01-29-2019, 10:59 AM
I see PG being about 10-20% overvalued here at a 21 PE on 2019 EPS of $4.45.
Analysts are expecting ~7% EPS growth going forward, and I expect dividend growth to lag that a bit as PG works the payout ratio back down towards 60%.
Nothing wrong with it here at a 3% yield if you are looking for income, as I see that plenty safe and there's something to be said about a 60+ year streak of dividend growth.
Looking for more growth personally, so I don't own it at this time.
Analysts are expecting ~7% EPS growth going forward, and I expect dividend growth to lag that a bit as PG works the payout ratio back down towards 60%.
Nothing wrong with it here at a 3% yield if you are looking for income, as I see that plenty safe and there's something to be said about a 60+ year streak of dividend growth.
Looking for more growth personally, so I don't own it at this time.