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Free cash flow is an important measure since it's operating cash flow minus capital expenditures.
The dividend increase makes P&G one of the longest-tenured Dividend Kings, which are companies that have increased their payouts for at least 50 consecutive years.
09 in FCF per share easily cover its dividend, even after the latest raise.
He believes the best investors are those who focus on fundamentals, remain steady through volatility, and filter out market noise.