Forget Procter & Gamble, Clorox Is a Better Dividend Growth Stock

If you own Procter & Gamble (NYSE: PG) shares, don't sweat it. You're sitting on one of the most reliable dividend-paying consumer staples names the market has to offer. There's a reason P&G is the biggest name in the business.

If you've got room for a new consumer goods name in your portfolio, however, you may want to fill that gap with The Clorox Company (NYSE: CLX). It's considerably smaller, but growth prospects are all relative. Clorox has a clear plan for the future, and room to grow. For all of Procter's streamlining in recent years, it's still a big behemoth that spends a lot of time and resources just holding itself together.

Then there's the dividend thing.

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Source Fool.com