Procter & Gamble (PG) will raise its quarterly dividend by 5 percent, marking 66 straight years of dividend increases by the well known Dividend Aristocrat. Last year PG hiked its dividend by 10.0 percent to 86.98 cents per share, following a 6.0 percent increase to $0.7907 per share announced in 2020. Last year also was the first double digit dividend hike announced by the Dividend Aristocrat since 2009. The next dividend will be payable on or after May 16, 2022, to Common Stock shareholders of record at the close of business on April 22, 2022. A new annual rate of approximately $3.65 per share yields 2.3% at a stock price of $159. In its press release PG mentions that 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 the company's commitment to return cash to shareholders, many of whom rely on the steady, reliable inc...