10 Dividend Zombies and Kings with Longest Dividend Payouts

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

Consecutive Years of Dividend Payments: 134

The Procter & Gamble Company (NYSE:PG) is an American multinational consumer goods company. It took over two years, but PG achieved a new all-time high in May of this year, reaching $168 per share, which surpassed its previous peak of approximately $165. The company’s effective execution is one of the fundamental reasons why the stock has achieved a new all-time high. It has performed well over the years. Especially during periods of inflation, it successfully implemented significant price hikes. For example, throughout fiscal 2023, organic sales saw growth in every quarter. Moreover, the company managed to expand its market share in 31 out of its 50 key category and country combinations during this period.

In fiscal Q3 2024, The Procter & Gamble Company (NYSE:PG) reported revenue of over $20.2 billion, which showed a slight 0.63% growth from the same period last year. The company achieved solid sales and strong earnings growth during the quarter despite facing several challenges. This performance allowed the company to increase its EPS growth forecast and uphold its revenue expectation for the fiscal year. The company’s operating cash flow for the quarter came in at $4.1 billion and its free cash flow productivity was 87%. The Procter & Gamble Company (NYSE:PG) remained committed to its shareholder obligation as it returned $3.3 billion to investors in Q3 through dividends and share repurchases.

The Procter & Gamble Company (NYSE:PG) currently offers a quarterly dividend of $$1.0065 per share and has a dividend yield of 2.41%, as of June 20. The company has never missed a dividend for 134 consecutive years and has raised its payouts for 68 years in a row. It is among the best dividend zombies on our list.

The Procter & Gamble Company (NYSE:PG) was a part of 69 hedge fund portfolios at the end of Q1 2024, compared with 71 in the previous quarter, as per Insider Monkey’s database. These stakes are valued at over $7.2 billion. Fisher Asset Management was the company’s leading stakeholder in Q1. The hedge fund also remained bullish on the stock, boosting its PG stake by 56%.