Buying Safe (Sleep Well At Night) Income - Procter & Gamble (20 shares, $53 dividend income)

Current worldwide stock market turmoil provided a nice opportunity to own a few shares of Procter & Gamble (NYSE: PG) at discounted prices.

Procter & Gamble is a American multinational consumer goods company with brands in pet food, cleaning agents, and personal care products among many other household items. They own a big segment of household brands used daily by millions of consumers in the US and worldwide.

If China's economy is slowing down or if we go into a recession, consumers will still continue to use and need these products. Procter & Gamble will continue to thrive and return steady dividends to shareholders. This is a stable and safe (sleep-well-at-night) stock for long term investors.

This purchase will add $53/yr to the dividend income portfolio

Basic info:
Market CAP:185B     EPS:$3.04    Div Yield:3.80%