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Consumer products companies are often fertile hunting grounds for dividend investors. The reason being that their recession-resistant nature allows them to profit in all sorts of economic conditions. After all, you still need to brush your teeth or wash your clothes even if the economy is tanking.

Stable cash flows are the name of the game for the sector and you couldn’t get any more rock solid than Procter & Gamble (PG ). Well, at least, that used to be the case.

It’s no secret that PG is the dominant force in the industry and features a multitude of big-name brands. The problem is, sometimes bigger isn’t better. And Procter found this out the hard way. Sales declines, slipping profits and other issues began to plague the sector stalwart. Shares of PG tanked hard.

With various headwinds now pushing the stock downwards, management has been doing what it can to right the ship. The question is: Are they doing enough and does PG deserve to be in your portfolio?

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