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GROWTH AND INCOME: Procter & Gamble
Procter & Gamble Ticker: PG
Market Cap: $156.4 billion
P/E Ratio: 15
Earnings Growth: 10%
Dividend Yield: 3.3%

The company behind Tide and Pampers sells products priced a notch above private label fare, which is why P&G's sales have suffered in recent months. CEO A.G. Lafley, who is stepping down next month, but will remain as chairman, announced in May that revenues would stay relatively flat in 2010, below analysts' projections. But management also stressed that P&G would boost its investment in new products, sticking to the company's proven strategy of growing through innovation.

Lauren Lieberman, a Barclays analyst, rates P&G overweight and has a $60 price target. In a recent note, she argued that the company's underwhelming performance was due to the macroeconomic environment, not its product mix.

--M.K.

NEXT: GROWTH AND INCOME: Waste Management

Last updated June 11 2009: 10:27 AM ET
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Criteria include long-term earnings growth of 7% or more, dividend yield greater than the S&P's 3.1%, and P/E ratios below 27. All data related to stock price as of June 1, 2009. P/E ratios based on the previous 12 months' reported earnings. Earnings growth based on Wall Street estimates for the next three to five years.
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