Procter & Gamble (PG) increased its quarterly dividend by 6.99%, from 94.07¢ to $1.0065 per share.
The dividend will be paid on 15 May to shareholders of record on 19 April. The ex-dividend date is 18 April.
PG's contribution to DivGro's projected annual dividend income will increase by $22.32 to $402.60.
I own 100 shares of PG at an average cost basis of $129.84 per share. Following this increase, my yield on cost is 3.10%. (PG's forward yield is 2.56% at $157.24 per share).
Since I opened my PG position in February 2014, the stock has produced annualized total returns of 9.0%, including $1,385.76 in dividend income.
PG became DivGro's 22nd Home Run stock in August 2020, when the stock doubled my original capital outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $2.9549 | $3.1180 | $3.4001 | $3.6097 | $3.7354 | ⬆ | $3.9602✝ |
| 4.00% | 5.52% | 9.05% | 6.16% | 3.48% | ⬆ | 6.99% |
| 5-year DGR: | 5.63% | ⬆ | 6.03% | |||
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