Procter & Gamble announces 5% dividend increase for 2022
|Procter & Gamble has now raised its dividend 66 consecutive years in 2022.|
Dividend Aristocrat Procter & Gamble (PG) will raise its quarterly dividend by 5 percent to $0.9133 per share in 2022. Last year PG announced a 10 percent dividend hike and the company has now raised its dividend 66 years in a row.
The Board of Directors of The Procter & Gamble Company declared an increased quarterly dividend of $0.9133 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after May 16, 2022, to Common Stock shareholders of record at the close of business on April 22, 2022, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the start of business on April 22, 2022. This represents a five percent increase compared to the prior quarterly dividend.
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This dividend increase will mark the 66th consecutive year that P&G has increased its dividend and the 132nd consecutive year that P&G has paid a dividend since its incorporation in 1890. It reinforces our commitment to return cash to shareholders, many of whom rely on the steady, reliable income earned with their investment in P&G.
PG ANNUAL DIVIDEND INCREASES
- 2022: +5.0%
- 2021: +10.0%
- 2020: +6.0%
- 2019: +4.0%
- 2018: +4.0%
- 2017: +3.0%
- 2016: +1.0%
- 2015: +3.0%
At the current stock price of $159 the indicated dividend yield for PG is 2.3% based on a new annual dividend rate of $3.65. Procter will now pay an estimated $8.8 billion in dividends to shareholders annually.
The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, specialty beauty stores, e-commerce, high-frequency stores, pharmacies, electronics stores and professional channels. Brands include 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®. P&G has paid a dividend since its incorporation in 1890.