This Dividend Stock's Moat Is as Wide as It Gets. 3 Reasons to Buy and Hold It Forever.
Short-term headwinds have created a great opportunity for investors to add consumer staples giant Procter & Gamble to their portfolios.
Overview
Even among blue chip dividend stocks, Procter & Gamble (NYSE: PG) stands out for its competitive moat. It's the company behind popular consumer brands such as Gillette, Pampers, and Tide, and households buy its products fairly steadily throughout all stages of the economic cycle.
Details
But P&G's defensive, recession-resistant core business isn't the only reason to make this consumer staples stock a "forever holding." Two other factors underscore why now represents a great opportunity to enter a long-term position.
Source
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.