Procter & Gamble: Transaction submitted. Time to Get This

Zacks highlights commentary from People and Picks Member «DiviMO».

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Procter & Gamble ([url=http://www.zacks.com/stock/quote/pg]PG[/url]) is a core dividend stock I always wanted in my dividend stock portolio. PG went ex-div on July 20and it's share price is now at or near it's low for the month...a good time to try to sneak in...

As such, I'm going for a lower price. I've submitted another naked write put order...to Sell the AUG PG 62.50 PUTs. I have a limit order at the current bid price so I should get it. I get the nice premium and if the stock does drop to 62.50 I'll get assigned the shares. That's the plan. If I don't get assigned, I can do it this play again next month and keep getting the premiums.

Here's what another said about PG as a safe dividend stock:

"PG carries a yield of 3.3% and a payout ratio of 55.3%. The operating margin sits at 19.2% and quarterly revenue growth at 5.5%. One of the important metrics for dividend stocks is ROA, which at Procter & Gamble sits at 7.18%. This company will not excite most people, but the numbers assure a long term hold will pay off in the future based solely off the safety of the dividend returns."

The most recent picks by «DiviMO» are:
A buy rating on Harley-Davidson ([url=http://www.zacks.com/stock/quote/hog]HOG[/url]),
a sell rating on Eastman Kodak ([url=http://www.zacks.com/stock/quote/ek]EK[/url]) and
a sell rating on Zhongpin ([url=http://www.zacks.com/stock/quote/hogs]HOGS[/url]).

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