10 Dividend Stocks For Steady Income

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

Dividend Yield as of December 20: 2.40%

5-Year Share Price Return: 34.05%

The Procter & Gamble Company (NYSE:PG) is an Ohio-based multinational consumer goods company that specializes in a wide range of related products and services. The stock has delivered an outstanding performance this year, reaching a record high of over $179 per share in December. This achievement is primarily due to its strong operational execution. It has consistently delivered robust results, even amid inflationary pressures, by successfully implementing substantial price increases. Notably, in fiscal 2023, the company achieved organic sales growth every quarter. The stock is up by over 14% since the start of 2024 and has delivered a 34% return in the past five years.

In the first quarter of fiscal 2025, The Procter & Gamble Company (NYSE:PG) posted $21.7 billion in revenue, reflecting a 1% decline from the previous year. Operating cash flow for the quarter reached $4.3 billion, with adjusted free cash flow productivity at 82%, aligning with expectations. The company continued to deliver value to shareholders, returning $4.4 billion through dividends and share repurchases.

The Procter & Gamble Company (NYSE:PG) has issued an optimistic forecast for fiscal 2025, anticipating sales growth of 2% to 4% and a 10% to 12% increase in diluted net EPS compared to $6.02 in fiscal 2024. If it achieves the midpoint of this range, the company will set a new record with a diluted EPS of $6.68 for fiscal 2025.

The company boasts a strong history of shareholder returns, consistently paying dividends for 134 years. In addition, it has maintained 68 consecutive years of dividend growth, making it one of the best stocks with steady dividends. The company currently pays a quarterly dividend of $1.0065 per share and has a dividend yield of 2.40%, as of December 20.

The number of hedge funds tracked by Insider Monkey holding stakes in The Procter & Gamble Company (NYSE:PG) grew to 68 in Q3 2024, from 64 in the previous quarter. These stakes have a total value of more than $8.8 billion. Ken Fisher’s Fisher Asset Management was the company’s leading stakeholder in Q3.