5 Best Safe Blue Chip Dividend Stocks

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

Number of Hedge Fund Holders: 70
Number of Years of Consistent Dividend Growth: 65
Dividend Yield: 2.52%

The Procter & Gamble Company (NYSE: PG) is a consumer staples company providing branded consumer packaged goods in North and Latin America, and internationally. Some of its major brands include Gillette, Rejoice, Safeguard, and Secret, and it operates through its Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care segments. The company ranks 1st on our list of the best safe blue chip dividend stocks.

JPMorgan retained its Overweight rating on The Procter & Gamble Company (NYSE: PG) shares this April, while UBS has also initiated coverage of the stock this June with a Neutral rating and a $138 price target.

In the fiscal third quarter of 2021, The Procter & Gamble Company (NYSE: PG) had an EPS of $1.26, beating estimates by $0.07. The company’s revenue was $18.11 billion, also beating estimates by $147.79 million. It has gained 2.37% in the past 6 months and 0.12% year to date as well.

By the end of the first quarter of 2021, 70 hedge funds out of the 866 tracked by Insider Monkey held stakes in The Procter & Gamble Company (NYSE: PG) worth roughly $8.53 billion. This is compared to 83 hedge funds in the previous quarter with stakes worth about $10.42 billion.

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