CINCINNATI, March 24, 2023--The Procter & Gamble Company (NYSE:PG) will webcast a discussion of its third quarter earnings results on Friday, April 21, 2023 beginning at 8:30 a.m. ET.
Rising interest rates prompted many investors to rotate from dividend stocks toward higher-yielding fixed-income investments like bonds, T-bills, and CDs over the past year. Over the past two decades, a modest $3,000 investment in Taiwan Semiconductor Manufacturing (NYSE: TSM), Procter & Gamble (NYSE: PG), and Target (NYSE: TGT) would have blossomed into roughly $87,000, $17,000, and $23,000, respectively, if you had reinvested their dividends through a dividend reinvestment (DRIP) plan.
Shares of the consumer staples icon have fallen along with the broader market, but the stock is still not exactly cheap.