The following video is part of our "Motley Fool Conversations" series, in which premium projects coordinator Erin Corr and analyst Paul Chi discuss topics across the investing world.

In today's edition, Erin and Paul discuss one of Paul's favorite dividend stocks, Procter & Gamble. P&G is an innovative consumer goods company that has a long history of increasing dividends, but it's not bulletproof. Looking forward, we'll see if the company can fight off competition from generics, which have been gaining adoption from value-conscious shoppers.

Erin Corr has no positions in the stocks mentioned above. Paul Chi owns shares of Procter & Gamble. The Motley Fool owns shares of Costco Wholesale. Motley Fool newsletter services recommend Costco Wholesale and Procter & Gamble. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.