To The Moon

Earlier this month (April), we saw $Procter & Gamble(PG)$ announced a hike in its quarterly dividend by 7% to $1.0065 per share. This has make it one of Wall Street's best dividend stocks, with PG having raised its payout for 68 consecutive years. With the fiscal third-quarter earnings report due before 19 April 2024 (Friday) market open, P&G is expected to report earnings of $1.31 per share (-4.4% YoY) on revenue of $19.0 billion (-5.5% YoY). P&G’s margin performance which have been above its pre-pandemic levels, and with its strong cash position, stock buyback program and healthy delta between its free cash flow and allocation strategies should be able to withstand any volatility in its stock price. If the top-line sales were to be les