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Wednesday, April 10, 2024

Procter & Gamble Dividend Increase

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
201920202021202220232024
$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%
projected, assuming no further changes

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