A dividend increase from Procter & Gamble.
On April 14th Procter & Gamble (PG) announced a 6.0% increase in its quarterly dividend for common stockholders. The dividend is raised from $0.7459 to $0.7907. This dividend increase marks the 64th consecutive year that the Company has increased its dividend, demonstrating its commitment to – and extending its long-term track record of – returning cash to shareholders. P&G has been paying a dividend for 130 consecutive years since its incorporation in 1890.
The dividend pay date is May 15, 2020 to shareholders of record on April 24, 2020 (ex-dividend April 23, 2020).
The new dividend amount represents an annualized dividend amount of $3.16 per share, up from $2.98. The dividend yield on current price is 2.73%.
My Vrijheid Fonds consist of 38 shares of Procter & Gamble, my annual dividends will increase by €3.99 ($4.34) after taxes. My projected annual total amount from my shares of PG will be €92.30 ($100.38) after taxes.
Dividend raises have become rarer in the last month amid the pandemic. So, I’m extra happy with this raise from PG. And this raise was a higher increase than expected. But hey, who is complaining 😆. Again, a nice step in my journey to financial freedom.