1 Plain-As-Day Dividend King to Buy and Never Sell That Has Paid a Continuous Dividend Since 1891

1 Plain-As-Day Dividend King to Buy and Never Sell That Has Paid a Continuous Dividend Since 1891 Alex Sirois Wed, June 10, 2026 at 6:39 PM GMT+2 3 min read PG NVDA Quick Read PG has raised its dividend for 70 consecutive years, growing the quarterly payout from $0. 29 in 1999 to $1. 09 today, yielding 2.

88%. P&G's FY2025 free cash flow of $14B covered its $9. 9B dividend payout at 1.

42x, well above its long-term average. With a beta of 0. 39 and dividends paid through the Great Depression and two world wars, P&G trades stability for growth-market underperformance.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and P&G didn't make the cut. Grab the names FREE today . Procter & Gamble ( NYSE:PG ) is a stock built for multi-decade ownership because its portfolio of daily-use staples generates the kind of inelastic cash flow that funds a dividend through every economic regime humanity has thrown at it since 1891.

Scott Olson / Getty Images Pillar 1: A Business Built to Outlast Cycles The forever case starts with what P&G actually sells. Tide, Gillette, Crest, and Pampers are not discretionary purchases. Consumers replace detergent, razors, toothpaste, and diapers on a schedule dictated by biology and household routine, not by the unemployment rate.

That demand profile shows up in the BEA data: food spending alone rose from $1,513. 8B in January 2025 to $1,562. 8B in April 2026, and total personal consumption expenditures climbed from $20,462.

2B to $21,979. 4B over the same window. Households keep buying staples.

That inelasticity gives P&G pricing power. With CPI running at 332. 4 in April 2026, the company pushed through tariff and commodity headwinds totaling roughly $400 million and $150 million after-tax while still posting Q3 FY26 organic growth across all five segments and an operating margin (TTM) of 23.

1%. Pillar 2: Income That Compounds Without Drama P&G is in its 70th consecutive year of dividend increases, with roughly $10 billion in dividends and $5 billion in buybacks planned for fiscal 2026. The current quarterly payout is $1.

0885, up from $0. 9407 in early 2024 and roughly $0. 285 in 1999.

The dividend yield sits at 2. 88%. Coverage is the part retirees should focus on.

FY2025 free cash flow came in at $14. 045 billion against a dividend payout of $9. 872 billion, a coverage ratio of 1.

42x. The eight-year average is 1. 61x.

Cash conversion ran at 111% in FY2025. The check clears with room to spare. Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and P&G didn't make the cut.

Grab the names FREE today . Pillar 3: Survival Built Into the Balance Sheet P&G has paid a dividend through the Great Depression, two world wars, the 1970s inflation shock, the 2008 financial crisis, and the recent tariff cycle. Beta sits at 0.

385, institutional ownership at 71. 95%, and return on equity at 31. 1%.

Trailing P/E is 21x on diluted TTM EPS of $6. 83. None of those readings flash danger.

Story Continues The Scenario Where It Lags In a risk-on bull market led by tech and growth, P&G will trail. Shares are down 5. 94% over the past year, currency-neutral core EPS was flat year-over-year in Q3 FY26, and core gross margin compressed 100 basis points on tariff costs.

That underperformance is the price of owning a business that does not need a tailwind to function. The forever thesis is about collecting a growing dividend through the next forty years of unknown markets, which is exactly what this balance sheet is engineered to do. For long-horizon income investors, the setup is straightforward: a defensive cash machine with a 70-year dividend growth record and coverage well above 1x.

Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and P&G didn't make the cut. Grab the names FREE today .