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.

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