PG is undervalued with strong management; fair value $167 vs price $146 implies 14% upside in 12-18 months.

Procter & Gamble is the next undervalued dividend stock that I think you can buy now and hold for a very long time. It can be said that this is one of the best companies I follow in terms of management in the world.

The management was excellent, and their training process for developing new leaders was also excellent. They grow brands and deliver them to their distribution partners in an excellent way, and they have been doing so for a long time .

It is reasonable to assume that they will be able to repeat this formula for decades to come.

I calculated a fair value of $167 for Procter & Gamble. The current market price is 146, so I see an opportunity for 14% growth over the next 12 to 18 months.

High-income consumers are doing very well because asset prices are rising, and they are seeing an increase in their overall wealth due to rising stock, home, and asset prices. Artificial intelligence contributes to accelerating the pace of asset valuations for that upper class.

On the other hand, low-income earners—or rather, I should say the lower class, low-income earners—have less disposable income because their living costs are increasing at a faster rate than their wages are growing.

Therefore, they are making difficult choices that affect these four companies I mentioned, because they are consumer-oriented companies and are facing headwinds as consumers move towards cheaper options .

Consumers are choosing to reduce their consumption of these products, and therefore these headwinds are affecting all four companies.

Of course, if you are an investor looking for dividends, you are looking for a good return, and these four companies offer attractive returns, with General Mills leading the way at 7.2%, followed by PepsiCo at 4.5% , Procter & Gamble at 3%, and McDonald's at more than 3 %.

Furthermore, I think it is reasonable to assume that these companies will continue to increase their dividend payouts for many years to come. Thus, not only will you receive a certain amount of dividend income this year, but it is likely to be even greater next year, and even greater the year after that, and so on for many years to come.

Therefore, I believe these are four undervalued dividend stocks that investors can buy now and hold perhaps forever or for decades without having to sell them, and simply benefit from the dividend income .