Procter & Gamble raises dividend for 62nd year

Dividend Aristocrat Procter & Gamble (PG) will raise its quarterly dividend by four percent to $0.7172 per share in the second quarter of 2018.

This marks the 62nd consecutive year of dividend increases for the consumer staples company. Last year Procter hiked its dividend by 3 percent.

The next dividend is payable on or after May 15, 2018, to Common Stock shareholders of record at the close of business on April 20, 2018. At the current stock price of $78.37 the indicated dividend yield for PG is 3.7%.

The Company expects total dividend payments to shareholders of nearly $7.5 billion in fiscal year 2018, bringing total dividends paid over the last decade to $65 billion. P&G has been paying a dividend for 128 consecutive years since its incorporation in 1890.

P&G serves consumers around the world with one of the strongest portfolios of trusted, quality, leadership brands, including Always®, Ambi Pur®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Fairy®, Febreze®, Gain®, Gillette®, Head & Shoulders®, Lenor®, Olay®, Oral-B®, 
Pampers®, Pantene®, SK-II®, Tide®, Vicks®, and Whisper®.