Even With the S&P 500 at All-Time Highs, I'd Buy This High-Yield Dividend Stock Without Any Hesitation in September.
This 3% yielding consumer staple looks like a solid buy on the dip.
Overview
Procter & Gamble (NYSE: PG) is one of the largest consumer staples, and investors can currently buy it at a discount, trading about 19% off its highs.
Even as the S&P 500 is up about 12% year to date, investors are not getting much income from index funds these days, with the S&P offering just a 1% yield. P&G yields close to 3%, and that dividend is backed by household brands people buy in any economy, which is why I'd feel comfortable buying the stock this month.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.