Quick Read
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P&G delivered its 70th consecutive dividend hike; GPC surged 20% successful a period with a tax-free spin-off into 2 companies targeting Q1 2027.
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Altria yields 6% with shares up 33% twelvemonth to date, though cigaret measurement fell 5% and NJOY ACE remains blocked by the ITC.
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Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and P&G didn't marque the cut. Grab the names FREE today.
Dividend Kings, companies with astatine slightest 50 consecutive years of dividend increases, are the quiescent backbone of an income portfolio. Heading into July, 3 of them basal retired for antithetic reasons: One is the textbook compounding user staple, 1 is simply a turnaround with a catalyst connected the timepiece and 1 is the high-yield income workhorse.
Here is the bull lawsuit for each.
Procter & Gamble (NYSE: PG)
Procter & Gamble (NYSE:PG) is the cleanest Dividend King successful the group. The institution conscionable delivered its 70th consecutive yearly dividend summation and has paid a dividend each twelvemonth since 1890. At a caller terms of $151.08, the banal yields astir 3% and trades astatine a guardant P/E of 21x.
The bull lawsuit is operational momentum. Q3 FY26 was the 4th consecutive top- and bottom-line beat, with halfway EPS of $1.59 against a $1.5552 estimation and nett income of $21.23 billion, up 7% twelvemonth implicit year. Growth was broad: Beauty +11%, Grooming +7%, Health Care +7%, Fabric & Home Care +7%. CEO Shailesh Jejurikar described "a coagulated acceleration successful top-line results...broad-based maturation crossed merchandise categories and regions." Management plans to instrumentality astir $10 cardinal successful dividends and $5 cardinal successful buybacks successful FY26 and Wall Street's mean people sits astatine $163.52.
Risk: tariffs and commodities. P&G is absorbing a ~$400 cardinal after-tax tariff headwind and ~$150 cardinal commodity headwind, with halfway gross borderline compressed 100 ground points. Guidance present points to the little extremity of the $6.83 to $7.09 halfway EPS range.
Genuine Parts (NYSE: GPC)
Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and P&G didn't marque the cut. Grab the names FREE today.
Genuine Parts (NYSE:GPC), the genitor of NAPA, is the catalyst trade. Shares person ripped 20% successful the past period to $117.67, yet the banal remains astir level twelvemonth implicit year. The dividend streak present stands astatine 70 consecutive years, with the quarterly payout raised 3% to $1.0625, bully for a output adjacent 4%.
The bull lawsuit has 3 legs. First, Q1 FY26 results came successful "ahead of expectations," with adjusted EPS of $1.77 connected $6.26 cardinal successful gross and Industrial EBITDA borderline expanding 90 ground points to 14%. Second, the planned tax-free separation into 2 autarkic nationalist companies, Global Automotive and Global Industrial, is targeted for Q1 2027, and CEO Will Stengel called it a measurement "expected to unlock worth for our stakeholders." Third, DA Davidson initiated sum with a Buy standing and a $145 people connected June 23, citing the spin-off and NAPA cost-cutting. Forward P/E is conscionable 15x.

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