Procter & Gamble increases dividend for 59th consecutive year

Dividend Aristocrat Procter & Gamble will increase its quarterly dividend by 3%.

Procter will hike its dividend from $0,644 to $0,663 per quarter, marking 59 years of consecutive dividend increases.

"With this dividend increase, P&G is demonstrating its commitment to – and extending its long-term track record of – returning cash to shareholders. The Company expects to pay approximately $7.4 billion in dividends to shareholders in fiscal year 2015, bringing total dividends paid over the past 10 years to more than $55 billion. P&G has been paying a dividend for 125 consecutive years since its incorporation in 1890. This marks the 59th consecutive year that the Company has increased its dividend."

At a current stock price of $82,4 Procter & Gamble has an indicated dividend yield of 3,2%.

Source: Procter & Gamble

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