10 Best Dividend Kings Stocks to Invest in Now

5. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 68

The Procter & Gamble Company (NYSE:PG) ranks fifth on our list of the best dividend kings. The American multinational consumer goods company has surged by over 6% in the past 12 months, mainly due to its strong operational performance. Despite facing inflationary challenges, the company has consistently produced strong results by successfully implementing substantial price increases. In fact, it achieved organic sales growth in every quarter of fiscal 2023.

In fiscal Q1 2025, The Procter & Gamble Company (NYSE:PG) reported revenue of $21.7 billion, reflecting a 1% decline from the same quarter the previous year. The company generated $4.3 billion in operating cash flow, with adjusted free cash flow productivity at 82%, aligning with expectations. P&G also continued to reward shareholders, distributing $4.4 billion through dividends and share repurchases.

The Procter & Gamble Company (NYSE:PG) has offered an optimistic forecast for fiscal 2025, expecting sales growth between 2% and 4%, and a 10% to 12% increase in diluted net EPS compared to $6.02 in fiscal 2024. If the company hits the midpoint of its projection, it will achieve a new record with a diluted EPS of $6.68 for fiscal 2025. The company also has a long history of delivering value to shareholders, having paid dividends for 134 years and achieving 68 consecutive years of dividend growth. It currently offers a quarterly dividend of $1.0065 per share for a dividend yield of 2.53%, as of January 13.

The number of hedge funds tracked by Insider Monkey owning stakes in The Procter & Gamble Company (NYSE:PG) grew to 68 in Q3 2024, from 64 in the previous quarter. These stakes are valued at over $8.8 billion in total. Fisher Asset Management owned the largest stake in the company in Q3.