Procter & Gamble a high yield option?

[Wizard]

I know there are a number who hold Unilever (ULVR) and accept the lower yield for the very strong business and dividend history. I have a number of US listed giants on my watch list with HL and have noticed a recent fall in the price of Procter & Gamble (PG) which now means it yields a touch more than ULVR, which itself has seen the yield rise recently due to both a rising dividend and falling share price. So I wondered if PG is an option anyone else is considering.

A brief pen portrait for PG is as follows:
PG is decribed as being in the Consumer Goods industry and within that the Personal Care Products / Appliances sector.
Market Capital $202bn (ULVR £103bn)
Yield 3.41% (ULVR 3.34%)
Dividend paid in everyone of the last 124 years
Dividend has been increased for the last 61 years
Dividend Growth over last 5 years 8.5% (ULVR 8.1%)
Free cashflow has exceeded dividend payout for last five years

Any thoughts would be much appreciated.

Terry.

[Lootman]

There is some activism going on which has seen the share price move about:

https://www.cnbc.com/2017/10/17/procter ... votes.html

These consumer staples shares are on fairly high multiples and have single digit growth rates. I'm sure this will be OK but won't shoot out the lights.

There are a few old stalwarts in the US with high yields that are ex-growth e.g. IBM, GE, AT&T.

[Gengulphus]

Yield 3.41% (ULVR 3.34%)

Once the US withholding tax is taken into account, that makes Unilever the better-yielding share for any UK shareholder who holds in an ISA, or unsheltered and covered by their personal allowance, their 'dividend allowance' and/or their basic-rate band. Proctor & Gamble wins on yield if it's held in a SIPP (*), or unsheltered and not covered by those allowances & band.

(*) That assumes that one's SIPP provider does do the necessary admin to get the dividends paid without deduction of the US withholding tax. I have no experience of the issue, so cannot comment on whether SIPP providers vary about doing it...

Gengulphus

[Wizard]

Yield 3.41% (ULVR 3.34%)

...(*) That assumes that one's SIPP provider does do the necessary admin to get the dividends paid without deduction of the US withholding tax. I have no experience of the issue, so cannot comment on whether SIPP providers vary about doing it...

Gengulphus

I do and can confirm HL does.

Terry.