Procter & Gamble (NYSE: PG) has one of the longest-running dividend payments on the market thanks to its 60-year streak of consecutive payout boosts. But the stock has dropped off of many income investors’ watchlists after a few years of subpar raises. The consumer goods giant hiked its dividend by less than 1% in 2016, and by just 3% the year before.
Compare that to peer Kimberly-Clark (NYSE: KMB) and its 5% increases in both time periods. Yet for future dividend growth, P&G looks like the better bet for income investors today.