On Tuesday,
April 8th the Board of Directors of The Procter & Gamble Company
(PG) announced
a quarterly dividend increase of from $1.0065 to $1.0568 per share,
that’s payable May 15, 2025 to holders of record April 21, 2025..
This represents a 5.00% increase over the last quarterly dividend.
P&G has been paying a dividend for
135 consecutive years since its incorporation in 1890 and has
increased its dividend for 69 consecutive years.
At the current price of $157.36
(today’s open), this increase will raise PG’s dividend yield to
2.69%.
Procter & Gamble is a Dividend
Champions with a 69 year streak of dividend increases. Dividend
growth rates for 1, 3, 5 and 10 years are 6.0, 5.2, 6.0 and 4.6
(Dividend
Champions.xls)
As an owner of 25 shares of Procter &
Gamble, the recent dividend increase adds $3.75 to my projected
annual net dividend income.
I was expecting an increase of around
5%, so the increase announced was in line with my expectations.
This recent dividend increase marks the
third consecutive raise I’ve received from P&G since I acquired
my shares in January 2023. Over this period, PG’s quarterly
dividend has grown moderately from $0.9133 to $0.10598. per share,
reflecting a 15.7% increase.
The moment of writing, PG’s weight of
my portfolio is about 0.55% and its share of future annual dividend
income is approximately 0.31%.
Following this increase, my yield on
cost is 3.02%.
Summary of 2025 Dividend Increases /
Cuts
Click here
to see my portfolio holdings.
You can follow the development of my
dividends here.
Full Disclosure: Long PG
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