Monday, April 15, 2013
Dividend Increase: PG
Procter & Gamble (PG) is increasing its quarterly dividend by 7.0%, from $0.562 to $0.6015 per share, putting the company on track for its 57th consecutive year of dividend growth (press release). Given that I own 50 shares of PG, my quarterly dividend increases from $28.10 to $30.08, which will add an extra $7.92 to my annual dividend income. This dividend increase boosts my yield on cost to 3.78%. Thus far this year, there have been dividend increases for 15 of the 28 dividend growth stocks in my portfolio.
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DGM,
ReplyDeleteFantastic news! Getting a 7% raise after 50+ years of such raises is pretty phenomenal. When I first started getting interested in dividend growth investing I was amazed to see companies with 50-year streaks of dividend growth...but now that I'm a few years along it looks like we'll be seeing 60-year streaks as being fairly common here. Awesome!!
Best wishes.
DM: Indeed, it's great to see companies with such long dividend growth streaks. The increase from PG was right in line with my expectations, so I'm a happy shareholder.
DeleteGreat news! If PG can maintain 7% increases over the long term, we are going to be happy shareholders!
ReplyDeleteCI: I'd be satisfied with a string of 7% increases. :)
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