Procter & Gamble (PG) will raise its quarterly dividend by another four percent to $0.7459 per share in the second quarter of 2019, marking the 63rd consecutive year of dividend increases. Last year the Dividend Aristocrat also hiked its dividend by four percent.
The next dividend is payable on or after May 15, 2019, to Common Stock shareholders of record at the close of business on April 19, 2019. A new annual rate of $2.9836 per share yields 3.0% at a stock price of $104.66.
This dividend increase will mark the 63rd consecutive year that P&G has increased its dividend and the 129th consecutive year thatP&G has paid a dividend 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.