04-11-2016, 11:34 AM
(EricL, loved that article btw!)
I think it's better to have a responsible 1% raise than an irresponsible "KMIalike" raise which they won't be able to sustain in the long term if anything happens beyond their control. I own PG and think they'll be just fine in the medium/long term, but they need to clean up their house a bit better and go back to increasing profits. Until then, a 3.2% dividend is just fine by me. And if shareholders start getting greedy and selling, then better yet, the P/E will go down, my yield will go up, and I can buy a bit more.
Funny enough, I was at the supermarket this Saturday looking for soap bars and I wanted to give P&G some money, I searched everywhere and couldn't find any, had to buy something from Unilever which didn't make me very happy (as I don't own Unilever). :S
I think it's better to have a responsible 1% raise than an irresponsible "KMIalike" raise which they won't be able to sustain in the long term if anything happens beyond their control. I own PG and think they'll be just fine in the medium/long term, but they need to clean up their house a bit better and go back to increasing profits. Until then, a 3.2% dividend is just fine by me. And if shareholders start getting greedy and selling, then better yet, the P/E will go down, my yield will go up, and I can buy a bit more.
Funny enough, I was at the supermarket this Saturday looking for soap bars and I wanted to give P&G some money, I searched everywhere and couldn't find any, had to buy something from Unilever which didn't make me very happy (as I don't own Unilever). :S