Dividend Aristocrat Procter & Gamble (PG) will raise its quarterly dividend by 3 percent to $0.6896 per share in 2017.

The new dividend is payable on or after May 15, 2017, to shareholders of record at the close of business on April 21, 2017. At the current stock price of $89.80 the indicated dividend yield is 3.1%. 

P&G expects total dividend payments to shareholders of more than $7 billion in fiscal year 2017, bringing total dividends paid over the last decade to more than $62 billion. The Company has been paying a dividend for 127 consecutive years since its incorporation in 1890.

The Procter & Gamble Company provides branded consumer packaged goods to consumers worldwide. The company has five reportable segments: Beauty; Grooming; Health Care; Fabric & Home Care and Baby, Feminine & Family Care. Procter's brands include Gilette, Olay, Old Spice, Safeguard, Head & Shoulders, Pantene, Rejoice, Mach3, Prestobarba, Venus, Cascade, Dawn, Febreze, Mr. Clean, Bounty and Charmin. P&G has paid a dividend every year since its incorporation in 1890. The company was incorporated in Ohio in 1905, having been built from a business founded in 1837 by William Procter and James Gamble.