Procter & Gamble: A Value and Dividend Story

The consumer is in focus heading into 2024. There is no doubt that 2023 was surprisingly strong in terms of retail sales trends. Disinflation trends and lingering excess savings from the pandemic, along with now-positive real wages, are helpful. Some pundits assert that increased dependence on credit cards and a surprising jump in holiday buy now, pay later activity are warning signs. Also, total holiday spending came in on the weak side. I am slightly bullish on Procter & Gamble Co. (PG, Financial). I see ...