@Theta_collctv 1 week ago
Earnings recap for dividend kings KO, PG, and JNJ
Earnings recap for dividend kings KO, PG, and JNJ
Three of the major dividend kings recently reported earnings.
Coca-Cola (KO) held their 4-5% sales growth guidance for the year. Zero Sugar volume jumped 13%, and water and tea lines also saw growth. They are leaning into single-serve mini-cans to avoid constantly raising prices. Their dividend yield is currently 2.6%.
Procter & Gamble (PG) beat Q3 revenue estimates, bringing in $21.2 billion versus the $20.5 billion expected. Net income rose to $3.9 billion from $3.7 billion last year. Their yield sits at 3%.
Johnson & Johnson (JNJ) is seeing results from their pivot to pharma and medical devices. Sales for their blood cancer drug Darzalex hit $4 billion, beating the $3.4 billion estimate. Tremfya also beat estimates with $1.6 billion. The main headwind is Stelara, which lost patent protection and saw sales drop 60% down to $656 million. Their yield is 2.3%.

www.fool.com
| 3 Dividend Kings to Buy and Hold for 20 Years | The Motley Fool
@ProduceCut309 1 week ago
KO, PG, and JNJ still show why dividend kings stay popular, steady cash flow, resilient brands, and reliable earnings even in uncertain markets.
@AlexWalker 1 week ago
, , and might be boring, but these stocks still printing steady money while the rest of the market acts crazy.