Procter & Gamble (NYSE: PG) is a favored stock among investors for consistent growth and income. The company has been around for ages, selling top brands in grocery store aisles that people purchase every day. Among the many premium brands it manages are names like Gillette, Tide, Charmin, Dawn, Oral-B, Pampers, Vicks, Swiffer, Crest, and many others. 

The stock price more than doubled (when including dividend reinvestment) over the last five years, significantly beating the return of the S&P 500 index. It's also notable that P&G shares outperformed industry peers in the Consumer Staples Select Sector SPDR Fund over the same period.

However, the stock underperformed over the last year, up 5.5% to the index's 13% total return. P&G reported weak sales volumes due to inflationary headwinds. But price increases allowed the company to deliver profitable growth in a challenging economy. Solid growth on the bottom line is fueling growing dividend payments to shareholders.

Continue reading

Source Fool.com