Below you could find snapshots of the time and sales of Procter & Gamble (PG) stock from the lows today.
And here is the stock chart from today:
Compare this chart to the chart of annual dividends. The annual dividend per share has increased by an average of 11% annually, which is below the growth in earnings. An 11% growth in dividends translates into the payment doubling every almost every six and a half years. Procter & Gamble has managed to double its distributions every seven years on average since 1973.
I think that Procter & Gamble is attractively valued with its low price/earnings multiple of 15, a not too high DPR. The current dividend yield is 3.10%. I would be a buyer of Procter & Gamble (PG) and other quality dividend stocks on dips.