So now were getting 44 cents a share in dividends. Here is something impressive from their press release today: “
S%P rates PG a Strong Buy. I like the stock because its been hammered way past reasonableness. Demand for household and personal care products are stable and generally not affected by economic cycles. Yet the stock is well off its $73+ 52-week high.
S%P has a 12-month target of $68, but then they also had a 12 month target on GE at $12 that took less than a week to achieve that price.
I like the stock buyback, reducing 4% of the outstanding shares. I currently hold 1/2 of my PG holding goal.
, I am initiating a buy of another 1/4 of my targeted PG investment at 47.