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.