tariffs.
- Dividend Stability: P&G has paid dividends for 135 years and increased payouts annually for 69 years, with an expected $10 billion in dividends for fiscal 2026, reinforcing its appeal as a defensive asset for income-seeking investors.
See More
Colgate-Palmolive Surpasses Q1 Sales and Profit Expectations Driven by Strong Demand
- Performance Beat: Colgate-Palmolive reported net sales of $5.32 billion for Q1, exceeding analysts' expectations of $5.22 billion, reflecting strong international demand despite challenges in the U.S. market from budget-conscious consumers.
- Profitability Boost: Adjusted earnings per share reached $0.97, surpassing the $0.95 estimate, driven by steady demand for household staples like toothpaste and manual toothbrushes, even amid rising raw material and tariff pressures.
- Market Dynamics Shift: While North American segment volumes fell by 3.2%, overall volumes increased by 1.1%, with a 2.2% price rise, indicating consumer preference for lower-priced alternatives due to high living costs, while showcasing the company's resilience in international markets.
- Macroeconomic Challenges: Colgate anticipates significant inflationary pressures ahead, particularly from rising oil and commodity prices, and while reaffirming annual sales and profit forecasts, it remains cautious about market growth in 2026.
See More
Escalating European Energy Crisis Impacts Corporations
- Surging Energy Costs: The closure of the Strait of Hormuz has nearly doubled European natural gas benchmark prices, forcing U.S. multinationals to face significantly higher energy costs, which will directly compress their manufacturing margins and impact stock performance.
- Consumer Goods Companies Strained: Procter & Gamble has lowered its fiscal 2026 EPS growth forecast to a range of 1% to 6% due to declining consumer purchasing power, and rising energy costs will further exacerbate this demand-side weakness.
- Food Industry Pressure: Mondelez International derives 39% of its revenue from Europe, and its manufacturing operations are highly sensitive to energy costs; the current energy crisis could significantly erode its margins, especially as food prices rise due to fertilizer shortages.
- Energy Companies Benefiting: Despite some Middle Eastern production capacity being offline, companies like ExxonMobil and Chevron may benefit from the global LNG market premiums, particularly as European buyers pay higher prices, boosting their upstream business growth.
See More
European Energy Crisis Intensifies Impact on U.S. Companies
- Rising Energy Costs: The conflict with Iran has led to a near doubling of European natural gas benchmark prices by mid-March, resulting in significantly higher energy costs for U.S. companies operating in Europe, which could compress their margins and negatively impact stock prices.
- Manufacturing Squeeze: Companies like Procter & Gamble (PG) and Mondelez International (MDLZ), which have substantial manufacturing operations in Europe, are facing dual pressures from rising energy costs and declining consumer purchasing power, leading to further downward revisions in their fiscal 2026 earnings-per-share growth forecasts.
- Tight Market Dynamics: Europe must urgently refill its gas reserves over the summer, with global buyers competing for limited liquefied natural gas (LNG) supplies, exacerbating operational challenges for U.S. multinationals in Europe and potentially impacting their profitability.
- Energy Producers Benefit: Despite some Middle Eastern production constraints, companies like ExxonMobil (XOM) and Chevron (CVX) may benefit from rising crude oil prices and high premiums in the European market, illustrating the divergent impacts of the energy crisis on various sectors.
See More
Duracell Faces BASF Lawsuit Over Trade Secrets
- Lawsuit Allegations: Duracell is accused of stealing trade secrets related to BASF's lithium-ion battery technology, with BASF claiming substantial investment in a proprietary process for high-performance cathode materials, leading to significant and irreparable harm due to Duracell's actions.
- Court Ruling: U.S. District Judge Gregory Williams rejected Duracell's motion to dismiss the April 2025 lawsuit, indicating the court's seriousness about the case, although the ruling remains sealed pending proposed redactions from both parties.
- Business Impact: Lithium-ion batteries are crucial in consumer electronics, electric vehicles, and appliances, and Duracell's legal troubles could tarnish its reputation and business prospects in the battery market, particularly regarding its collaboration with BASF.
- Strategic Context: BASF announced plans in December 2023 to spin off its battery chemicals business into autonomous units to enhance profitability, while Duracell contends it developed the relevant process prior to its collaboration with BASF, suggesting potential shifts in market competition dynamics.
See More
U.S. Companies Navigate Financial Fallout from Iran War
- Cost Pressures Intensify: The Iran war has driven oil prices up, leading 24 companies to withdraw or cut forecasts and 35 to signal price hikes, indicating that cost pressures threaten margins and force companies to reassess pricing strategies amid tightening consumer spending.
- Coca-Cola's Optimistic Outlook: CFO John Murphy stated that Coca-Cola locked in some lower input prices before the war, although it still faces rising packaging costs for plastic and aluminum, demonstrating the company's resilience in managing cost increases and confidence in market demand.
- GM's Strategic Response: General Motors expects inflation in raw materials, chips, and logistics to cut annual earnings by $1.5 billion to $2 billion, yet it raised its full-year earnings forecast, reflecting confidence in the U.S. market and anticipated tariff refunds.
- Aviation Industry Challenges: Airlines like JetBlue plan to slow hiring, cut capacity, and raise fares due to jet fuel prices nearly doubling, highlighting the industry's struggle between soaring costs and pre-sold tickets, which may lead to reduced consumer spending.
See More
