Procter & Gamble continues rare dividend streak
Now 68 consecutive years of increased dividends by the Dividend Aristocrat
The Board of Directors of Procter & Gamble PG 0.00%↑ has declared a 5% increase in its quarterly dividend, bringing the new quarterly dividend to $1.0568 per share.
Procter & Gamble is unique because it increases its dividend by an exact percentage every year; only a handful of stocks follow this approach. As a result, you get those unusual, odd dividend amounts each quarter!
This marks the 69th consecutive year of dividend increases for the Dividend Aristocrat, reinforcing its long-standing commitment to returning cash to shareholders. The dividend is payable on May 15, 2025, to shareholders of record at the close of business on April 21, 2025.
With the current share price of $158.39, this dividend increase translates to a yield of 2.7%.
Procter & Gamble has a long history of consistent dividend payouts, having paid a dividend for 135 consecutive years since its incorporation in 1890. This consistent track record highlights the company's commitment to delivering steady and reliable returns to its shareholders.
The company's approach to dividend increases is also notable for its consistency, as each annual hike is typically a round percentage increase, such as the 5% increase seen this year. This method provides shareholders with a clear and predictable dividend growth pattern.
Despite a year-to-date decline of 4.9% in its stock price, Procter & Gamble continues to prioritize shareholder returns through its long-established dividend policy.
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, specialty beauty stores, e-commerce, high-frequency stores, pharmacies, electronics stores and professional channels. Brands include Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®. P&G has paid a dividend since its incorporation in 1890.
Disclaimer: The information provided here is for informational purposes only and should not be considered financial advice. Investors should conduct their own research or consult with a financial advisor before making any investment decisions.