Procter & Gamble Announces Another Dividend Increase

Procter & Gamble [[PG]] announced yesterday that the company will increase their quarterly dividend by 9% to $.525 per share.

 

Following the dividend increase, P&G stock will offer a current dividend yield of 3.4% based on yesterday’s closing price.

 

This marks the 55th consecutive year that Procter & Gamble has increased their dividend. The dividend aristocrat has now been paying dividends for 121 straight years.

 

Procter & Gamble is a staple in most dividend portfolios with their high dividend yield and consistent cash flows. However, the blue chip stock has been disappointing investors of late.

 

Last year, PG shares gained only 6% while the S&P 500 index climbed nearly 13%. In 2011, PG stock has dropped over 2% as the Dow Jones index has climbed nearly 7%.

 

The company is trying to refocus on their core brands. Earlier this month P&G announced the sale of their Pringles brand to Diamond Foods [[DMND]] for $2.35 billion.

If you enjoyed this article then we invite you to subscribe to our free dividend newsletter.

  

Leave a Response: