“The true investor welcomes volatility…a wildly fluctuating market means that irrationally low prices will periodically be attached to solid businesses.”
Procter & Gamble is another stock with an A+ dividend quality grade and a strong balance sheet. The dividend is growing at an average rate of roughly 6% per year.
The firm raises the dividend at a decent clip ranging from about 6% to 8% annually. Further, the modest payout ratio of ~41% indicates future increases
are likely.