Living Off Dividends in Retirement: 5 Best Stocks To Consider

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

Dividend Yield as of May 13: 2.38%

Number of Hedge Fund Holders: 67

The Procter & Gamble Company (NYSE:PG) is an American multinational branded consumer goods corporation, operating through Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care segments. 2022 marks the 66th consistent year that the company has raised its dividend and the 132nd consecutive year of dividend payments since its incorporation in 1890.

The Procter & Gamble Company (NYSE:PG) declared on April 12 a $0.9133 per share quarterly dividend, a 5% increase from its previous dividend of $0.8698. The dividend was paid to shareholders on May 16. 

On April 22, Barclays analyst Lauren Lieberman raised the price target on The Procter & Gamble Company (NYSE:PG) to $176 from $167 and kept an Overweight rating on the shares. The analyst expects The Procter & Gamble Company (NYSE:PG)’s performance and results to “set an extremely high bar” for the industry and reinforce the company’s “widened fundamental performance gap”.

In Q4 2021, 67 hedge funds tracked by Insider Monkey reported owning bullish stakes in The Procter & Gamble Company (NYSE:PG), compared to 69 funds in the earlier quarter. At the end of the first fiscal quarter of 2022, Rajiv Jain’s GQG Partners held a significant position in the company, with approximately 10 million shares worth $1.5 billion.